A Penny Saved…

I freely admit that I’m one of those old fashioned folks that much prefers to use cash rather than debit or credit cards.

The positive aspects of this are that I have a better idea of how much I’m spending, when it is literally -not just figuratively – coming out of my pocket AND it leaves less of a “paper trail”. My fellow “tin foil hat” brigade will know what I mean…

The negative side of these transactions is that I always have coins in my pockets.

A few years back I decided to turn lemons into lemonade and started saving the coins in a couple jars at the end of each day. Since we’re apartment dwellers, we always need quarters for laundry, so they have their own separate tin. When the jars were full I’d take them to the coin kiosk at the local grocery store and trade them in. Usually I’d walk out with $40-50, nothing to sneeze at.

Well, yesterday was the first “cash out” since pre-Plague. My jar of nickels and dimes had filled up, so I tossed ’em in a little wood box I had and kept going. Then I had to dump into another tin I had, then the jar was nearly full again! Along the way I started a second jar for pennies too…

I dumped all the “silver” into one plastic bag, then all the “copper” into another bag. I weighed the two before heading out and to my surprise, the silver coins weighed in at 17.2 lbs. and the copper coins added another 2.3 lbs. Nearly 20 pounds of coins! Now you see why I don’t like to carry them around in my pockets!

The kiosk takes a cut off the top for the service, I don’t recall off hand what it is, I think is was 12% or something, whatever. I’d rather pay that than buy coin wraps and spend the time sorting, counting and rolling them up myself, THEN taking said rolls to the bank to deposit, but I digress…

Now, granted this was the longest stretch of collecting – by a long shot – due to the Plague, but I walked out the store with $190 in “folding money”, with a little collection of coins to throw back in the jars for the next run!

Not too shabby!

Of course, in reality I just lost a little money with this exchange. But psychologically it feels like I just got a bunch of money for doing nothing but feeding the coins into a machine. Bottom line, I never would have spent the coins as they were, but by flipping them into cash I got the Mrs. and I a nice pizza for dinner last night and threw the rest of it into the emergency “cash on hand” pile.

You DO have an emergency CASH ON HAND collection, don’t you? If not, why not?

If you don’t (and you really, really should!!!), this is a painless way to do it! And did I mention you REALLY should have emergency CASH on hand?

Just my 2 cents…

Thanks for stopping by!

Frugal, not cheap.

I’m a firm believer in the old adage “you get what you pay for”. Now, this isn’t ALWAYS true, but in my experience, it is the case more often than not.

Since I grew up “lower middle class” and spent the bulk of my adulthood in the ranks of the “working poor”, I’ve always been cognizant of every dollar that leaves my wallet. But at the same time, somehow I ended up with expensive taste and a predisposition toward high end goods. And by “high end” I do not mean “designer labels” or “luxury”, I am far more impressed with quality of materials, construction and yes, design. Esthetics matter, to me at least.

I learned at a young age that my meager dollars went a lot further by buying everything I could used. Pretty much everything of value I had as a kid and young adult, was “pre-owned”. (I still laugh at that term, sometime in the 90’s, the genuis marketing folks decided “pre-owned” didn’t have the same preconceptions as “used”. Semantics. Silliness. But I digress… ) All my bikes and sports gear and musical instruments were used before I got them. My first few cars were hand-me-downs or used. And you know what? All of that stuff worked just as well as it would have if I’d paid double and bought new. The thing is, if new were my only option, I would have had to simply do without.

I also spent time, as a young adult, living on my own starting at 19, shopping the discount stores, flea markets and other such “cheap” routes. This is the time in my life where I learned the difference between inexpensive and “cheap”. No matter how good it looks at first, no matter what kind of great deal you scored, “cheap” is not worth the cost, no matter how little it is.

For example, I used to buy socks at the flea market. There was a vendor there that sold new socks at something like $20 for a dozen pair. Screaming deal, right? On the face of it, sure. But by the 3rd wash, they had elastic popping and were getting thin. Within a few months they would be unbearable. It was like wearing sandpaper in your shoes, really terribly uncomfortable. And when you work on your feet 8-10 hours a day, uncomfortable feet turn into painful feet, which is positively miserable.

Another example is sunglasses. I used to buy whatever cheap sunglasses I saw that I liked and inevitably they would either get a scratched lens or the frame would break. I have absurdly sensitive eyes and wear sunglasses virtually year round, whenever I’m outside. I’m practically blind without them in daylight. So as a consequence I was buying maybe half a dozen pairs of sunglasses a year.

Now those two examples are both things that have plentiful options in every conceivable price range but are also things that I use every. single. day.

When online shopping became a thing, I found some inexpensive wool socks that cost a little over double the amount of the flea market socks, and it’s like the light bulb above my head burst into light! Yes, I paid double but they lasted a year – 4X the longevity of the cheap socks. And the remained pretty comfortable that whole time, which literally improved my quality of life, spending so much time on my feet.

Too many people just look at the price tag. Others only care about what other people will think. Me? I ask, how long will it last, how comfortable will it be and do I like the way it looks? Let’s face it, no matter how good the deal and how good the product – if you think it’s ugly, you aren’t going to wear it, so every penny you did spend is wasted.

With things going completely sideways here in the US, and inflation slapping you in the face at every turn, it’s more important than ever to start getting frugal, if you aren’t already.

Clothing, tools, cookware, shoes and such are things that have nearly unlimited options in price-range, but the markets are flooded with cheap garbage. Be wary of anything that appears to be too good a deal, chances are there is a reason why something is being sold at a deep discount.

And while it does appear to be true that “they don’t make ’em like they used to”, quality is still out there, you just need to wade through a lot more garbage before you find it.

And I know it’s now trendy to shop for clothes at Goodwill and Salvation Army stores (hipster nonsense), but there are still good deals to be found there on things like books and CDs, housewares and things of that nature. Is it overpriced versus a few decades ago? Absolutely it is, but its still a better deal than off Amazon or from your typical retail outlet.

With the cost of living shooting for the stars and wages stagnating at best, every dollar saved is a good thing.

Be smart. Consider more than the price tag. Your wallet will thank you later!

Thanks for reading!

Fox Reviews Rock

Rock & Metal Reviews That Hit Hard

A Sound Day

hear ye, hear ye!

Cincinnati Babyhead

Speaks his mind on music & movies!

Von Steuben Training & Consulting

Leadership, Tactics, Innovation