Last night I was out having dinner at a diner-style restaurant with my good friend whom I had seen in quite a while, and when the waitress came by to take our orders I asked if I could order off the kid’s menu. The menu clearly states that it’s only for kids age 10 and younger, but I figured it wouldn’t hurt to ask. After all, that kid’s meal had everything I wanted in my breakfast for supper meal anyhow: pancakes, bacon, and eggs.
If I was able to order this off the kid’s menu rather than the “regular” menu, I’d save some money and I wouldn’t be wasting any food. The kid’s meal was only $3.99 vs the $7.50 of the adult version and still had about 80% of the amount of food. The adult version is always too much for me anyway.
To my surprise, the waitress said I could order off the kid’s menu!
What does this have to do with personal finance (besides my $3.50 savings)? Well it got me thinking about the portion control problem we have in the United States.
We have a huge problem with portion control in our country, and I don’t just mean with food portions. Our cars, houses, and need for “stuff” has grown out of control. This constant need to acquire more, bigger, and “better” stuff has led to our other portion control problem: debt.
Don’t believe me? Research shows that the total of U.S credit card debt is around $739.1 billion dollars. No, that’s not a type-o, it’s billion with a B. The average credit card debt per household is $15,799.
So what do we do about it? Here are some ideas I came up with while I was pondering all these facts.