A misconception
among many is that thrifty or frugal people are cheap. That could not be further from the
truth. Thrifty people simply prioritize where
there money goes. I personally am quite
content with owning less stuff, living in a smaller home, paying lower utility
bills and eating simple meals. It has
nothing to do with being cheap. I just know
what I'm willing to spend my hard earned cash on and what I am not.
I am willing to
spend money on experiences. Occasionally
I will go out to dinner at a restaurant with friends or family because I
treasure that time spent together. For
me, it is more about the experience than the meal. So going through the drive thru or ordering
take out on a regular basis is not something I wish to do. I find no value in doing that and prefer to
eat my own cooking anyway.
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I do prefer a new car over used, that is my personal priority |
My vehicles are nothing
fancy, but they are good quality. I
purchased both my car and truck new, which I know is not something a lot of
people feel is a good way to be thrifty.
However, it is one thing I do prefer to do as long as I can afford
it. Both my truck, which I purchased in
1997 and my car, purchased in 2015, were on clearance. The new models were in and these automobiles
were priced very low in order to sell them off.
Compared to used options available at the time I was only looking at a
difference of a couple thousand dollars in savings. The idea of paying the extra amount for something
brand new that had no previous history (accidents, poor maintenance, aggressive
driving, worn tires, clean, etc.) made it more than worth it to me. And because I tend to keep my vehicles for a
very long time as well as typically pay cash for them I knew it would pay off
in the long run. So far it has.
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These slipcovers have worked out amazingly well for us |
When it came to
furnishing my home I was practical in the sense that I have children and pets, both
of which will do damage, it is just how it goes. I am willing to replace damaged items more
frequently knowing this so it is even more important for me to find what I want
for less money. Even still, I'm not one
who has a disposable or a don't really care mentality. I still want to maintain my furniture and
rather that toss it out I will repair it or slipcover a worn item such as our dining room chairs (Amazon $19.99) which are still
comfortable and sturdy. After several
years the leather upholstery on our sofa began to crack and give way so rather
than send it to the landfill I ordered a slipcover (Amazon $29.99) for it and
it looks really nice. The sofa is still
sound so it makes sense at this time to do this. When the frame on my recliner broke and could not be fixed we replaced it with one we
found secondhand on Facebook.
I'm very patient
and willing to wait for sales, clearance and markdowns or the good fortune to
fine something used which saves me a lot of money on pretty much everything I
choose to buy. This has been true for
clothing, household items, tools, food and even some services. It is less about how much I money I can save
(anytime you are spending money you save nothing), but rather what is the least
amount I can pay for what I need or want and still get the best quality. Those are my thoughts on the subject, I'd
love to hear yours.