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Why You Shouldn’t Bother Cooking Your Own Food To Save Money

Updated: 02/24/2023 by Financial Samurai 281 Comments

Why You Shouldn't Bother Cooking Your Own Food To Save Money

Thinking about cooking your own food to save money? I’m here to say that always cooking your own food is a suboptimal use of your time. Instead, use the time you would have spent cooking to make more money instead.

One of the most common pushbacks from my series of income posts ($200,000, $300,000, $500,000, $1,000,000) is that the food budget is too high.

Some readers get apoplectic if a household of three is spending $1,500+ a month or a household of four is spending $2,000+ a month. Yet, look at what the rich and powerful do. California Governor Gavin Newsom was spotted in the middle of the pandemic eating at The French Laundry, which costs about $500 per person.

If you want to get rich, you might as well follow what the rich do. And the rich don’t cook their own food. They get other people who make less money than them cook for them.

People Who Are For Cooking Your Own Food

Here are some comments from my household budget posts that show how angry people are about my food expenditure assumptions.

“Who pays $2,100 month for food! That’s so ridiculous. Maybe they’re buying all the avocado toast”

“HOW much are they spending on food in a month?! Oh, just as much as some family’s entire income. Cool.”

“$70 a DAY for food for 4 people????? They’re spending $500 a week on food???? I spend $60 a week for 1 person!!!”

“I’m literally upset if I spend more than 10 bucks a day on food. Spending around 30 is legit luxury.”

“And 70$ a day on food? What kind of spread are they spending on? These kids need to learn what a grilled cheese sandwich tastes like. I’m all for good food, but have these people heard of coupons or Aldi?”

The greatest irony is that over 70% of Americans are considered overweight today. Meanwhile, ~40% of Americans are considered obese. Yet today, 82 percent of the meals Americans eat are prepared at home, according to research from NPD Group Inc.

Share of adults around the world who are overweight - Why You Shouldn't Bother Cooking Your Own Food To Save Money

Cooking Your Own Food Is Unhealthy

Like hello, if 70%+ of Americans are overweight and will likely die earlier than they should as a result, perhaps these food budget complaints have no merit. Perhaps cooking your own food is not only a suboptimal use of time, it is also unhealthy!

Add on the fact that the typical American has less than $100,000 saved for retirement, and maybe we definitely shouldn’t care what other people think when it comes to how much we spend on food.

These articles, which are sometimes syndicated, have been read by millions. Therefore, the feedback is a true reflection of the American public majority who aren’t very healthy.

In this article, I’m going to argue why cooking your own food more than 50% of the time to save money is a suboptimal financial decision. I’m sure I’ll get a lot of complaints, but hear me out. Remember it’s always good to see the other side.

Why Cooking Your Own Food Hurts Your Finances

1) Your time is valuable.

It doesn’t make much sense to come home from a long day’s work and spend an hour cooking a rubber chicken dinner. You should be using this time to unwind, play with your kids, work on your side hustle, start a blog, or make more money at your job.

Calculate how much you make an hour. Now multiply that hourly rate by how long it takes you to cook a meal. This is the true cost of your meal.

2) Your marriage is valuable.

Unless you make cooking together a fun activity, spending time cooking while your partner is doing something else, like sitting on the sofa watching TV, may be harmful to your relationship. In fact, the person slaving over the stove might start resenting the partner who is doing something else.

Roughly 50% of married couples divorce. Do not underestimate the level of resentment the person doing most of the household activities may have for the one who isn’t. Resentment is one of the key reasons for divorce!

3) Your toddlers grow up quickly.

Let’s say you come back from work at 6 pm after leaving the house at 7 am. Your young children leave for school at 7:45 am (partner drives) and go to bed by 8:30 pm. After not seeing your little ones all day, do you really want to then spend more time away from them by cooking once you get home? Of course not.

A loving parent would muster up his or her remaining energy to spend time with their children. Besides you’re not going to willingly invite toddlers into the kitchen while cooking over a hot stove due to the risk of injury.

