However, cheap lunches abound. So do other easy ways to save money and get out of debt.

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Part of my job is rummaging through a dozen or so weekly reports and polls about the financial woes of Americans. For example, first-time home-buyers have dropped for the third consecutive year, and 80 percent of the country believes “it is harder to be middle-class today than it was 25 years ago.”

However, that wasn’t the most depressing news I read this week. This is: Americans Report They Spend an Average of $2,746 on Lunch Yearly.

Why would this news concern me when only 41 percent of employees “see health care as affordable five years from now” and only one in five workers are “on track to retire at age 65”?

My answer is simple: Most financial problems are complex and require expert help to solve. That’s why is here — to provide free consultations on a slew of expert debt solutions.

Eat out less

Lunch, however, is an easy way to save money. You don’t need a CPA like me to advise you. That’s why these conclusions of a survey commissioned by Visa disturb me so much…

  • Workers spend an average of $53 a week on lunch.
  •  They “purchase lunch from a restaurant an average of nearly twice a week.”
  • 1 percent “reported spending more than $50 per lunch on average or more than $9,000 a year.” While you might guess this 1 percent is wealthy, in my experience, that’s not the case.

Then there’s this result I just can’t fathom: “Unemployed Americans reported purchasing lunch out more than once a week on average, spending over $15 on average weekly.”

Make sure you have your lunch purchase is factored into your food budget. You don’t need to “brown bag it”every day with a PB&J, but maybe there’s a new cheap eats place you could check out.

Grocery shop smarter

In my second book, Power Up: Taking Charge of Your Financial Destiny, I dedicate six pages just to grocery shopping and frugal eating. In fact, I tell the story of one client of mine who lost her job at the same time her son suffered an accident that required expensive medical treatment.

While she used a number of tactics to make ends meet and stay out of debt, shopping smart and having a food budget was a potent one — because we all need to eat, and eat often. As I wrote…

She makes a very detailed shopping list and sticks to it. Her previous routine of buying coffee every morning has been replaced by drinking coffee at home from a coffeemaker she found at a yard sale for $3 — and it was still in the box, not used. Once or twice a month, she and the family go to a local pizzeria that offers large pizzas for $7.99. It feeds everyone, and they order water with lemon. The extra savings allow them to give the waitress a slightly higher tip. The wait staff remembers them, and their service reflects it. You see, she isn’t being cheap, she’s being smart and frugal.

Here’s the fascinating moral to the story: Even though my former client found a new job and is back on her financial feet, she still practices the frugal living she was forced to do when she was suffering. Why? Because like I said, it’s just smart.

How much is your food budget costing you?

Howard Dvorkin is a CPA and chairman of, an educational resource for those who want to conquer all forms of debt in their lives.

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About the Author

Howard Dvorkin, CPA

Howard Dvorkin, CPA

I’m a certified public accountant who has authored two books on getting out of debt, Credit Hell and Power Up, and I am one of the personal finance experts for I have focused my professional endeavors in the consumer finance, technology, media and real estate industries creating not only, but also Financial Apps and Start Fresh Today, among others. My personal finance advice has been included in countless articles, and has appeared in the New York Times, the Washington Post, Forbes and Entrepreneur as well as virtually every national and local newspaper in the country. Everyone should have a reason for living that’s bigger than themselves, and besides my family, mine is this: Teaching Americans how to live happily within their means. To me, money is not the root of all evil. Poor money management is. Money cannot buy happiness, but going into debt always buys misery. That’s why I launched I’m glad you’re here.

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