Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: United States Big Mac Index
Old 07-30-2006, 04:23 PM   #41
Thinks s/he gets paid by the post
free4now's Avatar
 
Join Date: Dec 2005
Posts: 1,225
Re: United States Big Mac Index

That "Ghetto Cheeseburger" reminded me of my college days. A snack bar sold "Chili Nachos" for $2.00 which consisted of Nachos, chili, lettuce, and tomato. I found that by ordering Nachos for $1, extra chili for $.30, extra lettuce for $.25, and extra tomato for $.25, I got the same thing and saved twenty cents.

There were all kinds of pricing inefficiencies, like the way the salad bar charged by the pound for any ingredient. I would go in and shovel out a pound of cheese from the salad bar and pay just a couple of bucks for it.

Ah, those were the days.

BTW, McDonalds does sell beer in some European locations. And many European McDs have "McCafe" which is like a starbucks attached to the main restaurant.
__________________

__________________
free4now is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: United States Big Mac Index
Old 07-30-2006, 04:26 PM   #42
Thinks s/he gets paid by the post
free4now's Avatar
 
Join Date: Dec 2005
Posts: 1,225
Re: United States Big Mac Index

I have to agree that alacarte is the way to play fast food restaurants. Ordering a couple of sandwiches and a salad from the $1 menu (along with a water) gives a vaguely nutritious meal for much less money than the bloated "value" meals.
__________________

__________________
free4now is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-30-2006, 05:03 PM   #43
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: United States Big Mac Index

i prefer burger king...i like the way it shows those whip marks where the jockey hit it
__________________
mathjak107 is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-30-2006, 05:32 PM   #44
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: United States Big Mac Index

Quote:
Originally Posted by free4now
That "Ghetto Cheeseburger" reminded me of my college days. A snack bar sold "Chili Nachos" for $2.00 which consisted of Nachos, chili, lettuce, and tomato. I found that by ordering Nachos for $1, extra chili for $.30, extra lettuce for $.25, and extra tomato for $.25, I got the same thing and saved twenty cents.

There were all kinds of pricing inefficiencies, like the way the salad bar charged by the pound for any ingredient. I would go in and shovel out a pound of cheese from the salad bar and pay just a couple of bucks for it.
Heres a pricing inefficiency that works the wrong way. Maybe its just around here.

Burger king special thats been on their sign for the last 5 years: cheesburger 49c. Double cheeseburger 99c.

You order two cheeseburgers, you get two patties, two pieces of cheese, two buns, and two sets of condiments. You order a double cheeseburger, and for 1c extra you get only one bun and one set of condiments.

Speaking of specials, my dad told me a good story the other day. He goes to this hot-dog-in-a-pretzel place at the mall, and they have a sign up "todays special: blah blah dog and a blah blah drink". So he asks "how much is the special?". "The price thats on the menu.". "Then why is it a special?". "Well, we make more of the specials because more people order them when we have them as a special. But they're the same price".


__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-30-2006, 08:32 PM   #45
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: United States Big Mac Index

Quote:
Originally Posted by free4now
BTW, McDonalds does sell beer in some European locations. And many European McDs have "McCafe" which is like a starbucks attached to the main restaurant.
There are mcCafes in USA too. Raleigh is a test mkt, and in fact, there is one about a mile from work. I've heard it is very similar to starbucks in quality, lower on the price, with a more upscale atmosphere. I had a cinnabon from there - best one from a fast food joint I've had.
__________________
justin is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-31-2006, 10:37 AM   #46
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: United States Big Mac Index

Quote:
Originally Posted by Cute Fuzzy Bunny
Heres a pricing inefficiency that works the wrong way.* Maybe its just around here.
My FIL grew up in the 1940s Bronx and worked many hours at his father's grocery store.

One of their biggest sellers was "Bananas:* 8 cents each, three for 25 cents".

You would think that savvy Bronx shoppers would spot the price break in a microsecond, but the vast majority of the grocery store's sales were 3 for 25.

Never underestimate the laziness or ignorance of the American consumer...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-31-2006, 11:00 AM   #47
Full time employment: Posting here.
 
Join Date: Feb 2006
Posts: 784
Re: United States Big Mac Index

I'm not sure how universal it is, but I've noticed at grocery stores that show the price/volume that the order of cost is usually: (from highest to lowest)

1. Mini-packs, or the smallest size of any product.
2. Super-mega-family-size.
3. Regular.

I guess they figure there's a volume discount for going from the small to the medium, but by the time you get to the huuuuge size you're mostly selling to moms with half a dozen kids hanging off their cart, making lots of noise, and the task is just to get the food and get out of there asap without anything breaking or exploding, with no time to check the cheapest prices, so you can charge more and they'll still buy it.
__________________
Cool Dood is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-31-2006, 11:00 AM   #48
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: United States Big Mac Index

Quote:
Originally Posted by Nords
My FIL grew up in the 1940s Bronx and worked many hours at his father's grocery store.