The average amount of time spent with our kids is very low. We’re talking 120 minutes on average for college-educated mothers and just 80 minutes a day for college-educated fathers. Supposedly 80%+ of the time parents spend with their children is complete by the time they are 18.

As older parents who are financially independent, the positive is we can actually spend more time with them than if we were younger and working. We plan to make up tons of lost time for having kids 3-5 years later than planned.

Horse around with my boy for an hour or cook?

4) You aren’t a professional cook.

The reason why you go to a doctor when something is wrong is that the doctor has had years of specialized training. You may be able to self-diagnose by Googling, but it’s probably better to see someone who treats big boils all day long.

Not only are you losing an hour of your time preparing a meal, but your meal won’t taste as good as one prepared by someone who professionally cooks meals for a living.

5) You’re too generous with the ingredients.

If most people eat at home to save money and also believe that cooking at home is healthier, there has to be a problem with the way we cook given most Americans are overweight. Home cooks are likely adding too many unhealthy ingredients to their food preparations.

It’s obvious we’re cooking and eating too much food as well. At least with food delivery and restaurants, they portion out their meals so you don’t eat too much. They’ve got their profit margins to protect.

Obesity percentage in America

6) You might feel pain.

Think about all the times you’ve sliced a finger, felt your eyes burn chopping onions, or splattered boiling water on your hand when you dumped ravioli into the pot too enthusiastically. Ouch!

Some injuries take weeks to heal. Feeling pain, even if it’s only once out of every 10 times you cook, isn’t a very good value proposition. Injuring yourself is one of the biggest reasons why I don’t like to regularly cook. Pickleball is too much fun to miss!

7) You need your hands to play and earn.

Sometimes, you might feel way more than just pain when you cook. You might injure yourself to the point of immobility. If you slice your index finger, you won’t be able to effectively swing a racket or a bat for at least a couple of weeks.

What if you accidentally pound your thumb while you’re pounding meat? Any type of work that requires typing will be extremely uncomfortable. If you slice a tendon, your manual labor job might be at risk.

Why you shouldn't bother cooking at home to save money
1 out of 20 times you might slice your finger

8) Food delivery apps are in abundance.

Since 2009, there have been a plethora of new food delivery apps to use. These apps have effectively infiltrated your city’s best restaurants and now offer every type of food you can think of.

You want artery-clogging, artisan double cheeseburgers? They’ll be at your doorstep in 45 minutes or less. You want a quinoa salad with a side of celery? No problem.

You can order as healthy as you want. Stop using the excuse that food delivery is unhealthy. To not take advantage of technology would be a shame.

Why You Shouldn't Bother Cooking Your Own Food To Save Money
You’re not going to get fat eating seared ahi tuna, mango, and avocado for dinner

9) Going out to eat spices things up.

Food is one of the best ways to bring people together. Not only can you take your partner out on a romantic date, but you can also invite your family and friends out to bond.

If you pay for the meal, the other side will greatly appreciate it and may potentially provide a much greater reward in the future.

10) No need for cleanup.

Not only do you not have to spend time preparing your food, by ordering delivery or going out to eat, but you also don’t have to spend time cleaning up after yourself either. Less cleanup means less money spent on sponges, more room for trash, and a longer life for your furniture.

Obesity Charts In America for Men And Women

11) No need to spend as much time grocery shopping.

Nobody loves to grocery shop. It’s all about coming up with a list and getting in and out as quickly as possible. Grocery shopping is like doing a chore because you’ve got to drive to the grocery store, look for the items, wait in line at the cash register, and then drive home.

Hopefully, you don’t get an annoying door ding in the parking lot or a ticket either. Door dings can easily cost thousands to fix or are unfixable. Thankfully, there are apps to now delivery grocery for you. We use Amazon Prime and Amazon Fresh.

12) You’re not out there winning business.

