Saving Money on Meals: How Often Do You Eat Out or Order Takeout Compared to Cooking at Home?

With the rise of food delivery apps and the convenience of takeout, it’s no surprise that many of us are eating out more often than we cook at home. But how does this habit impact our wallets? Is it more cost-effective to cook at home or to order takeout? Let’s delve into this topic and explore some strategies for saving money on meals.

How Often Do We Eat Out or Order Takeout?

According to a report by the Bureau of Labor Statistics, the average American household spends about ,000 a year on dining out. That’s roughly 0 a month. If we break it down further, it’s clear that many of us are eating out or ordering takeout multiple times a week.

Is Eating Out More Expensive Than Cooking at Home?

Generally speaking, eating out is more expensive than cooking at home. A study by Wellio found that, on average, it is almost five times more expensive to order delivery from a restaurant than it is to cook at home. Even if you choose to order from a fast-food restaurant, it’s still three times more expensive than cooking at home.

How Can We Save Money on Meals?

There are several strategies that can help us save money on meals. Here are a few:

• Cook at home more often: As we’ve seen, cooking at home is generally more cost-effective than eating out. Plus, it gives you control over the ingredients, allowing you to make healthier choices.
• Plan your meals: Planning your meals for the week can help you avoid last-minute takeout orders. Make a shopping list based on your meal plan and stick to it.
• Buy in bulk: Buying non-perishable items in bulk can save you money in the long run. Just make sure you have enough storage space.
• Use leftovers creatively: Don’t let leftovers go to waste. Use them to create new meals. For example, leftover chicken can be used in salads, sandwiches, or soups.

Conclusion

While eating out or ordering takeout can be convenient, it’s often more expensive than cooking at home. By cooking at home more often, planning our meals, buying in bulk, and using leftovers creatively, we can save a significant amount of money on meals. So, the next time you’re tempted to order takeout, consider the potential savings of cooking at home.