IT'S BACK! Free Chipotle Burrito/Bowl/Taco/Salad with $30 Gift card purchase

Since you're insisting on showing how smart you are, let me educate you on something:

simonnyc is investing $30 to buy the Chipotle gift card and he will receive an annuity consisting of burritos. Just because it's not a cash annuity, doesn't mean it's not an annuity (one could point to things such as PIK interest and stock dividends, which aren't cash but are worth a lot of money). As long as the burritos are priced fairly by the market (which I assure you they are), they are just as good as cash. In addition to that annuity, he also receives a burrito worth 14.50, which constitutes a return on his investment.

While the annuity of burritos he is receiving isn't worth 30 dollars because it has to be discounted with a proper annuity factor, it would never amount to $14 either, so this is a good deal. (You could also throw in a risk penalty for lack of a liquid market for Chipotle gift cards, but that's being picky).

The only person here (probably) not getting a deal is you. The lunch you make for $1.50 isn't a deal... it's worth exactly 1.50. Saying you have a better deal is like saying someone who pays 24,000 for a 1996 Ford Pinto is getting a better deal than someone buying a 2012 BMW for 24,001.

Any time you feel like telling people where to spend their money... remember that they probably have a lot more of it than you.

Since you're insisting on showing how smart you are, let me educate you on something:

simonnyc is investing $30 to buy the Chipotle gift card and he will receive an annuity consisting of burritos. Just because it's not a cash annuity, doesn't mean it's not an annuity (one could point to things such as PIK interest and stock dividends, which aren't cash but are worth a lot of money). As long as the burritos are priced fairly by the market (which I assure you they are), they are just as good as cash. In addition to that annuity, he also receives a burrito worth 14.50, which constitutes a return on his investment.

While the annuity of burritos he is receiving isn't worth 30 dollars because it has to be discounted with a proper annuity factor, it would never amount to $14 either, so this is a good deal. (You could also throw in a risk penalty for lack of a liquid market for Chipotle gift cards, but that's being picky).

The only person here (probably) not getting a deal is you. The lunch you make for $1.50 isn't a deal... it's worth exactly 1.50. Saying you have a better deal is like saying someone who pays 24,000 for a 1996 Ford Pinto is getting a better deal than someone buying a 2012 BMW for 24,001.

Any time you feel like telling people where to spend their money... remember that they probably have a lot more of it than you.

Since you're insisting on showing how smart you are, let me educate you on something:

simonnyc is investing $30 to buy the Chipotle gift card and he will receive an annuity consisting of burritos. Just because it's not a cash annuity, doesn't mean it's not an annuity (one could point to things such as PIK interest and stock dividends, which aren't cash but are worth a lot of money). As long as the burritos are priced fairly by the market (which I assure you they are), they are just as good as cash. In addition to that annuity, he also receives a burrito worth 14.50, which constitutes a return on his investment.

While the annuity of burritos he is receiving isn't worth 30 dollars because it has to be discounted with a proper annuity factor, it would never amount to $14 either, so this is a good deal. (You could also throw in a risk penalty for lack of a liquid market for Chipotle gift cards, but that's being picky).

The only person here (probably) not getting a deal is you. The lunch you make for $1.50 isn't a deal... it's worth exactly 1.50. Saying you have a better deal is like saying someone who pays 24,000 for a 1996 Ford Pinto is getting a better deal than someone buying a 2012 BMW for 24,001.

Any time you feel like telling people where to spend their money... remember that they probably have a lot more of it than you.

Since you're insisting on showing how smart you are, let me educate you on something:

simonnyc is investing $30 to buy the Chipotle gift card and he will receive an annuity consisting of burritos. Just because it's not a cash annuity, doesn't mean it's not an annuity (one could point to things such as PIK interest and stock dividends, which aren't cash but are worth a lot of money). As long as the burritos are priced fairly by the market (which I assure you they are), they are just as good as cash. In addition to that annuity, he also receives a burrito worth 14.50, which constitutes a return on his investment.

