Going Out On A Budget (2024)

Going Out On A Budget (1)

Going Out On A Budget

Even when you’re living on a tight budget, it’s important to carve out some money that’s just for some fun. Whether it’s $25 a week or $25 a month, a little “going out” money can go a long way.

Budgets and financial hardship put a strain on relationships. Because of this, it’s so important to make some time to get out of the house and let loose a little with your husband.

Back when my family of fourlived on $17,000, we barely had enough money to go out once a month. But we pinched every last penny that we could just to be able to get out for a treat. That’s how important it was to us.

A “treat” for us sometimes meant taking the kids and going to Panera. The luxury for us was not having to cook and clean up, and that was enough!

We often waited until we had a gift card to go to a restaurant, but even when we did that, I always made sure to stretch every penny as much as I could. Here’s how we made the most of our monthly “dates.”

Secret Shop and get your dinner paid in full!

Bad frugalista moment, guys. I didn’t know that this was even a thing until a few weeks ago. This is my new favorite thing. Bestmark is an amazing secret shopper company that offers between $50-80 reimbursem*nt at restaurants. They usually require that you get 1 appetizer, 2 entrees, a dessert, and one drink per person. But they’ll fully reimburse you for up to a specific amount.

This is the only way that my husband and I will go out to get dinner from now on! You can’t beat free, right?! I love Bestmark for a bunch of other reasons that you can check out more HERE.

Shop for coupons

If you have place in mind where you’d like to eat, check online for coupons. A lot of restaurants have deals when you sign up for their email list, you get a free dessert or appetizer. Some places offer weekly deals as well once they have you on their email list. I know that Chili’s has a weekly deal that rotates between a free kids’ meal, appetizer, or dessert. There are plenty others that do similar deals!

Groupon andLivingSocialboth offer discounts on gift cards to local restaurants, which are fantastic. With both sites, you can get a gift card to a restaurant for half the price. You can even maximize your savings by using Ebates, where you can get 6% or more cashback.

Go out for lunch instead of dinner

A rule of thumb is that lunch is always less expensive than dinner for the same items. Plus, a lot of coupons and deals that you’ll find are only for lunch hours during the week. If you can be flexible with when you go out, it will save you a lot of money! Plus, I hate being in a packed restaurant. Going out during off-peak hours is a great way to make sure that you can get seated and fed fairly quickly.

Go where kids eat free

A lot of times, the only “date” that my husband and I get to have involves us bringing the boys with us. And we can’t just go and get food for the two of us; it’s not fair to the restaurant for us to bring in outside food for them. “Kids eat free” places are my favoritesince my kids eat a LOT. Even kids meals are pretty expensive. Some places require that for each free kids meal you buy an entree, but for two adults, that’s usually not usually a problem and it still winds up saving money buying two entrees instead of having to buy 2 additional kids meals.

Here’s a really great list of places where kids eat free! You can always use Google to see if there are any local places near you that offer this type of deal.

Go out for free on your birthday

If you love food, then you’ll want to make sure you check to see if your favorite restaurants give out freebies for your birthday! So many different places give you free dinners, appetizers, desserts and more just for being born! You can’t beat free, right?

Order appetizers instead of entrees

A lot of times, appetizers are big enough for a meal. What my husband and I started to do is ordering a variety of appetizers to share and try instead of each getting a full entree. I usually wind up getting a bowl of soup and a salad (which usually totals around $7 or so at lunch) and my husband and I wind up splitting 2 appetizers. Sometimes it winds up costing the same as the entrees, but the variety is more fun!

Stick with water

Skipping the soda, iced tea, beer, or wine saves SO much money. You could buy an appetizer for the price of 2 sodas. And we won’t even go there with how expensive some beers and other bar drinks can get! But when budgeting is an issue, stick to the free water. Ask for extra lemon if you’d like something to drink with a little more flavor.

Here’s the number one rule about going out on a budget:

If you can’t afford to tip between 15-20% on the original bill (not the coupon-ed or discounted amount), you shouldn’t go out.

Servers work hard and get paid almostnothing. If you can’t pay a fair amount for a tip, you should skip going out and stick to carry-out (where you should still tip) or just make it yourself. If I ever splurge on anything, it’s on the tip when we go out. For average service, I tip 20% (it’s an easy number to figure out the tip: multiply the first number by 2 and always round up). I won’t belabor the point, just NEVER skimp on the tip.

