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Old 03-26-2016, 11:29 AM
 
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To illustrate, can frugal consumer A (with $N to spend) enjoy a market basket of goods and services half the market basket of frugal consumer B who has $2N to spend?

I think there are diseconomies of poverty where spending $N gets you less than half of what spending $2N gets you.

Or, put another way, economies of scale where spending $2N gets you more than twice what you get by spending $N.
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Old 03-26-2016, 11:34 AM
 
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What did you do today to get to $2N?
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Old 03-26-2016, 07:10 PM
 
Location: Spain
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Why yes of course. I often saw frugal consumers buying 30 packs of Bud Lite.
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Old 03-26-2016, 08:17 PM
 
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Quote:
Originally Posted by freemkt View Post
To illustrate, can frugal consumer A (with $N to senjoying joy a market basket of goods and services half the market basket of frugal consumer B who has $2N to spend?

I think there are diseconomies of poverty where spending $N gets you less than half of what spending $2N gets you.

Or, put another way, economies of scale where spending $2N gets you more than twice what you get by spending $N.
I remembered how I was raised up; therefore, if I didn't need them, then they were out of my entire life.

More $NN were just for more storage spaces to me.

Hence I had no problems enjoying my $1N over $2N, unless the groceries prices hyped up again.

As for stimulating the economy with my $2N over an N, this is the free market, right? So my extra N goes with helping my favourite brands: lately I spent them on the personal defence department.

Last edited by CPPU12345; 03-26-2016 at 08:26 PM.. Reason: department
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Old 03-26-2016, 11:45 PM
 
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Quote:
Originally Posted by CPPU12345 View Post
I remembered how I was raised up; therefore, if I didn't need them, then they were out of my entire life.

More $NN were just for more storage spaces to me.

Hence I had no problems enjoying my $1N over $2N, unless the groceries prices hyped up again.

As for stimulating the economy with my $2N over an N, this is the free market, right? So my extra N goes with helping my favourite brands: lately I spent them on the personal defence department.


So I take it then you have a lot of experience renting rooms, since you really don't need more than a sleeping room.

Everywhere I've lived, you can get more than 2x the space of a room by spending 2x the cost of a room, and usually with more amenities and fewer disamenities.
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Old 03-27-2016, 08:39 AM
 
Location: North Idaho
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It does help to have some money. There is a good saving opportunity to buy in bulk, or ar the very least, have enough to stock up when there us a good sale.

Having money to buy in bulk is not so much about income, it is about doing a good job of working your budget.
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Old 03-27-2016, 08:44 AM
 
Location: North Idaho
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Adding: it is true that good quality items cost more but last longer. However, good quality can be obtained for a lower cost with careful shopping.
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Old 03-27-2016, 08:44 AM
 
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Originally Posted by oregonwoodsmoke View Post
It does help to have some money. There is a good saving opportunity to buy in bulk, or ar the very least, have enough to stock up when there us a good sale.

Having money to buy in bulk is not so much about income, it is about doing a good job of working your budget.

It also applies to renting in bulk; I paid more than $500 to rent a room in a 4BR (1BA) house (older, with deficiencies in a poor location) that rented for under $1000.
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Old 03-27-2016, 08:49 AM
 
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Originally Posted by oregonwoodsmoke View Post
Adding: it is true that good quality items cost more but last longer. However, good quality can be obtained for a lower cost with careful shopping.

In my experience, high quality typically has a greater entry or acquisition cost, but delivers considerably better value.

e.g. many high-quality items cost perhaps 1.5x or 2x as much as cheaper items but deliver more than 2x the value.
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Old 03-27-2016, 11:29 AM
 
18,548 posts, read 15,586,958 times
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Quote:
Originally Posted by freemkt View Post
To illustrate, can frugal consumer A (with $N to spend) enjoy a market basket of goods and services half the market basket of frugal consumer B who has $2N to spend?

I think there are diseconomies of poverty where spending $N gets you less than half of what spending $2N gets you.

Or, put another way, economies of scale where spending $2N gets you more than twice what you get by spending $N.
Of course. There has only been once in my life when I saw a larger container of the same thing costing more per unit product. It's almost always less. I thought everyone knew that.
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