|
|
08-16-2010, 09:19 AM
|
#61
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
|
Quote:
Originally Posted by kombat
So.... your plan is to be the richest corpse in the graveyard?
|
I call it the 'Frugal Death Spiral'.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
|
|
|
|
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!
|
08-16-2010, 10:21 AM
|
#62
|
Recycles dryer sheets
Join Date: Aug 2010
Posts: 83
|
Quote:
Originally Posted by dex
I call it the 'Frugal Death Spiral'.
|
I do imagine it's hard to changeover from save, save, save to save, spend, spend......After all, you've been saving for 20+ years.
|
|
|
08-16-2010, 10:39 AM
|
#63
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
|
Quote:
Originally Posted by ERD50
Learned about it on this forum. T-Mobile pre-pay and 'Gold Status'.
The first year will cost me $32 for the phone, charger and a $25 card. Add $100 (1000 minutes plus 1 year) to achieve 'Gold Status'. So $132/12 = $11/month the first month ( a little less if you can stretch that first $25 worth). After that, just $10 extends you for another year and rolls over your unused minutes, and adds 35 minutes. I rarely use even 10 minutes a month, so unless my habits change, I won't be spending more than $10/year for many years.
-ERD50
|
Quote:
Originally Posted by ziggy29
I'm on T-Mobile prepaid, too. Spent $100 the first year for 1200 minutes (there was a 20% bonus when I bought in) and then $10 per year to keep the service alive. I still have 1100 minutes left.
|
I use this plan as well. Got it for emergency use, but some of my buddies got my number so I now use the 1000 minutes over the course of a year. But, still pretty cheap cell service.
The item that I end up replacing every 3-4 years is my home computer. My Dell laptop cratered the other day so I go out and buy another one. I wondered how I got along with out pc's, but now I feel I have to have one. I enjoy reading online news papers, forum boards and do all my financial stuff online. But it still galls me to spend several hundred dollars every few years when an item like a tv last much longer. I'm still using my old RCA Home theater tv I bought back in the mid 90's. Oh well......
BTW, speaking of my new laptop.... I decided to try Google Chrome instead of FireFox. This browser moves much faster IMO. Time will tell on how it compares, but so far so good.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
08-16-2010, 10:54 AM
|
#64
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
|
Quote:
Originally Posted by Carnage
I do imagine it's hard to changeover from save, save, save to save, spend, spend......After all, you've been saving for 20+ years.
|
Yes, there have been some threads about that.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
|
|
|
08-16-2010, 02:04 PM
|
#65
|
Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
|
Quote:
Originally Posted by kombat
So.... your plan is to be the richest corpse in the graveyard?
It's one thing to list all the things you're doing without if you can't afford them, or if you're spending your money in other areas (Travel? Boating? Theater?), but I didn't see that in your post. Just a bunch of boasting about how much money you don't spend.
The ultimate goal of money is to be spent. It is a store of value. On it's own, it's just paper. In a retiree's portfolio, it's not even paper. It's just a number on a computer. If you're not spending it, why did you bother saving it? Why not give it away to someone who will appreciate it?
|
I think perhaps you have read too much into my post.
I agree that there is no point to accumulating merely money for the sake of doing so. I do spend money on travel and hobbies (including sailing), some of which are not inexpensive.
I do not spend money on electronic gadgets, but that reflects my preference rather than any deprivation. If someone wants to spend money on them, that's fine; but there should be no complaint that they are necessities and the cost of living is too high.
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
|
|
|
08-17-2010, 12:27 PM
|
#66
|
Full time employment: Posting here.
Join Date: Sep 2007
Posts: 514
|
Quote:
Originally Posted by Milton
I agree that there is no point to accumulating merely money for the sake of doing so. I do spend money on travel and hobbies (including sailing), some of which are not inexpensive.
|
That's what I suspected - I guess I'm just not very familiar with your other posts, so I was a little confused by your comments.
Quote:
Originally Posted by Milton
I do not spend money on electronic gadgets, but that reflects my preference rather than any deprivation. If someone wants to spend money on them, that's fine; but there should be no complaint that they are necessities and the cost of living is too high.
|
Agreed. However, the cost of housing, health care, and education have all risen at rates exceeding inflation, so it's true that modern living costs more for today's middle class than in recent previous generations. I believe a case could also be made that taxes are more onerous and insidious today than in the past. While income taxes may be relatively low, the combination of property taxes (on more expensive housing), consumption taxes (recycling deposits, fuel surcharges, GST that didn't exist 20+ years ago, etc.), and Ontario's health tax (oops, sorry, "Premium") all add up to create an increased strain on modern paychecks, compared to the Boomers' early years.
|
|
|
08-17-2010, 12:41 PM
|
#67
|
gone traveling
Join Date: Feb 2008
Posts: 510
|
Quote:
Originally Posted by kombat
While income taxes may be relatively low, the combination of property taxes (on more expensive housing ), consumption taxes (recycling deposits, fuel surcharges, GST that didn't exist 20+ years ago, etc.), and Ontario's health tax (oops, sorry, "Premium") all add up to create an increased strain on modern paychecks, compared to the Boomers' early years.
|
But doesn't it go by choice how big a house people want to live in or how much to consume?
|
|
|
08-18-2010, 09:28 AM
|
#68
|
Full time employment: Posting here.
