Money Magazine recently had a series of stats on restaurant bills.
Here are a few of the facts that caught my attention and my take on them:
Average monthly restaurant tab per household: $223
We are a bit lower than this ($200 a month) but we've really got it more under control the past few months -- more like 4125 per month.
It's an area we're focusing on and trying to get around $100 a month.
The average household spends 20% of disposable income on eating out.
We are nowhere close to this. For us it's one of our lower-level spending categories.
Rewards cards that offer the most cash back for eating out (then they list several with the highest being 2.5% cash back).
There's a new sheriff in town. The Costco credit card offers 3% cash back on restaurants.
In addition, the Chase freedom card offers 5% now and then as part of its rotating category list.
Menu items with supersize price markups: Soda (800%), pizza (800%), French fries (977%), and chicken noodle soup (1,650%).
I either don't eat/drink most of these (soda, French fries) or don't eat them out (soup). I have to admit, pizza is my weakness. :)
How about you? How do you fare compared to these stats?