It’s a simple formula.
What is the value of your time per hour and how may hours does it take to buy, prepare and clean up the kitchen after your meal.
Add the cost of your ingredients for the meal.
Compare that to the cost of going out to eat.
Now, suppose your time is worth $50.00 an hour, that meal that your spend three hours purchasing and preparing is costing $150.00.
I can eat a nice meal at a restaurant for less than $150.00.
“”It’s a simple formula.
What is the value of your time per hour and how may hours does it take to buy, prepare and clean up the kitchen after your meal””
If you are watching TV then your time is worth less than nothing, you would be making/saving money by using that kind of time cooking, and the activity is good for you.
Three hours purchasing and preparing? Lol. No way.
That would also mean 3 hours of Xbox also costs $150. An hour of showering and picking up the bathroom …. $50. An hour of posting on free republic and twitter…. $50.
all of what you say is true, but i’d add a couple of caveats:
1. make sure the prepared food you buy is healthy
2. cooking yourself is especially valuable IF you have the both the time to cook AND find the time spent cooking a rewarding and creative endeavor ... the same thing can be said of any home repair activity as well vs. hiring and paying someone else to do it ...
“I can eat a nice meal at a restaurant for less than $150.00.”
I go out to eat virtually every meal and around $18 is the most I’ve ever paid. $7 is the average up from $5 a few years ago.