Join Date: Sep 2007
Posts: 514
|
Quote:
Originally Posted by aida2003
But doesn't it go by choice how big a house people want to live in or how much to consume?
|
Of course. My point was that a modern family "consuming" at the same rate as a comparable family from the 70's is spending more of their budget on the same items, due to the proliferation of recycling deposits, environmental disposal fees, delivery surcharges, spectrum licensing dues, green taxes, and all the other "hidden" taxes the government has encumbered numerous consumables with.
|
|
|
08-18-2010, 12:17 PM
|
#69
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
|
Quote:
Originally Posted by kombat
Of course. My point was that a modern family "consuming" at the same rate as a comparable family from the 70's is spending more of their budget on the same items, due to the proliferation of recycling deposits, environmental disposal fees, delivery surcharges, spectrum licensing dues, green taxes, and all the other "hidden" taxes the government has encumbered numerous consumables with.
|
Would that be before or after correcting for inflation?
My impression is that food takes up a smaller percentage of today's average budget than it did in the 1970s.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
08-18-2010, 01:57 PM
|
#70
|
gone traveling
Join Date: Feb 2008
Posts: 510
|
Quote:
Originally Posted by kombat
Of course. My point was that a modern family "consuming" at the same rate as a comparable family from the 70's is spending more of their budget on the same items, due to the proliferation of recycling deposits, environmental disposal fees, delivery surcharges, spectrum licensing dues, green taxes, and all the other "hidden" taxes the government has encumbered numerous consumables with.
|
Like Nords said, I don't know whether you're considering inflation here.
Another thing, IMHO, in the 70's and earlier it was not foreseen how much and how fast the humandkind will grow and nobody predicted how much people will spoil/damage the nature and in order to offset those costs all those fees were created. Sure, the amount of the collected fees help to pad pockets of beauroctrats or a company's bottom line, but if left to people choices it would probably create more chaos than order. However, I do understand your resentment of all the 'hidden' fees and I don't agree with all of them myself especially the ones that are purely for greed.
|
|
|
08-18-2010, 04:05 PM
|
#71
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by kombat
Of course. My point was that a modern family "consuming" at the same rate as a comparable family from the 70's is spending more of their budget on the same items, due to the proliferation of recycling deposits, environmental disposal fees, delivery surcharges, spectrum licensing dues, green taxes, and all the other "hidden" taxes the government has encumbered numerous consumables with.
|
This stuff is likely bad for the consumer economy, but probably good both directly and indirectly good for the environment. These things are in effect a tax, and whatever gets taxed sees demand for it decrease.
I know it affects me this way. These fees are expensive but most of all annoying, so I just pass on whatever it was that I might have been considering buying.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
08-18-2010, 08:33 PM
|
#72
|
Recycles dryer sheets
Join Date: Jan 2008
Posts: 328
|
Quote:
Originally Posted by ERD50
Your BIL probably pays big $ for a package with lots of minutes, so he thinks nothing of making a bunch of calls over nothing.
And here's another way that impacts us - it really bugs me that so many parents get the 'unlimited texting' for their kids. So their kids text my kids and we pay for each text. "Oh, it's only $15 a month" - making me sound like a cheapskate (well, I am), but that is $180 a year, and look at the taxes/fees on top of that too.
It adds insult to injury as I know that texts cost the carriers almost zero $ to support.
-ERD50
|
On the other hand, $15/month would only require one to save $4,500 if they took 4% interest earned, or $2,143 @ 8.4% interest earned.
And we kind of lucked out. I started getting text messages from folks at work more often, and when I added unlimited text to our existing plan, we were able to add 2 additional lines for only $20/month more (for both phones) for our older daughters.
__________________
Primary title "chief moron"
|
|
|
08-18-2010, 08:37 PM
|
#73
|
Recycles dryer sheets
Join Date: Jan 2008
Posts: 328
|
Quote:
Originally Posted by Dawg52
I use this plan as well. Got it for emergency use, but some of my buddies got my number so I now use the 1000 minutes over the course of a year. But, still pretty cheap cell service.
The item that I end up replacing every 3-4 years is my home computer. My Dell laptop cratered the other day so I go out and buy another one. I wondered how I got along with out pc's, but now I feel I have to have one. I enjoy reading online news papers, forum boards and do all my financial stuff online. But it still galls me to spend several hundred dollars every few years when an item like a tv last much longer. I'm still using my old RCA Home theater tv I bought back in the mid 90's. Oh well......
