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Who Is Picking Up the Tab? 10 Tips to Save Money on Your Next Business Trip Slideshow

Who Is Picking Up the Tab? 10 Tips to Save Money on Your Next Business Trip Slideshow

iStockphoto / Thinkstock

Lunch prices are 20 to 30 percent less than dinner prices in most places, according to Tim Zagat, founder and publisher of Zagat Survey. While diners are less likely to order cocktails when dining with their families, they are even less likely to order them at lunch.

1. Eat Lunch Not Dinner

iStockphoto / Thinkstock

Lunch prices are 20 to 30 percent less than dinner prices in most places, according to Tim Zagat, founder and publisher of Zagat Survey. While diners are less likely to order cocktails when dining with their families, they are even less likely to order them at lunch.

2. Choose Wisely

Find out what your business client likes to eat and pick a place that appeals to them.

"Let them know you care about their happiness," said Zagat.

3. Get a Discount

Many firms and companies have discounts for the places they frequently go. If your business doesn’t have such an arrangement, it is worthwhile to establish a discount at a few restaurants. The places that know you the best will treat you the best, according to Zagat.

4. Order Delivery

Zagat has noticed a trend in restaurants not only offering hugely discounted lunches but also offering delivery straight to your desk; saving not only money but also time.

5. Eat Out on Mondays, Tuesdays, and Wednesdays

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Try to plan your dining out based on the calendar. Avoid Thursdays through Sundays, when dish prices tend to be higher. Zagat recommends booking a table for the beginning of the week.

6. Skip the Extras

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Navigating a menu is one thing; avoiding the hidden costs is another. Asking for extra items like mushrooms or cheese and adding items like side dishes can cause the bill to add up.

"Be careful of all the extras. They add up," said Zagat.

7. Find Good Value Venues

Seek out guidebooks, websites, and others for recommendations on where to eat and find the best deals. The best values for business travelers tend to be in smaller cities like Houston and New Orleans rather than New York, Las Vegas, and Los Angeles; however, the price of flying to these locations may be more than the business meal bill.

8. Set the Mood

The restaurant should fit the tone of the meeting, which means the venues should be more formal and private.

"You don’t want someone overhearing your conversation," said Zagat. "You don’t want someone to close the deal before you do."

9. To Drink or Not to Drink

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Alcoholic beverages can add up to $15 per glass to the bill. For those dining for business instead of pleasure, the deal and potential money to be made should be the focus, not the check total, as the meal may in some cases be written off for tax purposes and the advantages of scoring the deal may financially outweigh the pricey tab. See what your boss or client orders and follow suit.

10. Tipping Tips

The tip should be based on the net pretax price, according to Zagat, who suggests tipping 15 to 16 percent, which could save diners 10 percent.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.


Your Money Dilemmas, Solved

If you always knew the best time to put your money in the market, you would be well on your way to joining Bill Gates and Warren Buffett on a list of the world&rsquos richest people. Of course, no one&mdashnope, not even Mr. Buffett&mdashcan predict the market&rsquos future with total accuracy, says Christine Benz, a Chicago-based director of personal finance for the investment research firm Morningstar. That&rsquos why most financial pros are proponents of stashing money in the stock market on a regular basis&mdasha practice that is called dollar-cost averaging.

Here&rsquos how it works: You invest a set sum&mdashsay, $100&mdasheach month for 12 months rather than plunking down $1,200 all at once. In the process, you spread your risk out across the entire year. As long as you invest the same amount every time, you should be fine. You&rsquoll usually end up buying more shares when the market slumps and fewer shares when prices are high. So you will be protected from huge ups and downs in the market.

What&rsquos more, investing on a schedule makes it easier to be disciplined about setting money aside, says Dawn Brown, a senior financial adviser with Altfest Personal Wealth Management, in New York City. Keep making regular deposits and you&rsquoll find your financial goals are closer than you think.