Selling vs Spending

There are a lot of people who spend money to get that instant hit of gratification. Everyone has done it. We all know what it feels like to get something new. If you’ve ever gambled, you know how exciting it is to win too. So what is it that you are chasing?  

Let’s focus on gambling for a minute. You go in knowing that you might walk away with nothing, or even less than you went in with. But there is that chance that you leave with more than you had that morning.  If you do win, what will you do with that money?  Buy more things for a little more of that rush?  Does the cycle ever end before you realize that you are a rabbit chasing an imaginary carrot?  The funny thing is that for the rabbit, the carrot would at least be something good. 

The house always wins, right?  Everyone knows that too. They are making big bucks on suckers. Unless you rarely ever gamble and happen to get lucky that one time, you are losing. It’s spending money that you really love and winning more just lets you spend more. 

What if there was something that also gave you a little rush, but you always won when you did it?  This exists and it’s called getting rid of your shit. Sort of. It’s selling things you don’t need on eBay or some other market place. 

Imagine this. You EASILY list an item by downloading the app on your phone, taking a few​ pictures, and finishing up by following some simple instructions. Then, someone places a bid on the item. Depending on how you set up the auction, you may have just made money!  Then another bid comes in and you’ve made more!  Who knows howany more bids you’re going to get before the auction time runs out!  You get a few email notifications trickle through in those last few seconds, and you did it. You got rid of your shit and made a few bucks. 

Now package it up and ship it. Win win. 

Our Kids and Stuff

We took a look around and saw that our house is crawling with toys. The funny thing is that Darth only consistently plays with a few toys. He loves his Bruder construction vehicles, Hess Trucks, Hot Wheels, remote controlled monster truck, and Legos. Other new toys get about 15 minutes of play before they end up in a junk bin stashed in the basement. We had about five if these junk bin filled with pieces of toys, little shit toys like you’d get in a happy meal. 

We made a deal with our son that if he donate or sold what was in those junk bins that he barely blayed with, he could buy one nice toy that he would really like. 

He went for it and we got rid of several of those toy bins. He got the remote controlled monster truck that we like playing with together. We bring it on walks in the neighborhood and in the woods at the park. He has something he really gets use out of instead of the trinket toys. The hard part is getting other people to stop bringing this stuff into our house. 

It was a good way to consolidate​. Less clutter feels better. 

Our Kids and Money

We have had a few different plans and oddly enough, the unplanned is what seemed to make the most sense to young Vader. 

He enjoyed played a computer game with me where you have to win events like racing your vehicle, doing stunts off of jumps with it, and collecting coins. You are able to “level up” your vehicle to make it faster and handle better and you also have the ability to buy new ones and many times you have to earn a certain amount of points before you can unlock the next one. Then you also have to have enough money to buy that new vehicle. 

In the beginning, he​ didn’t understand why he couldn’t just get the firetruck. It was right there. He could see it and saw other people driving it in the game.  Everytime, I explained that we didn’t have enough money and showed him how we earned the money and how much we had in the “bank.” Soon he started asking me if we had enough money to buy the next vehicle in the game and I could see that he was putting it together. 

Making the transition to real money was easy. He knows that he has $11 and now we are working on him not wanting everything in the store and on YouTube. 

If someone told me that they used a videogame to try to teach their kid about money, I probably would have thought it was a bad idea, but, whatever works. 

What DO We Spend $ On?

Aside from the basic needs, we usually will spend some extra money on footwear. It’s not that I’ll go seeking out a specific brand, it’s just that the really cheap stuff just never seems to fit right or be very comfortable.

I do tend to hang on to shoes and boots for several years, usually until they start falling apart or begin to take on water.

Something I’m having a hard time letting go of are my coats and jackets. I have a black wool dressier coat that is my main winter coat, a light rain coat wind breaker thing I wear a lot, a waterproof winter coat, a Dickey’s work coat, and this green army looking coat. I considered buying one coat that has a fleece jacket inside to get the two in one deal, but I never did it.

I don’t spend extra money on tools, car parts, clothes in general, furniture, electronics, anything really. I think I’ve gotten along just fine not going top shelf. Well, there are a few consumables that we do spend money on. Those are beer, wine, and I have some nice bottles of scotch in the cupboard. I have a plan to cut back on the beer spending because the craft stuff is so damn expensive. I will be saving those for special occasions rather than making it a weekly expense. As for the wine, my wife has been getting boxed wine and it lasts way longer, so you don’t have to pound the bottle in a couple of days. Don’t judge the box, it’s becoming more popular and there is good stuff you can now buy in the box. If it tastes good to you, then it’s good.

We did recently sell all gas powered lawn equipment and replaced it with electric. We started with the snowblower. It was big and heavy, sucked to store, and it seemed like everytime I needed to use it, we were out of gas.  Not to mention, you smelled like an asshole after you used it and it was loud as hell. Well, not anymore!  The Greenworks 80v snowblower only weighs 30lbs and had enough juice to clear our driveway out after a big storm this year. I can fold it up or hang it on the wall too.  Here is Darth Vader and I doing a little demo of it.

The same goes for gas mowers. They suck. We will be getting the Greenworks 80v mower this week that will share the battery with the snowblower.

With this technology being somewhat new, finding used units is very hard. I haven’t found any near me at all, so this time it will have to be new.

Earlier I said I don’t spend extra money tools. Let me clarify that. I have spend a shit load of money on tools, just not more than I needed to. I buy anything I can from Harbor Freight, as long as the online reviews are good. If not there, I’ll look at Amazon. If you were going to bring your car to get the brakes replaced, you’d probably be looking at between $300 and $1000 to get them changed. Why not put that money toward the equipment needed to do it yourself?  Everytime something comes up where I don’t have what it takes to get a job done myself, I make that investment. It is always wayyyy cheaper than paying someone else to do it and you also have the option of recouping some of that money if you decide to sell the item when you’re done with it.