One of their biggest sellers was "Bananas: 8 cents each, three for 25 cents".

You would think that savvy Bronx shoppers would spot the price break in a microsecond, but the vast majority of the grocery store's sales were 3 for 25.
Wow. I checked the walmart receipt yesterday - bananas - $0.09 each. 12.5% inflation after 60 years? If only I were a monkey and could live off of bananas...
__________________
justin is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-31-2006, 11:08 AM   #49
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: United States Big Mac Index

Quote:
Originally Posted by justin
Wow. I checked the walmart receipt yesterday - bananas - $0.09 each. 12.5% inflation after 60 years? If only I were a monkey and could live off of bananas...
One thing good about being a monkey is that you can pick stocks just as elegantly as a Wall-Street pro who gets 6-figure salary + year end bonus.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-31-2006, 11:51 AM   #50
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Re: United States Big Mac Index

Quote:
Originally Posted by justin
Wow. I checked the walmart receipt yesterday - bananas - $0.09 each. 12.5% inflation after 60 years? If only I were a monkey and could live off of bananas...
So justin, you might have just slipped into a new ER budgeting loop-hole here... If I could become a fruitarian, or better yet, a bananararian, I could stop indexing my food budget for inflation and boost my SWR? 8) Either that or move to central america and just pick them out of the back yard for free...

Hey, worse rationalizations have been invented to justify ER a little earlier than planned!
__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-31-2006, 12:06 PM   #51
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 473
Re: United States Big Mac Index

Quote:
Originally Posted by justin
Wow.* I checked the walmart receipt yesterday - bananas - $0.09 each.* 12.5% inflation after 60 years?* If only I were a monkey and could live off of bananas...* *
At one point I looked up government inflation stats by industry. Some of the numbers looked like they didn't even belong in the same table.
__________________
Scrooge is offline   Reply With Quote
Re: United States Big Mac Index
Old 07-31-2006, 12:11 PM   #52
Full time employment: Posting here.
shiny's Avatar
 
Join Date: Jun 2005
Posts: 673
Re: United States Big Mac Index

Have you ever seen the prices for "Monkey picked tea"? You could have a good job as well!
__________________
I'm made of atoms, you're made of atoms, and we're all in this together. Ben Lee
shiny is offline   Reply With Quote
Re: United States Big Mac Index
Old 08-01-2006, 12:34 PM   #53
Full time employment: Posting here.
kaudrey's Avatar
 
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 941
Re: United States Big Mac Index

Well, I can't remember the last time I ate at McDonald's, but my BF does, and he said Big Macs at the McD's down the street from us in Alexandria, Virginia, costs $2.49.

I prefer Wendy's.
__________________
Two roads diverged in a wood, and I - I took the one less travelled by...
kaudrey is offline   Reply With Quote
Re: United States Big Mac Index
Old 08-01-2006, 12:54 PM   #54
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: United States Big Mac Index

Another benefit of ER, you have the time to cook at home. Made up some awesome sirloin cheeseburgers for everybody on Saturday for a lot less then $2.49 each!

I love it when the morbidly obiese couple in front of me order the Triple Cheeseburgers with biggie fries and a DIET coke. A for effort, guys!

I really can't stand McDonalds, I'm a Burger King/Carls Jr./Wendy's guy.
__________________
laurence is offline   Reply With Quote
Re: United States Big Mac Index
Old 08-01-2006, 03:05 PM   #55
Thinks s/he gets paid by the post
 
Join Date: Jun 2004
Location: No. California
Posts: 1,600
Re: United States Big Mac Index

I just drove my a McDonalds this morning, and it had a sign painted on the window.

2 Big Macs/$3.00. I haven't eaten at a McD in years. Is the Big Mac as good as a BK Whopper?
__________________

__________________
KB is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
class in the united states Martha FIRE and Money 96 05-25-2005 04:04 PM
Investment Idea: Big Mac Index brewer12345 FIRE and Money 5 03-30-2005 03:54 PM
S&P 500 Asset Class question Cut-Throat FIRE and Money 1 12-30-2003 08:54 AM

 

 
All times are GMT -6. The time now is 05:28 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.