41% of Meals are “Out of Home”

In a recent credit.com article that we were asked to write, during the research phase for the article, we stumbled on to some interesting facts from Bureau of Labor Statistics Consumer Spending Survey.

This from the article ….

What is not showing in the BLS graph is the breakdown of at home and away from home food. According to the same 2014 BLS report a whopping 41% of our TOTAL food costs are away from the home. This is a stunning number. Eating out is fun but rarely as healthy or as cost effective a way to spend your monthly income. Staying at home, planning in advance, eating healthy, and spending time with family or friends may be a great way to lower that bulging food budget.

YIKES !!!

BLS quartiles spending graph

We are including the full article in our Newsletter, which is in the works. My family hates this discovery  … the belts have been tightened .. financially and physically (for not eating out.) It’s not easy !

How much do you and your family eat out ? Might be more than you think !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

What are your thoughts ??

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s