this post was submitted on 13 Oct 2023
1 points (100.0% liked)
Frugal
5106 readers
1 users here now
Discuss how to save money.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's more of a generalized rule but:
Assume that your own time has value.
A lot of "frugal" tips operate off the assumption that you can spend your own time and it doesn't cost anything. But your time is valuable. Time spent trying to save a few bucks should be considered working time; ask yourself how much you would get paid by your job for the same amount of time. Maybe you enjoy doing whatever the thing is, so it can be considered recreation, but if it's some difficult or mind numbing slog, then that doesn't necessarily mean that you actually saved yourself anything, because you weren't getting paid to do work, and you could have been doing something more rewarding instead.
I feel this way about cooking. I hate cooking. It takes a lot of time. And lots of cleanup time. And time spent planning and shopping. Plus the tools, ingredients, and power/gas/water used all cost money. With all that in mind, a $9 bowl of chipotle is significantly cheaper by my estimation than cooking an equivalent myself.
Then you need to learn how to cook properly, or get more experience. By the time you have driven to and from chipotle, and factor in that time, the cost of gas, the wear and tear on your car. Cooking is significantly cheaper. We only cook from scratch at home, and it rarely takes more than 15 mins to whip up a good meal that tastes better than most things you can buy, even sit down restaurants. When I cook, I clean as I go normally, so clean up aftewards is fast. If you clean up immediately after, clean up is fast. Time spent eating doesn't count. 20 minutes, McDonalds drive thru takes 20 mins.
I live somewhere where I have access to dozens of restaurants within a 5 minute drive and I can order ahead to avoid waiting. Cooking really is not an activity I enjoy so I have no interest in practicing unless I have to. That is not to say I never have food at home. I regularly make healthy super smoothies, sandwiches loaded with greens, prepared salads, and whole grain cereals. I wouldn't consider that cooking though.
I'm not looking to invalidate the experience of anyone who is good at or enjoys cooking. Just sharing my opinion that this is one area that is very commonly recommended for saving money that I personally don't find worth my time.