If you are in a marketing or sales role, then it should be your mission to go out to eat with as many clients and prospective clients as possible. Your firm should pay for all your meals and entertainment outings. If you want to save money, order extra and bring leftovers home.

Even if you have to pay for the food yourself with a dining rewards card, you should actively take interesting people out each week who can boost your network. We’re in one of the biggest bull markets of our lifetime. Now is the time to press as much as possible.

13) You fall into a scarcity mindset.

One of the most important ways to get wealthy is by adopting the abundance mindset. If you constantly think that by spending time getting groceries and cooking at home will help boost your net worth, you’ll develop a scarcity mindset.

Once you have a scarcity mindset, it’s difficult to break out. You’ll start shouting at the internet and blaming other people for why you’re not wealthier, rather than take action to earn more.

Below is a chart that highlights the median and average 401(k) balance by age in America versus my recommended 401(k) amounts by age. Take a guess who has the scarcity mindset versus the abundance mindset? To build wealth, you’ve got to aggressively go out there and earn. Think bigger!

The Latest 401(k) Balance By Age Versus Recommended Balance For A Comfortable Retirement

Cook At Home In Moderation

By cooking at home, you can only save so much money. Yes, cooking is great if you enjoy cooking and are a great cook. If you are a stay at home parent, then, by all means, develop your cooking skills to provide for your family.

But even if only a few of the items pertain to you, I still say it’s better to spend more time ordering delivery or eating out, than it is to cook at home. There are plenty of health conscious restaurants and vendors today too. And whether you spend 51% bringing food home or 80%, that’s up to you.

Why You Shouldn't Bother Cooking Your Own Food To Save Money

Time Gets More Valuable As You Age

As you get older, your number one goal should be to win back as much time as possible to do the things that bring you the most happiness. To build wealth, you also want to allocate your time where you can earn the most amount of money.

For example, let’s say I spend one hour preparing food a day. If I decide to completely eliminate cooking, I will free up 365 hours a year. With so much extra free time, I could write 182 new articles, which would fill up more than a year’s worth of content. Damn, I’m never cooking again!

If you want to cook at home, do so during the holidays. No homemade meal feels better than during Thanksgiving or Christmas. Now those are special times where cooking at home is absolutely encouraged.

Cook for joy or cook for love. But don’t bothering cooking your own food for the main purpose of saving money. Instead, cultivate an abundance mindset to build your fortune. Your time is extremely precious, especially if you have children and the older you get.

Cooking during the pandemic: Cooking at home to save money is more beneficial now because we’re all stuck at home more often due to the pandemic. At the same time, time has become even more precious for households with young children not in school. Therefore, our family decided to order mostly take out to save time.

Please utilize your time at home to build an online business, work on your X-Factor, or look for new consulting or employment opportunities. Within the privacy of your own home, you can take more risk exploring new opportunities. As the economy opens up, you want to be ready to go!

Recommendation To Build Wealth

Now that you know the downsides of cooking your own food, it’s time to put your new wisdom to good use. Sign up for Empower (previously Personal Capital), the web’s #1 free wealth management tool to get a better handle on your finances.

The more you can stay on top of your finances, the better you can optimize your finances. After you link all your accounts, use their Retirement Planning calculator. It pulls your real data to give you as pure an estimation of your financial future as possible using Monte Carlo simulation algorithms.

I’ve been using Empowerl since 2012. In this time, I have seen my net worth skyrocket thanks to better money \management.

For more nuanced personal finance content, join 60,000+ others and sign up for the free Financial Samurai newsletter. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.

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Filed Under: Budgeting & Savings

Author Bio: I started Financial Samurai in 2009 to help people achieve financial freedom sooner. Financial Samurai is now one of the largest independently run personal finance sites with about one million visitors a month.

I spent 13 years working at Goldman Sachs and Credit Suisse (RIP). In 1999, I earned my BA from William & Mary and in 2006, I received my MBA from UC Berkeley.

In 2012, I left banking after negotiating a severance package worth over five years of living expenses. Today, I enjoy being a stay-at-home dad to two young children, playing tennis, and writing.

