Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 08-27-2016, 09:50 PM   #41
Thinks s/he gets paid by the post
GravitySucks's Avatar
 
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
Quote:
Originally Posted by ERD50 View Post
I got Ting for DW a few months back. Previously, she had a smartphone, but no data plan, and mainly just used it on wifi, and some texting.

Anyhow, I find myself doing the same thing - I see she is near 100 texts, and I want to tell her that if she is just careful to not exceed 100 in the next few days, we will save $2.

And then I think again, and decide it just isn't worth it to make her feel constrained over an occasional $2 monthly bill.
As a side note, Ting seems to be working out pretty well, and one reason I was interested in trying it is that if I decide to move to a smartphone and data, it is just $6 extra, and our combined usage probably wouldn't exceed the next thresholds very often anyhow.


Agreed. You need to pick your battles, but there is something to be said about maintaining the mindset of choosing value. So yes, maybe $X/year on paper towels isn't a big deal, but multiply that times maybe dozens of purchases and it does add up. But I've been trying to not worry so much on a one-time purchase, it isn't worth the effort. But for recurring purchases, it can make sense even if small.



And if you apply that logic to cheap toilet paper, they are all roughly the same!

-ERD50
While text message pricing is a scam, it's WAY cheaper than divorce attorney fees.

Sent from my Moto G (4) using Early Retirement Forum mobile app
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
GravitySucks is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-27-2016, 10:01 PM   #42
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,008
Since I do all the grocery shopping, I know the prices of what we buy, so it really bugs me if I'm in 1 grocery store to return a redbox movie, and we are out of milk. Because I know the milk here is MORE than the milk at Aldi's..

Yes I compare sq footage per dollar of toilet paper, but at least I don't cheap out on the single layer stuff, and insist on a minimum of 2-ply

As for the thought of just buy quick, to save my time, as my life is invaluable, it doesn't really work, as there is no place you can store it up. At the end of the day 24 hours is gone, whether you spent 10 extra minutes in the grocery store, or watching tv, or watching the grass.
Sunset is online now   Reply With Quote
Old 08-28-2016, 05:25 AM   #43
Recycles dryer sheets
 
Join Date: Apr 2013
Location: Humble
Posts: 188
When you lived and shopped your entire life this way, it's pretty hard to stop! I believe this also means we have a mindset that forces us to do the same when making big purchases (do I really need heated rearview mirrors?). Then it really can have impact on your finances.

Wow, the Kirkland (Costco) prunes are wonderful!
Turn_the_Page is offline   Reply With Quote
Old 08-28-2016, 05:32 AM   #44
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Nemo2's Avatar
 
Join Date: May 2011
Posts: 8,368
Quote:
Originally Posted by Turn_the_Page View Post
Wow, the Kirkland (Costco) prunes are wonderful!
+1
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is offline   Reply With Quote
Old 08-28-2016, 06:49 AM   #45
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ziggy29's Avatar
 
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
It's only "irrational", IMO, if it leads you to bad purchasing decisions (buying something slightly cheaper of massively inferior quality, for example) or if it starts damaging your health and valued personal relationships.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
ziggy29 is offline   Reply With Quote
Old 08-28-2016, 07:02 AM   #46
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
Quote:
Originally Posted by W2R View Post
Well, I think my spending habits make a lot of sense.

There are expenditures that mean nothing to me and I don't spend much if anything on those things. Others are horrified and cannot deal with the fact that I don't buy "xyz" or that my "xyz" (if I even buy it) is so low in quality. I ignore that.

There are other things that mean a lot to me, and having the nicest "abc" enhances my life. Others are aghast that I would spend so much on "abc". I ignore that, too.

So, should you label the lack of "xyz" in my life as irrational frugality? Of course not. Just don't expect me (or my spending) to be a true clone of you (or your spending), and you won't see it that way either.

My overall level of spending is not irrational either.
Agree and have been saying this for years. My motto. "Spend and let spend". People can get very judgemental about other people spending both the specific items and the overall levels. I try not to do this.
Danmar is offline   Reply With Quote
Old 08-28-2016, 07:24 AM   #47
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
Quote:
Originally Posted by Sojourner View Post

I was shopping for paper towels and was trying to decide between the generic store brand and the fancier “more absorbent” name brand. The store brand cost $2.99 and the fancier brand cost $3.99 for roughly the same square footage of paper towels.
$2.99 is outrageous!

