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How you can save more money eating out than cooking at home

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If you automatically think cooking at home is cheaper than dining out, you could be going about it all wrong. Several new apps like Open Table are making it cheaper to go out to your favorite restaurants. They give customers discounts by making reservations during off-peak hours. Some restaurants are going so far as offer up to 40% off if you choose them over services like Grubhub or Uber Eats. #WakeUpCLT

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Here’s how the Chinese save so much money. China’s Gross Savings Rate is 45.9%. Meanwhile, data in the US suggests that the savings rate is closer to 3.5-5%.

How is it that the Chinese Save SO much money? I explain in today’s video! Enjoy.

https://www.forbes.com/2010/02/02/china-saving-marriage-markets-economy-trade.html?sh=29db437a83bd
https://www.wsj.com/articles/less-savings-more-debt-how-chinese-manage-money-american-style-in-17-charts-11572427805
https://www.britannica.com/topic/one-child-policy
https://www.scmp.com/economy/china-economy/article/3135510/chinas-one-child-policy-what-was-it-and-what-impact-did-it

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Timestamps:
0:00 – Intro
0:27 – Stats on Savings
0:54 – Why Chinese Are Excellent At Saving
3:22 – Demographics
5:19 – The Secret
6:54 – 4 Factors the Chinese Prioritize
7:32 – The 10:1 Rule
8:50 – Factor 3
10:11 – Factor 4

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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel
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Is it now cheaper to eat out than cook at home?

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Conventional wisdom says you’ll save money by eating at home, rather than going out to restaurants. But according to the Labor Department, grocery prices rose by 13.1% in July from a year before, whereas restaurant prices were up 7.6%. So is it now cheaper to dine out than eat at home?
Details: https://ktla.com/news/nationworld/are-restaurant-meals-really-cheaper-than-at-home/

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Increasing how much you cook at home is possible for everyone.  With some practice and some adaptations, you can make cooking at home work for you. Grab the Frugal Fresh Start Workbook (it’s free) and get started rocking your finances in the new year! https://pages.sixfiguresunder.com/ffs (includes PRINTABLE MENU PLANNER)

Frugal Fresh Start Challenge DAY 1– https://youtu.be/yS-f25OYIRY

Frugal Fresh Start Challenge PLAYLIST– https://www.youtube.com/playlist?list=PL5j_JRUCHA-LMXUiEPIuQQDKn95BlweTS

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#budget #money #debtfreecommunity
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