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Has the Credit Crunch Affected What You Eat?

It's hard to say how the credit crunch will affect the food world. The decadent prix fixe meals with multiple courses may become a thing of the past, but with more people cooking at home, recipes and high-quality ingredients will remain important. Our friends across the pond are also feeling the recession, and already predicting the future of recession cuisine.

According to the Guardian:

High-quality fresh produce is doing nicely, in some areas. Several online organic meat providers say that orders are well up, possibly because more people are eating at home. Yet organic egg sales were 18% down in September—proof, perhaps, that at nearly £4 [US$6.90] a dozen there is a limit to how far people will go.

As financial writers catalog the complete histories of Goldman, Lehman, and Bear Stearns, some food writers are already working on the Credit Crunch Cookbook.

Which food splurges are you willing to give up, and which will you hold onto?

Related
'Cupcakes' Trump 'Financial Crisis' in Google Searches
Economy Bad, People Eat More at Home, Food Magazines Prosper
Drinking Good Wines During Rough Economic Times

17 Comments:

I would guess that a lot of the people who read this blog aren't going to make huge concessions on food costs... this blog attracts foodies of course.

I bet people here might try to drive less, take fewer trips/vacations/put the thermostat down (in winter)/ and maybe reduce going out to eat somewhat.

Personally, I lease. I have done a decent job saving up over the last 2 years. I live in a state that is relatively shielded from economic downturns...so far, I haven't had to adjust my expenditures. If I did, I might drop the gym membership...might lower my "fun and game" allowance...but I guess I'm in an okay, if unpredictable, situation so I am not giving up any splurges yet. I need my $15-$20 on gourmet tea per month for research purposes! Seriously.

We always buy top quality produce and cheeses, and I am not willing to give that up. We are eating out less, but I have been splurging on food magazines and recipe books. Doing a little more cooking at home is probably good for most people anyway!

We've been eating out less, something we didn't do a huge amount of anyway, and I've been much more creative in reincarnating leftovers so nothing gets wasted. I haven't given up favorites; I've just gotten better at buying things in bulk when they're on sale.

In keeping with eating out less, people are ordering fewer (or smaller) special occasion cakes. The bakery I work at has been down lately (since gas topped $4). We do have regular customers, but their orders are smaller than years past. The orders are also not as elaborate (sheet cakes instead of tier cakes). Personally, I choose to bake at home where I can control what goes into my food. I do not have that control at work (where mixes and HFCS are the order of the day).

I've been eating out less during the week and cooking bigger meals so I'll have plenty of leftovers for lunch. I've also subscribed to more food magazines and increased my cookbook collection a bit like others. I try and keep myself to a budget for grocery shopping so I haven't been hit there much yet. The one splurge I won't give up is my matcha for lattes and smoothies. Its not terribly expensive and it keeps me from going to places like Starbucks. Most everything else (not essential) is already fair game to give up.

I add more options to my meal planning to buy what's on sale when shopping. For example, instead of saying we'll have filet mignon Sunday, and Shrimp Pasta Tuesday, etc. etc. I'll see what's on special, and pick 4 or 5 different meal options so I know what else to buy to change course .

Also instead of filets I've been buying ribeyes, flat irons, sirloins, and a lot more pork chops and chicken breasts and getting more creative with what I make. I'll use sirloin to make stroganoff or stir-fry, instead of buying 4 steaks, I can use 2.

I shop at different stores now, our local chain is ridiculously expensive, so I've chosen to shop out of town at a place that has great gas rebates and better prices, as well as stocking up at Trader Joe's and Whole Foods every 2-3 months (3 hour drive for me). I know the price spent on gas driving to these places still comes in less than if I were to do all my shopping at one expensive store.

Lastly I've started using coupons, stocking up on sale items to keep in the pantry, and really depending on the farmer's market for all my weekly produce at great savings. This is the first year we've been freezing farmer's market goods so that we can enjoy them in the off season, and not spend extra money buying shipped in goods at the stores.

We are eating out less, but we're eating out at better restaurants, i.e. the ones that we *want* to eat at, where we're willing on spending $100 on the 2 of us for a night of epicurian pleasures. We understand that when we choose some place that's "less than," we're giving up something that could be so, so much better.

I have started packing lunches instead of picking up something for lunch. It actually saves a lot of money. I'm also thinking of buying a small chest freezer so I can stock up on stuff that can be frozen when it's on sale.

I've actually always preferred to shop at the farmer's market for produce (though the one I like is now 40 minutes away so I can't go every week), and I've been buying meat to freeze either from the farmer or when it's a good price. My mom and I were talking the other day about how many people don't really know how to prep their own food and instead spend a lot of extra money to buy easily prepped things- like baby carrots and pre-sliced cheese. Go ahead and buy them if you want to spend the money there, but you can get a lot more carrot for the same price if you cut it yourself, and you can get a lot better cheese if you slice it yourself rather than buying prepacked slices.

I haven't made any changes. In my house we've always eaten leftovers, and rarely eaten out, and packed our own lunches. Of course I'm Canadian so our economy isn't tanking at the moment.

Being a recent retrenchee, I'm eating out a lot less at restaurants and buying less gourmet items like expensive cheese, wine, and good cuts of meat, ham, and sausages. It's probably better health-wise. I won't compromise on choosing brown rice and whole wheat which are always more expensive than the white varieties. And fruit — it's pretty pricey in Tokyo, but I still make an effort to have a fruit a day.

its partly economy but mostly health considerations, but we eat alot less meat than we used to, mostly i add meat for the flavor and make the bulk of the meal vegetables and grain. Lots of lentils and beans, as an added bonus, when we do have a large piece of meat (steak usually) i dont feel guilty spending the extra to buy good quality. also the SO and i have lowered our "bad" cholesterol by 30 and 20 points each while still having bacon and beef. ;-)

We have stopped buying gourmet coffee. We switched to Folgers a few weeks back.We have also stopped going out as much on the weekends. We try to limit ourselves to one night only.

As financial writers catalog the complete histories of Goldman, Lehman, and Bear Stearns,

Erin, in general I think you are brilliant but these three companies do not belong grouped together.

The lack of discernment is understandable, though. You are geographically based in Washington DC . . . yes?

The three of those companies stuck together is like a truffle in a salad with two rotten tomatoes.

Sorry. Meant to answer the question. No. The credit crunch has not affected what I eat.

The credit crunch hasn't affected what I eat, but the way I eat has changed, including eating out. I want good quality food and it doesn't matter to me if it's meat or veggies and beans. I'm enjoying eating, as well as cooking, more than I have in years.

You know, the crunch has probably affected what I eat only slightly, and in a subconscious manner. For me, it came along with some other major life changes, and that probably made some things (i.e., eating at home more) less noticeable. I'm still shopping at my favorite food coop instead of the cheaper supermarket - fresh, local, and trustworthy food is something that I'm not willing to give up. (Hmmmm, that could be an interesting future story - will rising costs force scary compromises in quality?)

I AM looking at the cheaper cuts of meat, and I'm less likely to experiment with something exotic that might not work out. I'm also shopping more often, buying only what I need. And I'm reusing leftover bits to create future meals - the meat and veggies that would once have been a snack, or more likely end up in the garbage, are now becoming fried rice, or stuffed peppers, or chili.

like devlyn, i don't eat out unless it's a fantastic restaurant.
otherwise, i've cut back on just about everything else, so i don't have to skimp on my food and groceries.

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