You Budget How Much For Restaurants and Dining Out?

In this post, I’ll be discussing how much we spend on restaurants and dining out. Depending on where you live, the cost to eat out probably varies a bit. However, there is one way to make sure you stay under budget – eat at home! It’s healthier anyway.

Get to the point already!

Just like the fuel budget, we budget $200 for restaurants and dining out. This amount has been pretty consistent what we’ve used for this category.

How do you stick to it?

The short answer – we don’t. We oftentimes go over. That wasn’t always the case until about a year ago. Before then we’d sometimes go over, but could stay under more easily.

What happened a year ago that made us start going over? Volunteering at church. The group we volunteer with oftentimes gathers at Chick-fil-a for lunch and/or dinner various times on the weekend. That can eat up our restaurant budget pretty quickly with a family of four.

Under normal circumstances this amount is enough for us to eat out at a nice restaurant a couple of times a month, fast food 4-5 times, and maybe a date night.

What all does it cover?

Just like the grocery¬†budget, the dining out budget can cover some items outside of just going to a restaurant. Whether it’s a sit down or fast food restaurant, it’s covered. It also covers quick visits to get some ice cream or frozen yogurt. Finally, it covers things we might buy while for immediate consumption. For example, if we were to go get a slush or pick up a bag of chips at a convenience store to eat right then, those would count towards the restaurant budget.

Checkup

How much do you spend on restaurants and dining out each month? Do you have a hard time staying under budget? Let me know in the comments below.

Photo by Sean MacEntee

You Budget How Much For Gasoline/Fuel?

I’ll be continue covering our budget this month. In this post, I’ll be discussing our fuel or gasoline budget. This one is a little tricky because it can vary a bit depending on a number of factors, such as the types of cars you drive and the number of miles driven each month.

Get to the point already!

Here it is – each month we budget $200 for gasoline or fuel. There have been periods of time where it has been more or less depending on what gasoline prices are. On average, $200 seems to cover it every month.

What do you drive?

We drive two different vehicles in our home, and they’re somewhat opposites when it comes to miles per gallon. Our first car, and the one driven the most, is a 2006 Toyota Prius and gets almost 50 MPG depending on the weather. It has over 200k miles at this point and continues to run well. I commute about 50 miles each day to work, not counting additional driving on the weekend.

Our second vehicle is a 2011 Toyota Sienna. It averages anywhere from 19-23 MPG depending on the type of driving that we’re doing. My wife drives it a varying number of miles each day. Some days that might be a lot, and other days it may sit in the garage.

What all does it cover?

Unlike the grocery budget, the gasoline category is pretty simple. It covers gasoline and fuel for our cars and lawn mower. There is one minor exception to this – vacation. If we’re driving somewhere for vacation, we tend to not use the fuel budget, but instead use whatever we’ve got budgeted for vacation instead.

Checkup

How much do you spend on gasoline each month? Do we spend more or less than you do? I’d love to see in the comments below.

Photo by Adam Hinett

Buying a Used Car

used car

I’ve heard a lot of excuses about why people won’t buy a used car. They range anywhere from “I need something reliable” or “I got 0% financing so it’s not costing me anything extra.” There are a lot of good reasons to get a used car over a new car though.

  • Borrowing money at 0% is not free. When you buy a new car, it begins losing value as soon as you drive it off the lot. So, if you factor in the value you’re losing, 0% doesn’t look much like zero anymore. When you buy a used car, someone else has already lost a bunch of the value for you.
  • Used cars can be just as reliable as a new car. If you buy a car that is a few years old, you have the advantage of being able to check how reliable that model of car has been across the entire fleet. Consumer Reports does an annual automobile issue that goes back about 6 or 7 years for just about every model to tell you what areas have been good and what areas there have been issues. They also tell you what the best used car is in each segment and whether or not a particular year or a specific model would be a good used car to buy.
  • Getting a used car inspection can keep you from buying someone else’s headache. It shouldn’t normally cost very much to get one (probably less than $100). They can check to see if there are any recalls and look it over to tell if there are issues or if things haven’t been maintained. When we purchased our used Prius, we took it from the dealer we were buying it from to another Toyota dealer to have it inspected. Since Prius cars are kind of unique, we wanted to make sure a certified professional gave us a clean bill of health.
  • Buying a used car could save you a TON of money. Our last two cars we purchased were used. I felt like we didn’t get a great deal on the first one, but we did get it used with only 2300 miles on it. I feel like we almost stole the second one, so that more than makes up for it. (See the story below.)
  • Buying from an individual and paying cash can save you even more. If someone is selling a car for $8000 and you walk up with $7000 cash, you could find yourself driving home in a “new” used car. Cash tells the seller that you’re serious and all they have to do is say yes and the money is theirs.

I want to close with a little story about our last car purchase. We were kind of in a bind when purchasing our last car because we were in an accident that totaled our Corolla. We shopped around and my wife really wanted a Prius. We looked around a bit and decided we didn’t want to spend much over what we were getting from the insurance company since we weren’t planning on buying a car at that time. We found a Prius at a dealer that was originally listed for $16,900, but had been marked down to $13,900 since it had sat on the lot for a while. We drove it and liked it but wanted to try to negotiate a better deal. We weren’t willing to pay $13,900. Anyhow, we left and told the guy we would think about it. We decided that we weren’t willing to pay that much and it had to be cheaper to buy it. The salesman called us a few days later and asked if we were interested and “what it would take to get us to buy it.” I called up my wife and she said she wasn’t willing to pay more than $13,000 and it had to include tax, title, and fees. I called him back and after a little while he returned my call and said that we had a deal. That means that our actual purchase price was around $11,800 before taxes and fees. So the last tip:

  • Have patience when looking for a used car. Our great deal happened because my wife had patience and wasn’t willing to make a decision quickly or sacrifice more money just to close the deal. Our waiting told the dealer that we weren’t desperate, and desperate buyers or buyers with car fever are the ones they love.