Posts Tagged ‘spending money’

Spending Cash Hurts

Saturday, March 1st, 2014 by

This was kind of an interesting thought I heard where it was suggested that if you want to save money you should start spending cash because the sheer notion of you visibly seeing your money being given to someone else hurts and so you will be less inclined to do it unless it is something really important. For example, seeing yourself give a restaurant $100 for some kind of meal.

Kind of funny but true in many ways I think. I know for myself I usually use a credit card whenever I can and since I constantly monitor the billing on it I get a constant reminder of the money that is going to be taken out of my savings to pay for it. So in many ways that does help me in terms of developing the mentality to try and make as many financially savvy purchases as possible. I think that is better too where I pay everything at the end of the month where seeing myself transfer all the funds in one go really puts it in perspective if I spent too much or not. Sometimes you just need to see those big numbers for it to get it through to you.

Seeing This Sale Price For A NutriBullet Changes My Shopping Intent

Thursday, January 9th, 2014 by

So recently I was thinking of getting a blender as I have often been making my own juice with a really good Breville juicer which I invested a lot in years ago. It has served me well for years, but recently I was thinking of trying something new this year as usually when I juice I end up discarding the fibre and many people say maybe making like a smoothie out of it would be better. So I decided to research about various blenders and this product called a Nutribullet seemed to have popped up a lot.

nutribulletreg

After doing my usual bargain hunting research it seemed like most places sold this 600 watt model for about $99. At the same time, apparently there was a new 900 watt model that sells for about $180. So thinking about it, maybe it would be better to invest in the more recent product. That then resulted in me seeing if I could find a good deal on it. That led me to see that a store did have it for sale not too long ago and as you can see here they were selling that 900 model for about $85.

nutribulletsale

After seeing this the only thing I can think of now is how ridiculous the markup is and that if I ever paid the full $180 for it that would be pretty silly. If anything, in this case if I actually wanted to try the product now it almost makes more financial sense to buy the older model and then simply wait for the newer one to go on sale again. I was thinking too I could just go with the route I went with the Breville juicer where I would just buy something that is a lot more expensive but would more than likely last longer. For a blender as an example I was looking at this product called a Vitamix. Of course, the price tag is way heftier as you would be looking to invest at least $300 it seems.

Interesting dilemma I am in at the moment. For the sake of being a savvy shopper though there is no way I am going to pay the full price for that product after seeing that sale price.

Paying High Prices Dining Out To Be Polite

Wednesday, October 16th, 2013 by

The other day I was meeting up with a person to do some catching up as it has been years. For the most part we simply went to grab a bite to eat and chatted all day which resulted in going to places like cafes too. The funny thing was for an unrelated shopping item I waiting to get it it from a particular store as it is about $2 cheaper. Yet in this case out of politeness and not wanting the other person to feel weird I ordered like a cup of tea that would probably cost me like 25 cents to make myself for like $2.50

It’s probably just too socially awkward too to tell people ahead of time you would rather not pay those kinds of prices. It definitely added up at the end of the day too. While for myself this isn’t a common everyday habit I can imagine how dining out prices can easily knock people out at the end of the month where they then wonder where all their money went.

Although, I guess one thing I could have done is if I knew ahead of time that we were going to chat for so long I would have simply brought like my own drink and all from a bottle. I think in those cases most people wouldn’t feel strange as the only difference there is you paid way less money for it.

Store Brand Price Expectation

Saturday, July 13th, 2013 by

I was browsing around a store today where it happened to be selling a lot of different brands of chairs including its own. In most cases, when I see a business selling its own brand of products I have this expectation that it should be more than ten percent cheaper than the well known brands. Generally speaking, my assumption is they don’t have the same marketing expenses usually and so purchasing its products should be a no frills kind of purchase.

In this case though the prices of the store brand product was only about three percent cheaper. While in most other cases I would probably go with the cheaper one, assuming everything about the item is adequate, in this situation would often end up going the the better known brand. Something about the store brand item only being a tiny bit cheaper makes me think that you are overpaying for it even though on its own it is cheaper than the brand name item.

More About The Budget or Being Financially Aware

Saturday, May 4th, 2013 by

I was talking to some people about the notion of needing a budget in order to keep your finances in good health. Basically, each month you should be writing down how much you have and how much you can allocate to certain things such as entertainment or essentials. The funny thing for myself is I personally don’t use a budget in that sense. Instead, I keep myself constantly in tune with how much I have and how much I am spending. With that it becomes like a challenge of sort where if I am going to take money out of an account then I always ask myself how fast can I replenish it without it harming the ability for the funds to grow. It really makes me think of my purchases and the future.

For example, I know a lot of people would think having zero dollars and no debt is the safe zone. However, to me for example $10,000 would be like a safe zone and it makes me want to at least maintain that number and make it go up. I guess another way to think about it is it’s kind of like food and your health. Some people would say you have to follow a strict diet plan if you want to keep the pounds under control and others would say you just need to be constantly knowledgeable and aware of what you are putting in your body. For me, being aware is more of my preference personally as with that it’s a lifestyle habit and not say a one time thing.

I have often heard the argument that going with being more aware route must be stressing as each day you are worrying about what to buy. It’s really not the case, for me anyways. It’s almost like my mind is accustomed to quickly going through an algorithm where I look at the product, the price, I start thinking about value such as if the item has ever gone cheaper, think about any goals I have in the future and whether or not this item will help me, etc. If it passes all these quick flash tests then I can start seriously thinking if I should spend the money.

To me it is no real difference than say people who wouldn’t eat a piece of fruit because it smells bad or has bruises all over. Basically, it’s not like you stand there for hours debating if you think it will be good for you or not. Instead, you have naturally learned that those are potential signs that the product isn’t that good and that putting it in your body can mean bad things later. In my opinion, having this same approach with money is the way to go in my view.