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Updated July 2008: New post |
FOOD FOR THOUGHT HOME Why cook? Isn't it easier to eat out? How much am I really going to save by cooking? I'm the anti-chef! How do I get started? Rotten strawberries, sour milk and a DVD player Sell the sizzle *and* the steak How to add flavor to a dish 5 S's of wine tasting Wine basics: Can't tell Cabernet from Cranberry? Recipes are like contemporary furniture Quick n' easy Shrimp appetizer for any party How to kill monotony in the kitchen Summer relief: Mango lassi & Mango milk shake What is comfort food? Secret to a really flavorful dish: Mop it up! Crepes: versatile, yummy, impressive and painfully easy Simple dessert with 3 ingredients Low-fat option for your Super Bowl party Fresh fruit salad - sweet, crunchy, creamy and delicious Breakfast is served! |
How much am I really going to save by cooking? Let's do a little math shall we? If you're an average professional who eats out about 5 days a week, you're probably spending about $8-$10 on lunch and $10-$16 on dinner everyday. Adding other expenses like coffee, snacks, etc., you're spending about $25/day or $125/week or about $500/month. Now consider the flip side. If you cook at home instead, yes, you will incur a larger up front cost of buying ingredients, but these ingredients will last for several meals. For example, say you're in the mood for pasta. So you buy two types of ingredients: (1) those that go into making the sauce and (2) your favorite kind of pasta. For a sausage and mushroom sauce, you buy 1.5 lbs hot italian sausage, shitake mushrooms, onion, green peppers, garlic, tomato paste, fresh italian parsley, chicken or vegetable stock, a bottle of affordable cabernet, grated italian cheese and your favorite spices. For the pasta, let's say you pick up a packet of fettuccine. Seems like a lot of expense, but let's break it down:
The SPEND column in the table above refers to the money you will spend at the grocery store for all the ingredients noted above. However, keep in mind that you're only going to use a portion of these ingredients to make your pasta dish -- the proportional costs for making just the dish are noted in the DISH column above. With the example above, it cost you $14 to make a fettuccine pasta dish with a sausage mushroom sauce with wine. Notice further that this dish will easily make 3-4 servings, bring the cost of a single meal to somewhere between $4 and $5. A similar meal at a restaurant would have cost you way more than $10 with tax and tip. Cooking at home just saved you at least 60% of that amount. Being a business school student, I must qualify that I have not accounted for another type of cost here called the opportunity cost, which refers to the cost of missing the opportunity to do to something else during the time you spent preparing this dish. The dish will take you about 30 minutes to prepare. If you lead an extremely busy lifestyle where you could have made $100 in that same time, then I agree, it might not make monetary sense for you to spend that same time in the kitchen. But if you can afford to spend the time, cooking at home will easily save you about $250/month, in other words, cut your spend in half. For a whole year, that's more than $3,000. Convinced? |
| © Vineeth Subramanyam 2006 |