While the annuity of burritos he is receiving isn't worth 30 dollars because it has to be discounted with a proper annuity factor, it would never amount to $14 either, so this is a good deal. (You could also throw in a risk penalty for lack of a liquid market for Chipotle gift cards, but that's being picky).

The only person here (probably) not getting a deal is you. The lunch you make for $1.50 isn't a deal... it's worth exactly 1.50. Saying you have a better deal is like saying someone who pays 24,000 for a 1996 Ford Pinto is getting a better deal than someone buying a 2012 BMW for 24,001.

Any time you feel like telling people where to spend their money... remember that they probably have a lot more of it than you.

good job on the education.
he may have come off as a tad judgemental, but I think all jrdub was trying to say was that - eating out at chiptole, or anywhere else (nearly) every day is expensive, aaand you can save some money on cutting down on that.

Dont see anything wrong there.

I know you are spending a rediculous amount of money on food, about $1800 more annually than you could be spending JUST ON LUNCH! And I DO worry about myself, which is why I only spend around $1.50 each day for lunch. Try saving your money for a change and not eating out everyday. That's all I am trying to say.

Well said. The only thing that I disagree is that Chipotle burritos are not liquid, they are not as good as cash. You can't stand in a street corner and resell a basketful of Chiptole burritos you get for free for anything close to 100% of fair market value and/or rather quickly, if you are able to resell at all (I am sure a homeless person would probably give you a buck or two for it).

I dont mind a 100 calories here and there. I expect that when I dont make/weigh my own food. But the margin of 600-1300 calories on a burrito I ordered is ridiculous.

This place sucks for those of us who count calories. They put a range of how many calories are in certain items, but it spans over a few hundreds. Basically worthless information. I dont go for this reason

As opposed to McDonalds and other places, where they probably take the lowest value and show that. For example, you know they use more than half a teaspoon of mayo on their McChicken. That shit is usually slathered on.

I know you are spending a rediculous amount of money on food, about $1800 more annually than you could be spending JUST ON LUNCH! And I DO worry about myself, which is why I only spend around $1.50 each day for lunch. Try saving your money for a change and not eating out everyday. That's all I am trying to say.

I know you are spending a rediculous amount of money on food, about $1800 more annually than you could be spending JUST ON LUNCH! And I DO worry about myself, which is why I only spend around $1.50 each day for lunch. Try saving your money for a change and not eating out everyday. That's all I am trying to say.

Wow! Frozen? How do you reheat them and what do they taste like after being frozen?

Another thing to keep in mind:
How much is that $1.50 lunch -really- costing you. There is an opportunity costs associated with this too.

Lets say you make a very modest amount of $25/hr.
If it takes you 10 minutes to prepare that lunch, you just spent ~$4 of your itime + grocery shopping time. This means that lunch costs you a fair more than you realize.

Now, I realize that this isn't always a fair way to look at things, but you can't completely neglect this perspective.

I eat out often because it takes me at least ~2 hours to prepare a decent meal (total time == shopping, cooking, dishes)... which means I would've spent considerably more in total for that meal.
It makes much more sense for me to spend $6 to $10 to get a better tasting meal from various restaurants... because my free time is worth something to me.



[Keep in mind, you can definitely use this same argument against slickdeals. Most people on here definitely have a net loss in expenses because of the opportunity cost wasted in finding a better deal. I'm not saying that people shouldn't be using slickdeals, but you should certainly keep in mind that there might be better uses of your time.
If one was trying to maximize net assets, no one would ever spend anytime on slickdeals. You could spend your time elsewhere and make more money than you save.]

I know you are spending a rediculous amount of money on food, about $1800 more annually than you could be spending JUST ON LUNCH! And I DO worry about myself, which is why I only spend around $1.50 each day for lunch. Try saving your money for a change and not eating out everyday. That's all I am trying to say.