Like most, I compare prices and have a few quirks in my buying habits. But I let it fly on other things w/o worrying about the cost. BTW, yesterday I bought a dozen lg eggs for 75 cents. I can't remember the last time I found eggs that cheap. But the store more than made up for it in other areas.....
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
Dawg52 is offline   Reply With Quote
Old 08-28-2016, 07:49 AM   #48
Thinks s/he gets paid by the post
Ready's Avatar
 
Join Date: Mar 2013
Location: Southern California
Posts: 3,995
I find in many cases that the only thing that separates the name brands from the lesser known brands is the size of their marketing budget. It often has nothing to do with being better quality.

As others have pointed out, the Kirkland brand is generally better than the equivalent name brand, but always cheaper because they spend no money advertising their brand. I see nothing irrational about being frugal and buying the Kirkland brand. What I find irrational is spending more money to buy a brand that is no better than the Kirkland brand simply because the company has spent millions of dollars to advertise their brand and convince you there is something better about it when there really is not.
Ready is offline   Reply With Quote
Old 08-28-2016, 07:55 AM   #49
Moderator Emeritus
Ronstar's Avatar
 
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
The only irrationally frugal thing that I can remember that I've done recently is when I split a 50 cent foam paint brush into 3 brushes. 2 didn't have handles, but still worked fine.
Ronstar is offline   Reply With Quote
Old 08-28-2016, 08:58 AM   #50
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 8,361
Back in the 70's there was a guy--I think his name was Harry Browne-- who had a book out on finance.

His take was "anything under $40 (or pick your own dollar amount), don't worry about it".

His premise was that you end up spending more time thinking, analyzing and worrying about it than the dollar amount is worth.

Maybe you're getting ripped off, maybe not but for short/small money it's not worth the time and effort.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 08-28-2016, 09:33 AM   #51
Thinks s/he gets paid by the post
 
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
To the OP I think the most of us on this board do this. Heck I use 1 ply store brand TP.
FANOFJESUS is offline   Reply With Quote
Old 08-28-2016, 09:53 AM   #52
Recycles dryer sheets
 
Join Date: Sep 2011
Location: MSP
Posts: 304
Quote:
Originally Posted by RobbieB View Post
I have bidet seats on all my toilets. A nice warm stream of water caresses my rosebud after use and all I do is blot it dry.


Quote:
Originally Posted by athena53 View Post
What? You didn't get the one with the built-in dryer? One guy on HGTV who had that said he didn't have to use toilet paper.

I could never go that far. I'm a staunch proponent of "trust but verify".
UpAnchor is offline   Reply With Quote
Old 08-28-2016, 09:58 AM   #53
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
Send a message via Skype™ to kcowan
Quote:
Originally Posted by Turn_the_Page View Post
Wow, the Kirkland (Costco) prunes are wonderful!
So are their sun-dried tomatoes. They put them in a different place by the time we need another but they always have them!
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 08-28-2016, 11:04 AM   #54
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 9,343
I suppose the "irrational frugality" breaks out in me the most is my cable. Unwilling to ever give it up, but unwilling to accept they give the best deals to new subscribers and try to screw me over. So I run the gauntlet every year ( this time it took 75 minutes on the phone) to make them throw me a bone. Oddly enough this month when I finally reached the end of the rainbow they gave me 2 choices and let me decide. $50 off a month for a year, or $30 off a month for 2 years... Surprisingly out of my mouth I took the worse deal of a $30 discount. I wanted to take a year off from this annual PIA.


Sent from my iPad using Tapatalk
Mulligan is offline   Reply With Quote
Old 08-28-2016, 11:45 AM   #55
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ExFlyBoy5's Avatar
 
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
The way I look at it, if I am frugal in some areas, then I can splurge in others. We recently "cut the cord" from our cable provider (got sick and tired of haggling every single year for a better rate) and are now saving well over $100 and the funny thing is, we are not missing anything by not having 7000 channels to pick from.