BTW, speaking of my new laptop.... I decided to try Google Chrome instead of FireFox. This browser moves much faster IMO. Time will tell on how it compares, but so far so good.
|
In all honesty I don't see why you'd need to do this. We have a computer from 10 years ago. It's one that the kids use to go on the web (running a flavor of Linux). And our laptops are now 4 years old. I have occasionally found a need to put the CD in and completely wipe the drive clean and reinstall the OS (Windows), to clean it up. I don't store any personal documents on them in the first place ... that's what external drives and thumb drives are for.
__________________
Primary title "chief moron"
|
|
|
08-25-2010, 12:52 PM
|
#74
|
Recycles dryer sheets
Join Date: Aug 2010
Posts: 68
|
Quote:
Originally Posted by myself
In all honesty I don't see why you'd need to do this. We have a computer from 10 years ago.
|
Need to for basic web browsing and communication tasks? Probably not.
On the other hand, if you spend a significant amount of your recreation time/budget on computer games, if you like managing all of your media digitally, or if you have take-home work from your job or school that requires you to be able to access the latest versions of popular productivity software on your home PC, then you're looking at probably needing a new one every few years or so. Of course, two of those are luxuries/hobbies, and the other may not be something a person would have to worry about after retirement, but still, there are some reasons for people to upgrade on a regular basis.
Josh
|
|
|
08-25-2010, 01:13 PM
|
#75
|
gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
|
Quote:
Originally Posted by Nords
My impression is that food takes up a smaller percentage of today's average budget than it did in the 1970s.
|
Yeah - but you guys dig a pit and cook the pig in your back yard.
It's much less inexpensive for you (wild pigs - as long as you don't get shot by the "cultivators" on your island).
Yeah, been there, done that ...
PS: I love the Maui onions....
|
|
|
08-25-2010, 01:25 PM
|
#76
|
Recycles dryer sheets
Join Date: Jun 2004
Posts: 168
|
[QUOTE]In all honesty I don't see why you'd need to do this. We have a computer from 10 years ago.
Need to for basic web browsing and communication tasks? Probably not.
On the other hand, if you spend a significant amount of your recreation time/budget on computer games, if you like managing all of your media digitally, or if you have take-home work from your job or school that requires you to be able to access the latest versions of popular productivity software on your home PC, then you're looking at probably needing a new one every few years or so. Of course, two of those are luxuries/hobbies, and the other may not be something a person would have to worry about after retirement, but still, there are some reasons for people to upgrade on a regular basis.[QUOTE]
Photography is a hobby of mine and I find myself buying anew computer ever 3-4 years. Of course that was before my forced semi-retirement. Now I will think long and hard before replacing my electronics. My cell phone is still paid by my employer and with data it runs about $80 per month for my iPhone. I used to think nothing of buying new software and apps, but now I make do with as much free stuff as I can find or I find that I really don't need the convience of a costly product. I love the latest and greatest in technology, but I know that the build up before I buy is greater then the satisfaction of owning it.
__________________
Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies, The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for own good will torment us without end, for they do so with the approval of their own conscience.
C.S. Lewis
|
|
|
08-26-2010, 08:08 PM
|
#77
|
Recycles dryer sheets
Join Date: Jan 2008
Posts: 328
|
Quote:
Originally Posted by Joshua
Need to for basic web browsing and communication tasks? Probably not.
On the other hand, if you spend a significant amount of your recreation time/budget on computer games, if you like managing all of your media digitally, or if you have take-home work from your job or school that requires you to be able to access the latest versions of popular productivity software on your home PC, then you're looking at probably needing a new one every few years or so. Of course, two of those are luxuries/hobbies, and the other may not be something a person would have to worry about after retirement, but still, there are some reasons for people to upgrade on a regular basis.
Josh
|
Try downloading just Puppy Linux. It can fit it in a 256M thumb drive with about 120M of space free and the thumb drive is bootable. The browser which supports HTML 4.x & CSS 2.x, can also bring up the Flash websites that I bother to go to. Full email client capabilities are already there. I can open/edit Word/Excel documents (which include Excel functions, etc.). I don't use it often, only because the laptop is much more convenient than the desktop PC that I only have Puppy Linux installed on.
I don't play video games on it (that's what our WII is for).
__________________
Primary title "chief moron"
|
|
|
08-26-2010, 11:20 PM
|
#78
|
Recycles dryer sheets
Join Date: Aug 2010
Posts: 68
|
Quote:
Originally Posted by myself
Try downloading just Puppy Linux.
|
You know, I have an old laptop sitting in a box at home right now. I think the hard drive is shot on it, but I've never gotten around to getting a new one for it because I don't like the fact that I'd be paying the same price for a small, obsolete hard drive (ATA5 interface) as I would be for a brand new, high capacity one!
Maybe I could try something like Puppy Linux and see if it would run that. It could mean I'd have one more useable machine around the house. Not a bad deal. I bet my older girl could do her homework on it without having to fight her sister for the other desktop.
Thanks for mentioning that.
Josh
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|