The 2022 Canada Food Price Report stated that on a budget of $1,000 per month, the
average family spends $270 when eating at restaurants.
To minimize these expenditures, don't succumb to spontaneous, hunger-driven decisions. Before venturing out, take a peek at your budget for the week or month. Allocate a realistic amount for restaurant meals, considering upcoming birthdays, celebrations, or special occasions. This pre-planning empowers you to make informed choices and avoid overspending.
2. Use Apps and Websites
Technology is your friend! Many restaurants offer online menus and pricing, allowing you to compare options and portion sizes before leaving home. Additionally, apps like Groupon and Favebook offer fantastic deals and discounts on meals. Downloading a restaurant's app can also unlock exclusive promotions and loyalty programs.
3. Befriend the Lunchtime Rush
Lunch menus are generally lighter on your wallet than dinner menus. Many restaurants offer delicious and filling lunch specials, often including a drink or side dish at a discounted price. This strategy not only saves you money but also reduces wait times, especially in popular establishments.
4. Split With a Friend
Sharing plates with a friend allows you to indulge in a wider variety of flavours without doubling your bill. This option works particularly well if both of you have moderate appetites. Opt for dishes that are inherently meant for sharing, like large appetizers, pasta dishes, or family-style entrees.
5. Take the Leftovers
Don't underestimate the magic of a doggy bag! Portions at restaurants tend to be larger than what you might typically consume. Before your food arrives, request a to-go container. When the meal arrives, immediately pack half of it for another delicious and budget-friendly meal at home.
6. Opt for Water
Restaurant drinks can inflate your bill significantly. Skip the sugary sodas and juices, and instead, enjoy a refreshing glass of water with a twist of lemon or lime. Many restaurants offer sparkling water or flavoured water as well. Not only is this a budget-friendly choice, but it's also a healthier option.
7. Be Strategic About Location
The location of a restaurant significantly impacts the price. Consider venturing outside of tourist areas or high-end locations where rent is likely to be factored into the cost of your meal. You'll often find equally delicious and authentic cuisine at restaurants situated in quieter neighborhoods.Dining with a friend?
8. Try out Alternatives to Traditional Dining
Restaurants aren't the only game in town! Consider alternative dining options. Food trucks often offer delicious and creative dishes at a lower price point. Additionally, ethnic markets and grocery stores often have hot food counters where you can score delicious and affordable meals to go.
9. Resist the Urge for Impulse Add-Ons
Resist the temptation to add expensive extras to your meals. Be mindful of upselling tactics employed at restaurants. Stick to your initial order and avoid ordering extra sides, desserts, or appetizers unless you've factored them into your budget beforehand.
10. Budget When Treating Friends and Family
Let's face it, sometimes you want to treat your loved ones to a nice meal. Here are some tips to manage your finances when dining with others:
Decide on a comfortable amount you'd like to spend on the outing. This helps manage expectations and keeps you on track.
Have an open conversation with your companions about your budget. This can prevent financial surprises and allows everyone to share in planning a cost-effective dining experience.
Consider a potluck-style dining experience where everyone contributes a dish. This allows for a social gathering filled with delicious food while minimizing individual costs.

By incorporating these strategies, you can enjoy the pleasures of dining out without compromising your financial health. Remember, it's about finding a balance that works for you. Whether it's planning your outings, looking at budget-friendly options, or using responsible financial tools, the key is to savor the experience without letting it become a financial burden.
Financial Planning for Unexpected Expenses