Also, with my cell phone, I dumped Ting and went with Republic Wireless for the $10 month unlimited talk/text/wi-fi (still have the refund plan where I am initially billed $15 for 1G of data but it's prorated and refunded) and so far, I have yet to have a bill more than $18. Back in the day, we had a Sprint plan that ran us $160/mo for 2 phones...so ridiculous.

I have a lot of other examples, but since I save in some "bigger" categories, then I don't sweat buying some high-end groceries or buying craft beer at a social gathering.

As far as paper products, I am all about the Costco Kirkland TP and paper towels. The TP rolls are so big, they won't even fit on the dispenser for the first few days and I think it's the softest out there. I know that the cost per sheet will often be higher than the name brand they will have a coupon for, but that is somewhere I will splurge.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
ExFlyBoy5 is offline   Reply With Quote
Old 08-28-2016, 11:57 AM   #56
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,008
I just mailed a letter, and since the post office dropped the price of a stamp to 47 cents, I realized I should not be using my forever stamps.
I had bought my forever stamps at about 46 cents, so the sudden devalue means I must rebalance my stamps
I use the regular stamps as they will always be worth the face value and have no inflation protection.
I might save 5 cents a year doing this, but it feels right and only takes a minute longer (worth $3.00/hr)
Sunset is online now   Reply With Quote
Old 08-28-2016, 12:07 PM   #57
Full time employment: Posting here.
Beldar's Avatar
 
Join Date: Oct 2014
Posts: 566
I pick up loose change on the ground.
Beldar is offline   Reply With Quote
Old 08-28-2016, 12:23 PM   #58
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,353
While it may not have a direct effect on a person's bottom line, the discussion that it is not worth your time seems false. If you have other options for your time that do have monetary value, then it can be argued taking more time to decide and get the best value may not be the best overall. However, if you are not getting anything monetary for your time, why not use some of it to help save some money? Sure your $/hr equivalent may be a lot less than min wage, but something is more than nothing.
__________________
The problem isn't artificial intelligence, it's natural stupidity.

You can't spend yourself to prosperity.

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 08-28-2016, 12:31 PM   #59
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 9,343
Quote:
Originally Posted by 38Chevy454 View Post
While it may not have a direct effect on a person's bottom line, the discussion that it is not worth your time seems false. If you have other options for your time that do have monetary value, then it can be argued taking more time to decide and get the best value may not be the best overall. However, if you are not getting anything monetary for your time, why not use some of it to help save some money? Sure your $/hr equivalent may be a lot less than min wage, but something is more than nothing.


When I ever say "Its not worth my time" it is really a code word for I am either too lazy, or just do not want to mess with it. And that happens often since I value my time as $0.0 per hour.


Sent from my iPad using Tapatalk
Mulligan is offline   Reply With Quote
Old 08-28-2016, 12:54 PM   #60
Thinks s/he gets paid by the post
euro's Avatar
 
Join Date: Oct 2015
Posts: 2,307
Quote:
Originally Posted by samclem View Post
Yep, I'm like you, looking at the "cents per sq ft", etc. (Same with TP, but only between a few "acceptable" brands).
Sure, on one level I could forego all of that and probably save the same amount with more careful tax loss harvesting, playing the credit card "special offer" game, etc. But on another level it doesn't >bother< me to look at the shelf tags, and I feel a mild satisfaction with each thrifty purchase. It's habit now, and not an excessively burdensome one to indulge.
Agree 100%
euro is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Book report: "Predictably Irrational" Nords Young Dreamers 11 07-07-2008 03:11 PM
Paul Farrell~ 10 tips for us irrational investors mickeyd FIRE and Money 3 01-09-2007 06:26 PM
Irrational Anxiety SteveR FIRE and Money 5 07-25-2005 06:00 PM
Rational Investing in Irrational times... LovesLife FIRE and Money 12 05-17-2005 12:34 PM
Are you rational or irrational? mickeyd FIRE and Money 13 12-26-2004 12:15 AM

» Quick Links

 
All times are GMT -6. The time now is 09:58 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.