I used to be excited when I bought something on sale. The “deal” was my indication of success. In hind sight, I wasted a lot of money with this mindset. Price is only one part of the equation.
A better way to think about your purchases is to determine the cost per use.
For example, when I changed jobs 3 years ago, I needed a lap top bag for client appointments. Professional looking was a must and something sturdy was vital. I decided on a black Michael Kors tote so it could double as a purse. I’ve used it just about every day for three years now and it looks brand new. I anticipate it will last at least another two years.
That tote was a great purchase. It was about $250.00 at the Michael Kors factory outlet store (not on sale.) Since the purse is a classic style, made to last many seasons and goes with everything I own, it was a winner.
Continue reading “Smart Shoppers Guide: Look Fabulous For Less Money”
In Episode 10 of Tightwad Tuesdays, I share thinking behind making a major purchase.
Skiing is my favorite sport so I bought new boots this season.
Were they an expense or an investment? You tell me!
What was your very best sporting goods purchase?
Have you heard of The Project 333 Challenge: Reduce your wardrobe to 33 total items?
The system consists of paring down the clothes in your closet to the items you love the most, fit the best and go together well. Now that’s a sensible idea! Courtney Carver, the mastermind behind Be More With Less, recommends 33 total items including footwear, accessories and jewelry. Workout clothes, pajamas, and sportswear are exempt.
Why would I pare down my closet to 33 pieces?
Continue reading “5 Benefits Of Building A Winter Wardrobe Capsule”
I am serious. Take a hike!
You support national, state and local parks with your tax dollars so get out and use them – for free.
In this episode of Tightwad Tuesday, I encourage you to enjoy the great outdoors.
Imagine you were given a check for $20,000 with these instructions:
Spend this on yourself within the next 18 months after answering three questions.
- What would make you the happiest?
- What do you love to do but haven’t done lately (or in many years)?
- What would make you feel incredibly peaceful and blessed?
Then use these funds to take care of yourself.
Wouldn’t that be incredible?
You might be thinking, “That Nancy is mean! No one is going to give me 20 Grand.”
Hold on a sec. Just dreaming about a gift like this is surprisingly valuable. Besides, this just happened to my best friend Dianne — so it is possible.
Let me explain.
Continue reading “Money Can Buy Happiness: Here’s How To Spend It”
Think like a squirrel. Oak trees provide plenty of nourishment for the most industrious squirrel.
We’re the same way. If we make the most of the money have, we’ve been given, earned and will earn in the future, we’ll have more than enough to enjoy life.
When I was a teenager, I saw this with my own eyes. My father retired from the U.S. Navy and my parents bought an orange grove in Central California. We designated one tree for the family’s use and the rest of the fruit was sold.
Just from the one tree, we had way too many oranges for one family! In fact, we had so many, they would drop to the ground and rot. My brother and I used to play “orange baseball” with the rotten ones.
We took turns pitching them to each other and hit them as hard as we could with a wooden bat. The goal was to spray the sibling with orange pieces. We’d come in the house covered in orange juice and orange sections.
In other words, we had plenty of oranges to spare. We were “orange rich.”
Continue reading “What Does Wealthy Mean? Think Like A Squirrel”