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Old 03-03-2011, 09:21 AM
 
1,096 posts, read 3,986,074 times
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I remember as a kid I always wanted frosted mini wheats but my mom always bought the big frosted wheats and told me to break them into mini wheats myself, miniwheats were $1 more a box...lol.

I think this type of thing is one of the easiest to do for those just starting out trying to be frugal.

Instead of buying vegetable platters for like $10 buy some fresh veggies and cut them youreself.

Instead of buying individual serving snacks buy the big bulk ones and make yourself individual portins to bring to work, on the go, whatever.

So much extra costs are placed on items that are individually packaged or convenient in some way. Doing these small things yourself will save you money that adds up very quickly as your probably spending a ton of these small conveniences if you buy them.
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Old 03-03-2011, 03:06 PM
 
Location: Sinking in the Great Salt Lake
12,899 posts, read 18,446,350 times
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You unintentionally make a point that the best way to be frugal is to be raised that way. Teachig your kids to live within their means and be adaptable is one of the best things a parent can give their child.
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Old 03-03-2011, 03:30 PM
 
Location: Planet Eaarth
8,957 posts, read 17,000,905 times
Reputation: 7193
Quote:
Originally Posted by rfr69 View Post
I remember as a kid I always wanted frosted mini wheats but my mom always bought the big frosted wheats and told me to break them into mini wheats myself, miniwheats were $1 more a box...lol.

I think this type of thing is one of the easiest to do for those just starting out trying to be frugal.

Instead of buying vegetable platters for like $10 buy some fresh veggies and cut them youreself.

Instead of buying individual serving snacks buy the big bulk ones and make yourself individual portins to bring to work, on the go, whatever.

So much extra costs are placed on items that are individually packaged or convenient in some way. Doing these small things yourself will save you money that adds up very quickly as your probably spending a ton of these small conveniences if you buy them.
The more you do for yourself the less it costs to live.
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Old 03-03-2011, 05:54 PM
 
Location: Ayrsley
4,714 posts, read 8,235,781 times
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Quote:
Originally Posted by Tightwad View Post
The more you do for yourself the less it costs to live.
Well that depends. Sometimes the cost for extra convenience is worth it - it depends on how valuable you consider your time to be.
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Old 03-03-2011, 06:30 PM
 
Location: Planet Eaarth
8,957 posts, read 17,000,905 times
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Quote:
Originally Posted by Tober138 View Post
Well that depends. Sometimes the cost for extra convenience is worth it - it depends on how valuable you consider your time to be.
There is no solid debate to say that DIY is about "convenience". Lazy has a price from a pure frugal point of view!
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Old 03-03-2011, 06:40 PM
 
Location: New Jersey
15,044 posts, read 13,099,196 times
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Quote:
Originally Posted by Tightwad View Post
There is no solid debate to say that DIY is about "convenience". Lazy has a price from a pure frugal point of view!
There comes a point when time trumps monetary frugality.
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Old 03-04-2011, 08:48 AM
 
167 posts, read 262,600 times
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^ i have to agree. im not going to spend an 8 hour day working on something to save $10. i can accomplish a lot more in 8 hours by giving up the 10.
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Old 03-04-2011, 09:33 AM
 
3,698 posts, read 9,983,909 times
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The cost for convenience can be worth it, but I think it's all too easy to trick ourselves into thinking about how much cash or time is actually involved.

There is a limit to the amount of money that we are going to earn in our lifetimes. Every dollar we spend is money that we won't have for other things. It might "only" cost a dollar or two to buy in bulk and package the good ourselves, but that dollar could be worth $5 when it comes time to pay for college or to retire.

Save a dollar a day and in 20 years you could have $25000 more in savings than you'd have otherwise. Paying someone else to make your coffee for you can cost you $50,000 at retirement. Frugality isn't about saving a few pennies today, but about saving tens of thousands or even hundreds of thousands over your lifetime.

Compound interest is a powerful thing, but we tend to forget about compound loss.
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Old 03-04-2011, 11:17 AM
 
Location: Portlandia "burbs"
10,236 posts, read 13,520,511 times
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Quote:
Originally Posted by ccornewell View Post
^ i have to agree. im not going to spend an 8 hour day working on something to save $10. i can accomplish a lot more in 8 hours by giving up the 10.
I agree.

I'd rather pop into a 7-11 to grab a 2-Liter bottle of Pepsi, or even a loaf of bread, just to get it done quicker. I "buy" more time.
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Old 03-04-2011, 02:45 PM
 
Location: Victoria TX
42,668 posts, read 71,538,289 times
Reputation: 35864
If you are not competent, a DIY job attempting to repair something can destroy it completely, which will cost more than if you had paid to have the repair done properly.
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