Filet mignon

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Steak: Be Okay with a Little More Fat
People regard filet mignon as the best steak you can buy. It's tender and velvety and has a subtle flavor that doesn't need much more than salt and pepper to make it taste delicious. Such decadence isn't cheap: A center-cut piece can go for $30 a pound (even more for grass-fed). Rib eye, though, is only slightly less tender, can be even more flavorful, since it has more fat—and runs about $18 a pound. Pan-frying is your best bet with this cut (grilling can be dicey because of the fat, which can catch fire).

Switch and save: $12 per pound