Not all of you will agree with my list. Some of you, in fact, follow the advice below. I think it all comes down to what works for you and what doesn’t.
I’ve been given the advice below by my friends, co-workers, financial bloggers, and even strangers. I listen, absorb and I never argue because I believe that everyone is entitled to the life they choose to live.
Travel When You Retire
I’ve been told numerous times that we spend too much money on travel. I tend to agree.
We, probably, are delaying our retirement because we choose to travel instead.
We prefer to travel while we are young and can do activities that we, most likely, would not be able to enjoy when we are in our sixties or seventies (assuming we make it to that age.) We choose to travel while we can enjoy our trips fully.
Also, bare in mind that travel should not be expensive. You can take a road trip. You can go camping in one of so many national parks that the U.S. has to offer. You can take a cheap cruise and chill. Options for travel are unlimited, and as long as you are still saving and not financing your travel with credit cards, why refuse yourself something that you might not be able to experience later in life?
Get Rid of Cable
I don’t watch TV much but when I do watch it, I enjoy it. I don’t think that TV rots our brains and takes away our valuable time. I don’t snack (most of the time) when I watch TV, so it doesn’t make me overweight. Of course how TV affects your life depends on how much of it you do watch.
Our cable bill is $17 a month. Is it breaking our bank account? No. There are other things that do the damage.
We don’t have HBO, Showtime or Starz. We could try to be frugal (and miserable) and install a good over-the-air antenna, trying to get my favorite AMC channel. I, probably, would end up crying because my Sunday nights would be Mad Men-less. Don Draper alone is worth so much more than $17!
Buy In Bulk
“The more you buy, the more you save.”
Ever heard this marketing pitch? I have heard it numerous times, and I hate it. Why not to be honest and just say:
“The more you buy, the more you spend, the more you get what you don’t need.”
Same principle applies to the big warehouse clubs (Costco, Sam’s, and etc.) Beaker and I stopped shopping in Costco a long time ago. A family of two does not need much. We definitely do not need a case of 24-bottles of ketchup. Honestly, I don’t know anyone who does need it. Even if we (for some psychotic reason) do need a case of 24-bottles of ketchup, where in the world we would be storing it? Our small condo is not equipped with a great amount of storage space.
Make Your Own Gifts
I am not a crafty person. I am not a do-it-yourself person. I don’t do the following:
I am useless in DIY department. But most importantly, I would not enjoy any of these activities. Although you might save some money by making gifts yourself, you still need to spend to get what you need to make a gift.
Cut Your Own Hair
This advice always blows me away. Really? Do you cut your own hair? When was the last time you looked in a mirror?
I know people who cut their own hair. They don’t look good. They look like they cut their own hair. I have yet to see a person who cuts their own hair and looks good. If you think you are the one, email me your picture.