Generally speaking, the kind of place that serves a $60 ribeye vs a $20 ribeye is going to have a vastly different dining experience. Better cocktails, better wine selection, better apps, better sides, better dessert, better service, better atmosphere. And the steak itself is likely to be a high quality piece of meat that is cooked properly, crusted and seasoned expertly, and is served at the temperature you ordered.

The best meal I've ever had in my life was at Joe's Steak and Seafood at Caesars Palace in Vegas. The steak was perfect, I still dream about the hash brown potatoes, and the service was immaculate. And I'm pretty sure after it was all said and done at two steaks, two sides, appetizer, couple of glasses of wine, dessert, with a healthy tip, it was probably around $250.

I also just ate at Longhorn (a steakhouse chain) last Friday and paid $24 for a strip that was quite yummy. I don't discriminate.

And like I said before, I'm not wealthy. Comfortably middle class. I haven't gotten into Wagyu or Kobe or any of the dry aged market price pay by the ounce shenanigans that can set you back $200 a steak. I think there's likely a point of diminishing returns. I can tell the difference between a $20 steak and a $60 steak, but am I going to be able to tell the difference between $60 to $180 steak and even if so, is it going to be worth the triplicate increase?

Only one way to find out but I'm not fiscally there yet.