When young professionals practice the two week tally of expenses, they are usually shocked to find how much of their earnings go-to entertainment. The cost of eating out at restaurants and bars can add up quite quickly. One does not have to eat out at fancy 5-star restaurants to quickly be down 100 dollars. The average price of a meal can set you back a few day’s pay. When you consider that young professionals eat out 2-3 times per week one can see how quickly many of them end up in debt.
There are ways to have a good social life and save money. You will definitely have to cut down on meals and nights out but you will not have to cut down on fun. Consider having friends over for dinner and drinks instead of going out. This provides for a lovely social atmosphere at a fraction of the cost.
If you take 50 dollars as the average cost for a dinner for 2 at a restaurant, you can take that same 50 dollars and cook a great meal for 5 or 6 people. Your friends will enjoy being cooked for and your home provides quite a good social atmosphere. You will also have the added advantage of being in your own home and not have to endure noise and crowds from the outside.
Having friends over for dinner and drinks is a great way to cut back the costs and still have a social life. If you socialize with the same group of people, suggest taking turns. By doing this all of you will save on entertainment and enjoy some excellent times together.
See More: Teach Your Children Budget Saving Tricks