"Splurge" Meals, For A Steal!

Katie Lee Joel With Recipes To Let You Eat Like Royalty On Real-World Budget

(CBS)  Everyone's looking for ways to save money right now, and The Early Show's "Early on the Cheap" series focused on the kitchen Friday.

It's possible to enjoy some of your favorite meals in a budget-friendly way, as Early Show contributor Katie Lee Joel proved.

The key, it turns out, is substituting ingredients that are less expensive than the ones typically called for in recipes, but that provide the same flavor.

SPLURGE: Lobster Salad
SAVE: Lobster Salad with Shrimp

Lobster rolls and lobster salad are a favorite summer dish for many people. But lobster is $29 a pound! Katie suggests replacing some of the lobster in your recipe with shrimp, which only costs $11 a pound. You can do half lobster/half shrimp, or even less lobster, depending on how much you would like to spend. Katie says you'll need about a pound of lobster meat/shrimp to serve four people.

SPLURGE: Bacon-Wrapped Filet Mignon
SAVE: Skirt Steak

Filet Mignon can easily cost $26 a pound. Luckily, you can still get the same meaty flavor you're craving with skirt steak, at a much more reasonable price of $11 a pound. The skirt steak recipe actually comes from Katie's husband! Apparently, Billy Joel is a real fan of skirt steak! Katie quickly whisked together Billy's marinade for skirt steak. She put some marinated steak on a grill pan. You can simply slice the steak and serve it, but it's also delicious wrapped up in flour tortillas, fajita style.

SPLURGE: Wild Salmon
SAVE: Canned Salmon

It turns out that all canned salmon -- about $2.69 for a 14-ounce can -- is wild salmon! That certainly beats paying $25 a pound for the fresh stuff. Obviously, if a beautiful fillet of salmon is what you're after, there is no substitute. But don't dismiss canned salmon - you really can make some tasty dishes with it, as katie showed. She quickly mixed together some salmon cakes, which she served with pineapple salsa. She chilled the salmon cakes (picture a burger!), then cooked in a skillet for three-to-four minutes a side.

SPLURGE: Wine
SAVE: Sangria

Obviously, the sky's the limit in terms of price when you're buying a bottle of wine. But if you're entertaining, you typically want to serve guests a nice bottle you're sure they'll enjoy. And if you're having several friends over, chances are you'll need more than one bottle! You can stretch your dollars by serving sangria instead. Because sangria is a combination of several ingredients, it enables your single bottle of wine to go further, essentially getting more servings out of that single bottle. Also, because you're combining the wine with other ingredients, you can feel free to spend less on the wine itself. Katie suggests spending $10 or less! Katie showed a white sangria -- a fun change from the 1more traditional red sangria!

FOR KATIE'S RECIPES, GO TO PAGE 2.

[nonnyjudy]

On this show, Kathy Lee Joel said "all canned salmon is wild salmon". SO NOT TRUE! Read labels... often it is stated "farmed salmon".

[jimmbeard]

you need to change the format of the recipes I only wanted the one of the recipes but the way you have it you have to print all of them plus the story. I already heard the storywhy would I want to print it you need to change it wher you could just print the recipes that you want

[sjw1253]

These recipes all sound great to me...

I will definietly try them.

Regarding the printing of the recipes... It is a very easy "cut & paste" if you only want one or two...

Give it a try.

[brendabear-2009]

Well eveb those "steal" prices are to much for us. We''ll have to saty with the hot dogs and hamburgers, if we can get then from the food pantry.

[brendabear-2009]

Are you serious? Even at the "steal" prices, that''s to much for us. We''ll have to stick with the food pantry for like hamburger and hot dogs.
Let''s get real people, we''re in a crisis.

[naturluvr]

Brenda, the food pantry is where I got my canned salmon and just made these salmon cakes. I've never gotten burgers and dogs from the food pantry, just the buns to put them on. These are good recipes. If you really want to save money and eat healthier, ditch the ground beef and get a 1 lb. tube of frozen ground turkey from Walmart or Publix for around $1.50. Buy a whole chicken and cook/cut it up yourself. Eat more beans. It is possible if you're careful to eat a mix of higher quality foods with lower-priced ones. You just have to plan and prep.