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Thoughts on Restaurant Bills

Posted: 25 Jul 2016 02:05 AM PDT

Money Magazine recently had a series of stats on restaurant bills.

Here are a few of the facts that caught my attention and my take on them:

Average monthly restaurant tab per household: $223

We are a bit lower than this ($200 a month) but we've really got it more under control the past few months -- more like 4125 per month.

It's an area we're focusing on and trying to get around $100 a month.

The average household spends 20% of disposable income on eating out.

We are nowhere close to this. For us it's one of our lower-level spending categories.

Rewards cards that offer the most cash back for eating out (then they list several with the highest being 2.5% cash back).

There's a new sheriff in town. The Costco credit card offers 3% cash back on restaurants.

In addition, the Chase freedom card offers 5% now and then as part of its rotating category list.

Menu items with supersize price markups: Soda (800%), pizza (800%), French fries (977%), and chicken noodle soup (1,650%).

I either don't eat/drink most of these (soda, French fries) or don't eat them out (soup). I have to admit, pizza is my weakness. :)

How about you? How do you fare compared to these stats?


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