Monday, May 3, 2010

Not Always Frugal

While I was filling up at the gas station the other day I was thinking about how I'm not very frugal with certain items. How I spend my money and time is very important to me and I don't want to waste very much of it. However, there are a few things where I won't search for a bargain and will even sometime intentionally pay more.

I've heard a lot of people complain about the price of gas. Some people make the trip down south whenever they can to fill up and others drive out of their way to save a few cents a litre on gas. To me it has never made much sense. If you calculate the savings on a 2 cent difference, you end up saving 80 cents on a 40L fill up. Yes, I admit that adds up over time, but my time is also valuable to me and I don't want to spend it stressing about saving a few cents. Granted, I also have a pretty fuel efficient car, so I'm not filling up that often anyhow. When there are price wars, I typically go to the more expensive station just so I don't have to wait in line.

Don't get me wrong, I do believe in saving in the small things. In fact I think it is the small things that you have the best potential for reducing your spending. You could save more cutting out your coffee purchases at Starbucks than reducing your mortgage payments for example. However, I do have to draw the line somewhere. The cost benefit has to be there.

Also, this shouldn't be confused with quality. I believe in buying quality items, but not wasting money on things I don't need. I research my bigger purchases so that I know I'm going to be happy after I spend the money and so that I get it at the best price.

So what are the things that you don't worry about saving a little on?

No comments:

Post a Comment