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 respond when someone asks what's your budget? ›

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?

What does a budget show you responses? ›

A budget is a plan that shows you how you can spend your money every month. Making a budget can help you make sure you do not run out of money each month. A budget also will help you save money for your goals or for emergencies.

What is a good going out budget? ›

One simple way to gauge how much is the right amount to spend on fun is by using 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 what is your operating budget? ›

Here are the most common components of an operating budget:
  1. Revenue. This includes all the different ways a company makes money by selling goods or services. ...
  2. Variable Costs. These are costs that rise or fall in lockstep with sales volume. ...
  3. Fixed Costs. ...
  4. Non-Cash Expenses. ...
  5. Non-Operating Expenses.

How do you respond to we don't have a budget? ›

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

How do you tell someone it's out of your budget? ›

Explain That You're on a Budget

But if he would like, I can budget [it] for a later date." This accomplishes two things—you get in a hard financial no and an alternative on your own timeline. It says, sure, I'd love to go to that pricey restaurant sometime—but when I can afford it, save up for it, and budget for it.

What is the 50 30 30 rule? ›

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.

What is the 50/30/20 rule? ›

The rule is to split your after-tax income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings. 1. This intuitive and straightforward rule can help you draw up a reasonable budget that you can stick to over time in order to meet your financial goals.

What is the reason for having a budget responses? ›

A budget can often help build financial independence and freedom. A budget can also set you on the right path to achieving your financial goals, spending within your means, saving for retirement, building an emergency fund, and analyzing your spending habits.

What is an example of a good budget? ›

In the 50/20/30 budget, 50% of your net income should go to your needs, 20% should go to savings, and 30% should go to your wants. If you've read the Essentials of Budgeting, you're already familiar with the idea of wants and needs. This budget recommends a specific balance for your spending on wants and needs.

What is the 60 20 20 rule? ›

Put 60% of your income towards your needs (including debts), 20% towards your wants, and 20% towards your savings. Once you've been able to pay down your debt, consider revising your budget to put that extra 10% towards savings.

What is the 40 30 20 rule? ›

The most common way to use the 40-30-20-10 rule is to assign 40% of your income — after taxes — to necessities such as food and housing, 30% to discretionary spending, 20% to savings or paying off debt and 10% to charitable giving or meeting financial goals.

What is a working budget? ›

Overview: What is a working budget? A working budget is one you prepare and consult daily, weekly, or even monthly. For example, if you prepare a static budget, you have a set amount in your budget for revenue and expenses.

What are the 5 main components of an operating budget? ›

Each business is unique and every industry has its nuances, but these items are general enough to apply to most industries.
  • #1 Revenue. Revenue is usually broken down into its drivers and components. ...
  • #2 Variable costs. ...
  • #3 Fixed costs. ...
  • #4 Non-cash expenses. ...
  • #5 Non-operating expenses. ...
  • #6 Capital costs in an operating budget.

What is operating budget in simple words? ›

An operating budget is a detailed projection of what a company expects its revenue and expenses will be over a period of time.

What do you say when a car salesman asks your budget? ›

What do you say when a car dealer asks your budget? The BEST answer I ever heard to this blunt and direct question was “I really don't know right now. I'm just looking for some options for an SUV to replace my car. I'll decide what my budget is when I see something that I want.

Should you ask whats your budget? ›

Instead of asking; what's your budget”? Ask; “what result are you wanting”? And based on the result they're after, show them how the right service offering is going to help them to achieve that. Letting people see that you have a solution to help them achieve the result they're after is what you should be focusing on.

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