What do you do to save money when you go out?

Going Out On A Budget (2)

Going Out On A Budget (3)

Going Out On A Budget (2024)

FAQs

How to answer the budget question? ›

Go ahead and share your budget estimate, even if it's a broad range. Cite a high- and low-end, or give a more specific figure if you're comfortable doing so. If your budget depends on a variety of factors, be open about that. What considerations will impact how much you can spend?

How do you budget when going out? ›

One of the most effective ways to help save money is bringing out a set amount of cash. Think about where you will be going and estimate how much money you will need throughout the duration of the night. Try to avoid bringing any credit or debit cards out because those are what will tempt you to spend more!

What does a budget show you responses? ›

A budget is a guide that keeps you on the path to reach your financial goals. Budgeting keeps your finances under control, shows when you need to make adjustments to your spending, and helps you decide where your money goes instead of wondering where it all went.

How do you come out with a budget? ›

  1. Calculate your net income. The first step is to find out how much money you make each month. ...
  2. List monthly expenses. Next, you'll want to put together a list of your monthly expenses. ...
  3. Label fixed and variable expenses. ...
  4. Determine average monthly cost for each expense. ...
  5. Make adjustments.

What is a budget short answer? ›

A budget is a spending plan based on income and expenses. In other words, it's an estimate of how much money you'll make and spend over a certain period of time, such as a month or year. (Or, if you're accounting for the incoming and outgoing money of everyone in your household, that's a family budget.)

What is Budget Line answers? ›

Budget line is a graphical representation of all possible combinations of two goods which can be purchased with given income and prices, such that the cost of each of these combinations is equal to the money income of the consumer.

How much should I budget for going out? ›

I recommend budgeting 10% of your monthly take home pay, after tax, for fun money. But only you will know for sure if 10% is right for your budget. Use this calculator to determine what 10% of your monthly take home pay, after tax, would look like in dollars.

What is the 50 20 30 rule? ›

Key Takeaways. The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

How much income for fun? ›

One way to gauge how much is the right amount to spend on fun is the 50/30/20 rule. According to this method, no more than 50% of your income, after taxes, should go toward needs; 30% of your income can go to things you want, including fun; 20% should go into savings.

How do you answer budget objection? ›

Expert Ways To Handle The “I Have No Budget” Objection
  1. Recognize the objection's validity. Simply saying “I understand” can be a great way to neutralize the objection. ...
  2. Talk about pricing early. ...
  3. Use strict criteria to qualify leads. ...
  4. Highlight the value, not the cost. ...
  5. Drill down on the problem's financial cost.
Feb 3, 2023

What 2 things does a budget show you? ›

A budget is something you use every month. A written budget will help you: see where you spend money. see where you can save.

How to answer an interview question about managing a budget? ›

5 Tips for Answering Budget Management Interview Questions
  1. Understand the Fundamentals. ...
  2. Use Specific Examples. ...
  3. Highlight Your Analytical Skills. ...
  4. Demonstrate Problem-solving Abilities. ...
  5. Show How You Communicate Budget Information.
May 6, 2024

How do you budget nicely? ›

Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals. Let's take a closer look at each category.

How to do a simple budget? ›

How to Make a Budget in 5 Steps
  1. Step 1: List Your Income. ...
  2. Step 2: List Your Expenses. ...
  3. Step 3: Subtract Expenses From Income. ...
  4. Step 4: Track Your Transactions (All Month Long) ...
  5. Step 5: Make a New Budget Before the Month Begins.
Jan 4, 2024

How do you answer what is your budget for this project? ›

The best way to answer project budgeting questions is by providing concrete examples that illustrate your budgeting expertise. Start by explaining the specific budgeting process you've employed in past projects, detailing how you estimated costs, allocated resources, and managed expenses.

What to say when a dealer asks your budget? ›

Counter the monthly payment conversation: Your dealer may ask what you're hoping to pay for your car each month. Instead, tell your salesperson that you'd prefer discussing the car's out-the-door price and fair market value. If need be, you can always discuss refinancing your car loan down the road.

What to say when a realtor asks for your budget? ›

If you're not ready to give it, tell them before they ask. Don't leave them guessing. However, I don't recommend waiting till you say, “Yes, we have deal” to reveal your budget. Instead, leverage the information to understand what options are available and to help validate your budget requirements.

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