this post was submitted on 13 Oct 2023
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Frugal

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Discuss how to save money.

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I've noticed sometimes that there's some half-baked videos or blogs or whatever that purport this or that frugal trick, but if you look at the time or math, it's not actually frugal for you.

What are some examples of that you've come across? The things that "aren't worth it"?

For me it's couponing. (Although I haven't heard people talk about it recently--has it fallen out of "style", or have businesses caught up to the loopholes folks used to exploit?)

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[–] [email protected] 0 points 2 years ago* (last edited 2 years ago) (1 children)

Using things outside of their intended purposes. I live in a gated community with my folks. Our house borders an apartment complex community, the border is a fence followed by a hedge in our backyard. We have several fruit trees in our backyard including avocados and mangoes. During fruiting season, avocados will drop and fall over the fence. My mom uses a pvc pipe with a kitchen knife taped to one end to use as a spear to retrieve avocados over the fence on the other community's side. 5+ kitchen knives have been broken by doing this. I recently bought a 30ft fruit picker to collect fruit before they drop, so hopefully that helps to alleviate the problem.

DOCAZOO DocaPole 7-30 Foot (30 ft Reach) Fruit Picker and Telescopic Extension Pole for Apples, Avocados, Oranges, and Other Fruit Trees https://a.co/d/hZUlhHK

[–] [email protected] 0 points 2 years ago (1 children)

frugal

> cant ask neighbors to come in and pick their avocados
> uses spears instead

no, that's not frugality, those are signs of mental ineptitude

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago)

I should have clarified. She wants to retrieve her avocados that have fallen over the other community's side.

Here's a picture of the fence and hedge.

Here's a picture of our tree.

[–] [email protected] 0 points 2 years ago (1 children)

Flights with connections. Flying has become so tedious, frustrating, stressful, that saving money by spending yet more hours dealing with it, just isn’t worth it. I’d sooner cancel the trip

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago) (1 children)

I saved $500 per ticket on an international flight for my girlfriend and I and the extra connection should have only added a few hours to the trip.

Then they cancelled my flight, and I got stranded in another country (Canada), spent over 10 hours in the airport getting a new flight, lost two days of the trip, which were the best days, lost the money I paid for the hotel for those days, and I only get a few days off a year and that was how I spent several of them.

The Europeans and Canadians on the flight got their flight comped. Being an American, I had to fight for a meal ticket that didn't even cover the cost of two sodas. This was pre-pandemic too.

[–] [email protected] 0 points 2 years ago
[–] [email protected] 0 points 2 years ago (3 children)

The people who tell you that you are poor because you get coffee at a coffee shop every day. At best you would save ~$2000/year if you bought $5 cup everyday. $2000 saved would not be a significant amount of money to make in an investment either. Personal happiness isn't worth trying to cut out things you like.

[–] [email protected] 0 points 2 years ago

$2000 extra a year into a 401k over a lifetime of work is a substantial amount of money when you retire. This 401k calculator estimates it as $150k after 45 years. That sounds high to me but regardless $2k extra a year is a lot when you consider compound interest over decades.

[–] [email protected] 0 points 2 years ago (1 children)

Sure it might not be a huge amount in one year until you notice that it's not just a year, it's the rest of your life. then 30 years later you have saved $60000 with interest.

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago) (1 children)

It's funny, the same people who told me the same thing spent their whole life saving money. 20 years later they are still saving money and haven't once traveled the world, still live in the same general area, but still are still saving their money. For what? I don't know. The most valuable commodity is your youth. Worth much more than $60k or $150k when your bones are withered.

[–] [email protected] 0 points 2 years ago

You are on a frugal community dude, do you not get the whole point is convenient ways to save money. Making your own coffee or not drinking coffee at all is a very worthwhile endeavor. It takes about the same amount of time as drive to a coffee shop and get a drink. The only plausible thing I can think of is that you are being sarcastic. Otherwise just leave this community alone, some people actually need help and I don't really think you would have any valuable insights.

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago)

It's all about context though. $2000 is substantial to much of the people who live on this planet. You're right about that amount in investment returns would be considered small, but the people who this amount is significant don't usually have investments to rely on.

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago) (1 children)

The cheapest option is always cheapest for a reason. Incrementally so the amount cheaper it is than the average.

