Published on December 17, 2018 11:21 pm, by Jen Bakker
When people set New Year’s resolutions around their money, one of the more popular ways to save money is to cut down on Dining, Bars, and Cafes spending. Last year 60% of MoneyBrilliant customers surveyed said they were setting goals around spending less in that category.
If you’ve connected your accounts to MoneyBrilliant, you can find your year to date figure in your spending reports. If you’re a Plus customer, you might want to have a look at the People Like Me feature. You can see how much you have spent compared to others like you so far this year.
For some of us what we spend at restaurants, bars and cafes is all about convenience, for others, it’s just fun! This spending category can be controlled. It’s a lifestyle category, and you could live without it. But if you love your mid-morning coffee, and just can’t go past a night out, there are ways to spend less without impacting your experience.
Here are 5 of our favourite tips for spending a little less when we go out:
If you like to enjoy a few drinks with dinner, have a scout around the area and find a restaurant where you can take your own bottle. Just a few drinks each and you can easily reduce your bill by $30.
#2 Eat less
How many times do you leave bursting at the seams? Perhaps you could share an entrée or dessert rather than having one to yourself. There can be a fair amount of wasted food at restaurants. Ordering one course less is an easy saving of $10.
#3 Have a coffee at home
2 take away coffees per weekday is $40 per week. Cut it down to 1 and you’ve saved yourself $1,000 over the year. Use that money to buy a coffee machine and save yourself even more over the next few years.
#4 Use the Entertainment Book, Groupon, and Scoopon
In years gone past, people have expressed a dislike of using coupons. But recently, it seems to be less of an issue as it has become more mainstream. There is plenty of variety across these options, and savings often start at 25%.
#5 Don’t rush to buy at the bar
There are all sorts of tricks to help you spend less on a night out. Check out the menu prices before you purchase and see if it’s less expensive to buy a bottle rather than 3 or 4 glasses. Alternatively set yourself a limit, bring cash and leave the card at home. When it’s all gone, take it as a sign to switch to water or head home.
Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.