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Old 02-17-2012, 06:57 AM
 
Location: Scottsdale, AZ
4,472 posts, read 17,699,609 times
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Quote:
Originally Posted by pvande55 View Post
This is where we disagree. Your leisure time must be worth something. Even if you have no opportunity to earn money. If you like golf you might be willing to forgo earning some extra cash so you can play. I say one reason to be frugal is so as not to spend all your time earning money.
I completely agree with you.

Leisure time is priceless, if you want to be frugal then the leisure time should be when you're able to "let loose". Being frugal for the sake of being frugal is stupid, but being frugal for the sake of spending the money on something you enjoy is commendable.

I've recently stopped my $4/ cup coffee habit on my way to work in the mornings and instead bought myself a Keurig (love it). Now it costs me $0.50 for a cup and I save the other $3.50 for things I enjoy. Still haven't kicked the smoking habit but for the amount of stress I have sometimes, I'm thinking it may be worth what I pay for a pack.

I purchased an '08 Corvette yesterday, obviously that was my splurge for this year though.
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Old 02-18-2012, 01:31 AM
 
Location: In a state of denial
1,289 posts, read 3,035,849 times
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Quote:
Originally Posted by pvande55 View Post
It also has to do with your time. If you can save $20 on a pair of shoes, and you make $20 an hour you have saved an hour worked. If, on the other hand you spend an extra 10 minutes in traffic to save $1 in tolls, yielding six dollars an hour, you have wasted more time than the money you saved.
I look at it that way too. I'd much rather be saving money than working all the time.
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Old 02-22-2012, 12:40 PM
 
2,401 posts, read 4,683,928 times
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Good life = be happy with what you got.
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Old 02-22-2012, 10:34 PM
 
30,897 posts, read 36,958,653 times
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Quote:
Originally Posted by SpeedyAZ View Post
Still haven't kicked the smoking habit but for the amount of stress I have sometimes, I'm thinking it may be worth what I pay for a pack.

.
Eh, if you're stressed, try meditation for 15 minutes a day. It's a lot healthier for you physically and mentally and it's free. It might also help you kick the cigarette addiction in time.

http://www.youtube.com/watch?v=om7NCfTo-xc

If you spend $21 per week on cigarettes and invest that money in a boring mutual fund like Vanguard Balanced Index, you'd have:

$6443 after 5 years
$15,297 after 10 years
$27,460 after 15 years
$44,172 after 20 years
$98,677 after 30 years

www.vanguard.com


This assumes the past 15 year rate of return for this fund of 6.37% will continue in the future. 6.37% is below the long term average, so it's a conservative estimate.

Last edited by mysticaltyger; 02-22-2012 at 10:44 PM..
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Old 02-24-2012, 11:12 AM
 
2,401 posts, read 4,683,928 times
Reputation: 2193
[quote=SpeedyAZ;23022283]...

...Being frugal for the sake of being frugal is stupid.../QUOTE]

Huh!
Says who????

I like to be frugal not because I have to be but because I "want to be" and it makes me happy (counting money, collecting & accumulating it)... why is that stupid???

Don't think it would be too stupid if I accumulated say a million from being frugal just for frugal sake while another person in needs on that ten thousand does not have it just because they simply refuse to be frugal for the sake of being frugal for fear of "looking stupid".

To me & my DH, we like quality over quantity for most stuffs (like food, furniture, assets, investments etc.)... but in terms of money (so long it is not depreciated), quantity is still king.
We collect even in other currency for the "JIC".
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Old 02-25-2012, 12:39 PM
 
22,661 posts, read 24,594,911 times
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Have one set of clothes and wear them until they disintegrate. And as a bonus, you can save on washing costs, just wear them into the shower a couple of times a week...good as new. But really dark clothes because they show a lot less grime.
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