Current Recommendations:

1) Check out Fundrise, my favorite real estate investing platform. I’ve personally invested $810,000 in private real estate to take advantage of lower valuations and higher rental yields in the Sunbelt. Roughly $160,000 of my annual passive income comes from real estate. And passive income is the key to being free. With mortgage rates down dramatically post the regional bank runs, real estate is now much more attractive.

2) If you have debt and/or children, life insurance is a must. PolicyGenius is the easiest way to find affordable life insurance in minutes. My wife was able to double her life insurance coverage for less with PolicyGenius. I also just got a new affordable 20-year term policy with them.

Financial Samurai has a partnership with Fundrise and PolicyGenius and is also a client of both. Financial Samurai earns a commission for each sign up at no cost to you. 

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Comments

  1. Dave says

    December 13, 2022 at 12:58 pm

    Communal kitchens where everyone shared cooking responsibilities would be ideal. We have to move away from everyone having their own personal kitchen, cooking for 1-4. It’s highly inefficient and doesn’t make sense that the whole country continues doing this, as if we’re living in 1820.

    I agree we should all eat out, but the “eating out” options now are unhealthy or expensive (or both). I want to eat foods recommended by the USDA, MyPlate, normal kind of foods. So for example, yogurt with fruit, or baked chicken with a salad and raw veggies. I don’t want to have to go way out of my way, so your system only works in the downtown of a major city.

    Eating out would easily cost a family $4000 per month if I were to continue eating the quality & diverse foods I eat now. For dinner I like fresh veggies, broiled fish, and roasted chicken. This means nearly all restaurants are out (they’re too unhealthy). Looking at entrees from restaurants, you’ll easily spend $50 for a family dinner each night. Just dinners alone would be $1500 per month. I refuse to eat “cheap” because this usually means unhealthy (e.g. too much sodium or saturated fats).

    $4000 per month just isn’t viable unless you’re pulling in some extreme income.

    Reply
  2. Caroline says

    July 1, 2022 at 10:59 am

    I made cooking my hobby. I buy a lot of BOGOs and look for meat deals, freezing for later. Last night, I made a quick bechamel sauce and used it to coat microwaved frozen vegetables before baking. I served it with flounder I buy in bulk from Costco that I dredged in flour and quickly cooked with butter and lemon juice. It was delicious and as good as I have had in any non-Parisian restaurant. At the same time, I made bread in my Goodwill bread machine, and soup from all of my leftover vegetables in my instant pot (carrot, apple, onion, curry, ginger). I probably spent 30-45 minutes total putting everything together for multiple meals.

    Reply
  3. Levent says

    March 1, 2021 at 7:04 pm

    I live in Turkey. 1 Meal costs around 25 TL (3.5 USD) so if I eat out in the evening and night, I would only spend $7!! That brings the total cost to 210 USD for eating out every day. (Except morning) I do prepare my breakfast myself which is very easy to do!

    It saves a ton of time for me! I feel great not thinking about what to cook etc. I understand this might not be suitable for everyone but for me, it’s a really great option.

    I live in a small area so the food is very local and people who make the food are trustworthy, we have a good relationship. I will be eating out as much as I can. Maybe If I get into a relationship, it would be great to cook at home with my future gf/wife for fun but as a solo male, it’s just a waste of my time to try and cook at home for now.

    Reply
  4. Chris Pederson says

    December 30, 2020 at 9:05 am

    Wow, I never thought about how cooking your own food is a suboptimal use of my time and unhealthy. I never thought about it that way before because I was always taught it was the better option. I’ll talk to my wife about adjusting our budget to eat out more.

    Reply
  5. Elena Fernández Guiral says

    November 24, 2020 at 1:11 am

    Cooking is one of the things that makes me happier even more in confinement times. I prefer dining out less often in more interesting places. Doing your grocery shopping gives you full control over what you put into your mouth and I am not giving up on this.

    Reply
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