Today I was talking to a person who mentioned that he wanted to buy some kind of weed puller for this one day that he was holding an event in his backyard. He mentioned that it cost about $30 or so which wasn’t too bad.

This got me thinking on how many times we tend to buy items where we only use it once and then throw it in say the closet to never be used again. For myself when it comes to these types of items, if I don’t intend to use it at least say once every two months I tend to explore other options such as borrowing a similar item from a friend or family member if available.

It’s just like when we were younger I suppose. What’s the point of say everyone buying the same toy/game when you could easily just lend your copy to the other if they plan to play it through once only? As long as you don’t abuse the trust/generosity, I’m sure most people are more than happy to help you save money in these ways. More than likely you would do the same too.

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I was just looking at a transaction detail for one of the bank accounts that I planned to use for the money making journey. I kind of forgot that I left about $20 in the account as an initial deposit to activate it and the funny thing was that it has been accumulating interest as you can see here:

It is only one cent every month, but it just reminded me of my savings account when I was a kid where I thought just the fact that someone was giving me more money to save it was such a great concept. I think I still have my old bank account details too where I gained like one to ten cents a month which soon started going into dollars eventually. I guess like they say, a penny saved is a penny earned.

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I received this letter today from my credit card company on how they have decided to lower my cash advance interest rate to 3.9%. Although, that still doesn’t seem very good though. This is one of those things where I don’t really pay much attention to as they can make the interest rate as high as they want considering I never use the service and pay my bills fully.

I was just thinking though on how I was trying to imagine myself using these cash advance services and how it seems like such a financially disastrous move to borrow money this way. Not only do you have to pay interest on it, but from what I am reading in this brochure there isn’t really a grace period and the interest is ongoing to the date of the transaction.

That’s like a quick path to debtville, so to speak. I’d rather adopt the” if you can’t afford it, don’t buy it” mentality if you are short on money for something.

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For these next few weeks there seems to be an excess amount of people who happen to have birthdays coming up as well as other occasions that normally involve buying presents for people. As a result, I have been trying to find presents for people that I thought would be suiting.

Another person who was shopping for the same people was telling me on how this was such a financially draining week as she was using up her entire monthly non essential budget solely on gifts for others.

This got me thinking too as if you are in a situation where there are say too many birthdays and you are on a very tight budget as it is which one of the following would you do?

1) Determine how much money you can truly afford and divide it equally amongst the recipients or even giving things that are more personal instead.

2) Spend however much you would normally spend on a person by using tools such as a credit card even if it means adding more debt to yourself.

3) Delay giving certain people a present so that you can get them what you intended once you have the funds to do so.

I personally would be inclined to do the first option. Although realistically, I think most of the time people have a “I can so I will” mentality and will instead opt for say option two and start racking up on the credit card. It just seems more like a debt that you are paying back to the other person, so to speak, as oppose to giving a gift if you are spending more than you can afford I’d say.

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I was talking to some people today that were talking about the thought of how much they would pay for a subscription service of some sort where someone else will do things such as cooking dinner and washing the dishes for them as sometimes you just don’t want to have to deal with things like that.

One person said $30/month plus the cost of food and I thought that was kind of a little too low. That sounded more like a fee for a diet program of some sort. I actually know one guy that just absolutely hates cooking and pays a lady to come in and cook dinner for about $20 each time to do it for him. Kind of high expense when you think about it too.

What I always think about when it comes to convenience is that while I’ll probably definitely save a lot of time in situations like these, I always debate whether or not it would benefit me skill wise in the long run. For example, would it enable me to do things faster afterwards? Is it a skill I could use to make money afterwards? There are always things like that which make me consider how much I would be really losing in the overall picture.

Of course, you can’t know everything so many times it makes sense to just pay for convenience.

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