Remember that a lot of outsourcing isn’t necessary with the internet around. Look at it as a task before sending the work off to a “professional.” You might find that it’s not as tough as you think. Have some confidence in yourself and have a back up plan if you do get stuck. This is a huge area of savings that could even turn profitable for you if you end up liking to do the work.

Our biggest money sapper is still food.  We go out more than we should and we could probably cut back on groceries although we have gotten better about buying less and wasting less by going more than once a week.  We get the bare essentials one day then just make trips while were out and about if we end up needing more later in the week.

We will continue to learn from our mistakes. That’s one of the only things setting us apart from the vast majority of the general population.  You don’t really ever “learn your lesson” if you don’t modify your behavior before the next incident occurs.  Learn and improve.

Your Clothes

I’m going to get fired up while writing this one, I know it, because I know me. 

I rarely buy clothes. I am wearing a belt right now that I got in 1999. I wore pants to work yesterday that I got in the mid 2000s. Why?  Because there is nothing wrong with them. I’m not trying to impress anyone with fancy duds. If my wife is ok with it, then so am I. She happens to be ok with it. 

I own less than 50 articles of clothing right now. That sounds like a lot, but it’s not. I have undies, socks, a few solid color t-shirts, a Beatles t-shirt, a Fender t-shirt, an MS bike tour t-shirt, a pasta sauce t-shirt, two jeans, three sweatpants, a hoodie, five dressy shirts, three dress pants, some undershirts, a couple of sweaters, and three flannel shirts. Even that seems excessive. I think I am going to get rid of all of my socks and just get one color because you can’t really see them, I don’t care, and sorting them sucks. I have a pair of boots, brown and black dress pants (I can probably downgrade here too if I ditch brown related dress outfits), and a couple of coats. 

I got rid of a ton of clothes recently. A ton. People who I work with know I wear the same stuff all the time. Having less makes decisions easier when getting ready for the day. Wash loads are more frequent, but smaller and easier to manage. 

When I do buy clothes, which I don’t, they are from second hand stores or bargain basket sale deals from Walmart or Kohl’s.  I’m not a kid jumping around on my knees worrying about wearing them out. I sit at a freaking desk at work most of the time, so quality means very little to me. You aren’t going to sell me on the “feel” of a $1000 suit. Comfort is super important to me, but so is price. I would wear sweatpants and t-shirts or hoodies every day if I could. And why can’t I?  A few months ago while browsing a Goodwill, I found about ten fleeces in excellent condition by brands such as L.L. Bean, Landsend, and Columbia, all for less than $5. My wife even got a Mountain Hardware jacket for $5 a few years ago!

Rant time – dress to impress, dress for the job you want, not the job you have. BS. Dress me up, I do less work. I’m unconformable. It does nothing to my mind to improve my performance. Stop it. 

I went to a Louis Vuitton store in Phoenix years ago and it turned my stomach. I curiously asked the guy working there how much for the golf bag and he said, “eight.” I laughed and said, “eight hundred dollars for a golf bag?” He did not laugh, but replied, “eight thousand dollars.” I don’t know if it should or not, but that just pissed me off.  I feel like I wouldn’t have much in common with the kind of person who would buy something like that, but who knows?  Wrong. I know, I wouldn’t. Bath towels were $200 and they weren’t spun from unicorns tails. They felt like the ones I’ve been using, since, I don’t know if I’ve ever bought new ones?  I have not personally ever purchased a towel. I think I stole a few from my parents when I first moved out and my wife might have bought some, but they work great!  I can even dry myself off with them after a shower. I wonder if anyone has checked the tags to see if they were designer while they were hanging on the backs of the door?  Probably not. 

I mean, what are you really paying for here?  It’s like you just want to pay the people at the top of a particular company when you overspend on things like this. We KNOW that the cotton in them isn’t magical. So why is it so expensive?  We KNOW that the people who actually made them are not earning great wages or even using some special skill to make them. Where the hell do you think your money is going?  Designer fashion easily makes it to my top lists of useless industries. 

Using your cost-value knowledge, how much “better” are Versace socks at covering your feet than the Berkley-Jensens I got from BJs?  Hmm. You think about that one. 

Summary, get rid of clothes you rarely wear and spend less on the ones you do buy.  

Acorns – Your Digital Change Jar

A few months ago I heard about an app that synched with your checking account, rounded up every purchase made with that account, and invested it for you. The cost is $1/month. I think the name has something to do with squirrelling away money? The app is called Acorns

Here is how I’ve done so far. I don’t miss the money at all because it’s doing all of the work for me and since I rarely have cash on me, this works great.

I will say that the returns aren’t great, but I just use it as another savings account. If you suck at saving or have something particular that you are saving for, this might be a good solution for you. 

Click here to download the app and start to save more tomorrow. 

Do I have to Go Without?

No!  You just want to take the big picture into consideration. 

If you are passionate about playing the piano and want to keep taking lessons to get better, then do it. Consider if what you are putting your money toward brings you some happiness. Not brief gratification, but something lasting that your really enjoy. 

Maybe you collect trinkets and this is also tied to your social life, keep doing it. You’ll be allocating funds from other areas you’ve saved to apply here and this should also be part of your budget so that the spending doesn’t get out of control. 

Something I’ve had to do a few times is scale back on my hobbies and what I’ve bought for them. I meantioned before that I used to have four guitars and a lot of photography equipment, but realized I could sell most of that stuff since I didn’t really need it. My basic needs in the hobbies were still satisfied with the basic gear I held on to. 

Just keep the end goal in mind and ask yourself if this spending will get in the way of what you want your future to look like. Ask yourself what is more important to you?