[–] [email protected] 0 points 2 years ago

The way I've come to phrase this principle:

You don't always get what you pay for, but you definitely don't get what you don't pay for.

[–] [email protected] 0 points 2 years ago (2 children)

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.

[–] [email protected] 0 points 2 years ago (3 children)

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.

[–] [email protected] 0 points 2 years ago (2 children)

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.

[–] [email protected] 0 points 2 years ago

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.

[–] [email protected] 0 points 2 years ago

Honestly, to me, that would be incredibly fast prep or your meals are pretty simple. Even easy meals I've made a million times take me half an hour. Most take one hour to cook and I still feel like I'm rushing around.

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago)

I just cook stuff that basically cooks itself. Crockpots, pasta, certain veggies and meats on the oven. After doing them many times I already know the timings for everything so I just put alarms to remind me of turning the fire off/flipping them in the oven once and that's it. Doing something else in between. Technically speaking you spend only a couple minutes actively cooking for each meal that way. Just don't forget to set the alarms or it's burnt (and move the particular meat from the freezer to the fridge the night before)

[–] [email protected] 0 points 2 years ago

I'm with you on cooking something like one meal. If I'm going to get out a bunch of stuff in the kitchen and put in that much effort, then I had better be eating for at least a few days off of what I make. Casseroles, stews, big pots of pasta, and holy hell was I excited when I learned how much curry I could make in one big crock pot and then put that on rice for like two weeks' worth of meals.

[–] [email protected] 0 points 2 years ago (1 children)

I would not habe worked in that time. I would have sat on the sofa and watched something on Netflix that I do not care about.

[–] [email protected] 0 points 2 years ago

It is not a crime to be unproductive. In fact, we all need to be unproductive occasionally.

[–] [email protected] 0 points 2 years ago

This is a little different from the others on this list, but a lot of DIY stuff for parties/weddings. The money you're saving is negated by time lost, not to mention unless you have unlimited time/ no job and are able to thrift everything, the components for DIY aren't that inexpensive. For my sister's wedding, we did everything ourselves. Everything from literally painting the venue, collecting/creating every table scape, my dad built the stage and dance floor, all the way through setting up the hundreds of little desserts on the day of. It was all wonderful and lovely. And took a massive amount of time and labor across several families. When you factor in the value of people's time, it was not less expensive than mine. We rented everything and it was so nice not to stress about dressing every corner of the room or decorating the bar, or making sure we didn't run out of ice on the day of. We still chose super frugal options because the wedding industry is a scam, but we just paid for everything.

Sometimes it's worth it just to pay people to do stuff. Value your time and mental health more than money.

[–] [email protected] 0 points 2 years ago (1 children)

Searching for the cheapest gas station. Too much time and gas.

[–] [email protected] 0 points 2 years ago (1 children)

In Australia there are apps that show cheapest prices near you, so at least there's not too much time and effort involved.

[–] [email protected] 0 points 2 years ago

Ah good. Sorry. I'm traumatized by parents driving obsessively around for hours looking for best prices on things...obviously there are better ways now.

[–] [email protected] 0 points 2 years ago (1 children)

I always thought couponing looked obnoxious.

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago) (2 children)

I don't care if I save $0.35 per grocery trip or $35. I really don't. And I'm definitely not wealthy! But when it comes to all those valuable pieces of paper, I've decided I'm not making the cashier scan and verify them one-by-one, the people behind me in line wait the extra time, the bookkeeper add them up and send them in, and then whatever clearing house wage-slave collect and destroy them.

I realize that sounds judgemental, but that's just my threshold. I genuinely feel everyone needs to decide how they want to live their life...

[–] [email protected] 0 points 2 years ago

my grocery store's app has a coupon section. I can scroll through them and add them to my loyalty card, so that they all get added to my order automatically. It's at least as valid a use of my time as playing Crossy Road. I don't use paper coupons.

[–] [email protected] 0 points 2 years ago

I worked for a big chain store. Like, a really big chain store, but not that one.

At the end of the night, they would collect all the coupons from the registers, weigh them, and throw them away.

The store would get credited based on the weight.

[–] [email protected] 0 points 2 years ago

The cheapest food is always a massive rip off. It doesn't matter if you're willing to settle for something that doesn't taste as good. The cheapest food has been stripped down to such nothingness that you need to eat 3x more to stay alive. It doesn't work for the same reason you can't just drink water and feel full.

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