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The Upper Limits Of Being Frugal-Spending More Yields Better Results?

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The Upper Limits Of Being Frugal-Spending More Yields Better Results?

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Old 09-03-11, 12:56 PM
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The Upper Limits Of Being Frugal-Spending More Yields Better Results?

http://finance.yahoo.com/news/First-Person-5-Products-I-ac-3331555504.html?x=0

Are you not tired of being flooded by cheap Chinese made junk? I sure am. Not only does the new frugality wears thin almost as fast as most of their products does, I am tired of stepping over homeless or nearly homeless bodies of people thrown out of work along with the increasing rate of trash even faster swamping the cities.

And apparently I am not the only one who feels this way. The consumer orientated article above and the flood of comments below the article shows how true these feelings are.
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Old 09-03-11, 01:14 PM
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I like to buy high quality stuff, but I look for it second hand or at clearance sales. I guess this is counter to the article.

I don't need much stuff lately so I restricted most of my household and personal shopping to yard sales this year. I usually get to local yard sales on my bike, so no gas cost.
My best find earlier in the summer was a pair of Oakley Minutes sunglasses with Iridium lenses. Paid $1.00 for them. I was going to ebay them but decided I liked them. Been wearing them all summer.

I will occasionally pay top dollar retail for something, usually bike stuff. But not that often.

I don't have much choice but to be frugal. Unless I want debt.

Paying top dollar at a store is not nearly as exciting as the rush of getting a good deal. Like those Oakleys.
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Old 09-04-11, 09:01 AM
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There's a difference between "cheap" and frugal. I find the mid-grade stuff is almost always the best bang for the buck. High end you pay a lot for just a little more benefit. Low end may work, but typically will cost you more when you replace it in the end.

A great example is furniture. Being military, I moved a lot and made the decision to buy good quality furniture, even though it meant buying one piece at a time and having empty rooms as I built up the collection. I had friends who furnished a whole house for what I paid for one piece. 3 years later, they paid the same for another house furnishing because either their furniture had worn our or the movers destroyed it in the move. I have some nice solid wood pieces that are over 20 years old and in great shape. I had a Lazy-boy couch that was 18 years old before it went; and that was because my pregnant wife's bionic nose said it smelled, despite having it deep cleaned. I couldn't smell anything, though... that could have been a ploy because she didn't like the fabric, though!

Anyway, the article is right. Cheap is cheap... quality is worth paying for!
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Old 09-04-11, 11:31 PM
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I like chinese food, does that make me cheap?
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Old 09-05-11, 05:02 AM
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I agree with skiahh. My ex father in law taught me the diff between frugal and a cheapskate. He once told me look at a mans shoes. It will tell so much about a person. He was right.

Our furniture is also high end like Thomasville and Ethan Allen. It took my wife and I ages to get even our formal living room furnished. The stupid hillbillies (for other reasons) at our last house were happy to furnish their whole house at Rooms to go. In less than a couple years the stuff was destroyed by kids, 5 dogs, kids friends and more kids friends spending complete days skipping school laying on the furniture. It was trashed. Now my Ethan Allen davenport looks as good as the day I bought it.
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Old 09-05-11, 06:00 AM
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Agreed on the furniture. My last purchase was an Amish built (and customized for my living room dimensions) TV stand...cuz you know how the Amish loves their tv's.
Kidding aside, that stand cost ~$250 more than some POS from Furniture Row. That was a slam-dunk no-brainer of a purchase. Couldn't be happier with it.

I wonder how much that $100 pair of Nike sneakers would cost if made in the US. The profit margin on sneakers must be insane.
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Old 09-06-11, 05:46 PM
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Originally Posted by skiahh View Post
There's a difference between "cheap" and frugal. I find the mid-grade stuff is almost always the best bang for the buck. High end you pay a lot for just a little more benefit. Low end may work, but typically will cost you more when you replace it in the end.
Plus eleventy. Most of the time, I find that buying something a few notches down from the top of the line is the best mix between cost and quality.
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Old 09-06-11, 10:02 PM
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Originally Posted by folder fanatic View Post
http://finance.yahoo.com/news/First-Person-5-Products-I-ac-3331555504.html?x=0

Are you not tired of being flooded by cheap Chinese made junk? I sure am. Not only does the new frugality wears thin almost as fast as most of their products does, I am tired of stepping over homeless or nearly homeless bodies of people thrown out of work along with the increasing rate of trash even faster swamping the cities.

And apparently I am not the only one who feels this way. The consumer orientated article above and the flood of comments below the article shows how true these feelings are.
If they dislike frugality, they'll really hate me, then. I don't even bother with the cheap imported junk, because even that's more money than I'm prepared to waste.
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Old 09-07-11, 08:50 AM
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It is more of a matter of careful determination of what yields the most bang for my buck for me. It varies from type of good and the various options for vendors.
I am perfectly happy with ikea for many home items as they last for a fair amount of time for me. In my opinion the cost is worth it for the amount of time I use the item.
Then there are cycling shoes and my irritable feet. I find that most pairs that work best for me are priced at least around $200 but I use them for a few years. The cost per ride is fairly low with how often I ride.
Conversely if I purchase a pair of pants at Walmart that costs 30% less than a decent pair at a competitor and I have to replace them 5 times as often as the expensive pair then that is not a good choice. I have found many items at that retailer that fall in that category. It is better to spend more for something that lasts longer. In the long run it saves money and aggravation.
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Old 09-07-11, 09:05 AM
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Originally Posted by skijor View Post
I wonder how much that $100 pair of Nike sneakers would cost if made in the US. The profit margin on sneakers must be insane.
Several years ago I knew that $60 Nike shoes are imported for $5 and I don't think the relative prices change that much. So probably the import cost is around $10-$12. The markup has to do with distribution, transportation, retail costs including all the stores operations, advertising, etc.
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Old 09-07-11, 05:41 PM
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Originally Posted by Big_e View Post
I like chinese food, does that make me cheap?
Heavens, no! I love and have loved Chinese food all my life. It is so healthy and you do get more bang-for-the-buck.
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Old 09-07-11, 05:57 PM
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Cheap Chinese made junk is junk because some retailer or distributor asked them to make this crap as cheap as they can. The Chinese, if spec'ed to do so, can make anything as good as you want.

I too look at thrift stores for clothes. Not all my stuff comes from there, but if I can find like new Polo shirts and pants there, just to wear to work, so be it. I'll spend more on my casual wear.

I do like used other stuff many times. Most of my musical instruments are used, as are most of my bikes. As far as the instruments go, I like them better used. I don't get so tense about banging them around that way. Bang a brand new guitar into a table and it's "Ffffuuuuuuu..." Do that with a used one and it's nothing more than "Whoops." Same for the bikes.

Things I that don't like used is certain electronics like computers. The used stuff is too outdated or priced too high. I do buy used Stereos at year sales. A 20 year old Kenwood sounds great. I've old stereos in almost every room. I can get them for like $5 at yard sales.

I buy fine crystal wine glasses at thrift stores too. I just never find whole sets. Not that it bothers me.

I'm certainly not ashamed of buying used, but neither do I feel obligated.
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Old 09-08-11, 11:19 AM
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I tend to avoiding buying stuff unless I need it, and have been amazed at the things some of my neighbors have left out for others to take over the years. We usually put things that are too good to throw out on top of one of the dumpsters (much like freecycle, except without the internet) for others to take. I've picked up a lead crystal vase (can you tell if that's used or not?), some champagne glasses, and other stuff over the years that may have ended up in the trash - all for free.
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