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Frugal overspending is still overspending

Posted Aug 08 2008, 02:08 AM by Donna Freedman
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After a recent yard sale foray, I needed to squeeze what I'd bought into my gift closet. My "closet" is actually a big cedar chest bought for $15 at yet another yard sale. Because I'd been tossing stuff in higgledy-piggledy, I couldn't fit the new stuff in without reorganizing the stash. When I did, I was a little surprised to find out just how much I had.

Hardbacks bought at the dollar store (yes, they're by legitimate authors and no, there wasn't a mark on them) and at yard sales, plus quality fiction picked up for as little as 40 cents from the university bookstore's clearance table. Games, coloring books and a really cool fire truck bought pennies on the dollar a few months after Christmas. Unopened book-toy combos that cost as little as 50 cents at garage sales. Washable markers that were free after a drugstore rebate. Art card sets, gorgeously scented spa items, a craft kit, picture frames, candles -- all of it cheap. I felt like a frugal Santa Claus.

Once the lid was closed, barely, I congratulated myself for being all but finished with my holiday shopping, and for having enough kids' gifts to see my great-nephews through three or four more years of Christmases and birthdays.

I'm somewhat concerned, though, that I obtained all these things without being fully aware of how much I had.

Nothing succeeds like excess
I've written before that the trouble with yard sales and dollar stores is that things are too cheap. It's easy to overdo it and wind up with things you don't necessarily need. But if I see a set of pick-up sticks for 5 cents at a yard sale, well, why not buy it?

This particular time, it worked out: A young relative who's visiting this week was very excited to learn that I had pick-up sticks. A nickel to make him happy -- am I going to miss a nickel?

But when do I stop? That young man's mom might want to hit yard sales this weekend. Suppose I see killer prices while I'm ferrying her around. It's likely I'll be tempted when, after all, it's only a quarter.

Yet why buy it if I don't need it? Don't I already have enough?

Because it's hard not to buy at those prices, that's why. These days you can't buy much with a quarter, so the idea of getting an article of clothing or a book for two bits is very satisfying.

Yet that's the kind of attitude that could get a person in trouble. I'm afraid I might wind up with a house full of toys, books and fancy bath salts -- and there are only so many special occasions in a year.

There's also the cost factor. A quarter here, 50 cents there -- before you know it you've got some serious money stashed in a cedar chest in your living room.

Put it down and walk away
The big question: Will I stop buying?

Sometimes it's an easy choice, as with the dog statue I found at a yard sale for a quarter. Cute, yes, but I didn't have anywhere to put it and, more to the point, I didn't need it. I put it back.

It's harder to be smart when I'm looking at books. Many, many times I've had to remind myself that I don't have any more room for books, that I should be giving books away rather than buying them, and that if I really want to read that particular book, I can get it from the library.

Ditto children's toys, clothes and books. I'm discovering how easy it is to get carried away when young children are back in your life. When I see games or book-and-toy combos still shrink-wrapped at yard sales for 50 cents, the grandma gene is activated. I'm suffused with the urge to give presents to my great-nephews every time I see them, plus five or six gifts apiece for birthdays and Christmas.

Of course, I just answered my own question. The fact that those toys were never opened means that somebody else's kid received way too much. Imagine having so many things that you never got around to playing with them.

Right now, I'm imagining a gift closet that never empties. I'm imagining my great-nephews in college and me struggling to close the lid on a cedar chest full of "Go, Diego, Go!" checker sets and Maurice Sendak books. I'm also imagining the kind of monsters I'd be creating if these kids started to expect a gift every time they saw me.

Overspending at a yard sale may be cheaper than rampaging through malls with a credit card, but it's still overspending. I need to get a handle on it. That doesn't mean I can't spend money. I just want to spend it on things that matter.

Comments

 

I don't go to yard sales for this exact reason, BUT I can relate to the idea. How many times have I been in a store and picked up an extra item just because it was cheap (4 jugs of detergent for $10) when I already had six at home? Stockpiling can be a sensible thing to do, but I also have started to consider how much of my money I'm tying up in goods while that money could be earning interest in my savings account until the next time something goes on sale that I actually need. Right now I'm trying to eat only out of the freezer and cupboards for the next pay period, just to reduce my overstock.

By the way - my family is all deceased, so those of you who do have children to buy gifts for can count your blessings. Yes, I contribute to Angel Trees and toy drives, but I would give a pinky to have a loved one to buy for at Christmas.

I'm not sure I understand all the flack you're receiving over this article.  Money spent is money spent, whether it goes to a yard sale or to a Best Buy.  Granted, there's "less" money spent at a yard sale...unless you keep going back.  This principle applies to all aspects of our spending, and not just the yard-sale versions.  Are readers missing this point?  It reminds me of those people who shop seasonal sales for clearance items, then spend $100s of dollars in "deals" they didn't really need.

Unfortunately, I think you're running out of material.  I love you, Donna, but I'm sorry.

Time to get a real full time job and live a real full time life.

Seems less like an article about frugality and more focused on hoarding behavior.  People who can't pass by a "great sale" are likely to end up stockpiling more stuff than they need. . . .till you end up with several lifetimes worth of body soap and towels in your closet.

I understand! I'm a college student who enjoys getting a bang for her buck! However, I realized I wasn't quite as frugal as I believed when I took a good look at a few bank statements, a dollar here and five dollars there add up! I feel your dillemma and it was a humorous look in the mirror!

Donna, I've noticed that you just can't win. Let your detractors start their own blogs.

While I'm the more money-conscious of the couple, this is one lesson my boyfriend nailed much sooner in life than I did: Cheap does not equal Frugal. Cheap has everything to do with price, but frugality has more to do with priorities and lifestyle choices. I picked up some pack-rat genes from my mother, so it's always been tough to throw away items, especially since I tend to overthink purchases. Boyfriend, while historically a little reckless in spending, is very big on a clutter-free life. I helped him move, and we got all of his worldly possessions in one car load (clothes included, but not his bed). When he helped me move, it was more like five or six. He's starting to rub off on me, and I think I'm better off by it (even better, you should have seen his face when I saved $40 at the grocery store using sale planning and coupons). We all need stuff, but only so much; after that, it's just clutter. About one car load of my stuff ended up at Arc last month, and instead of missing it, I'm enjoying a manageable closet.

At the same time, I've lost a little weight, and I'm going to Arc in a few days to see if I can't pick up a pair of nice-fitting jeans before classes start. Cheap jeans that make two months of healthy choices apparent: priceless. And frugal, too.

Thanks for the interesting but rude awakening article!  I believe this is becoming a pass time for many women of our generation. With adult children and an upcoming generation of surprised and smiling young faces to enjoy who could resist? There never seemed to be enough under the Christmas tree, or on birthdays, todays parents give all year round not just on special occassions making it more difficult for grandparents to be creative in gift giving.  I too found that my gift room was beginning to look like I could have more than one yardsale to dispose of things that had become "out dated." I finally gave up, made a list of who I wanted to give the gifts, sent them all at one time to the giftee and gave the rest to nursery schools thus emptying the room.  Now I keep a small spiral book in my purse with a name on the pages for each person I think I want to share my gifts.  When I see something I'm tempted to buy for a specific person (child or adult) I consult my little book. If there is more than 10 things listed for that person, I grudgingly walk away. I have also found that when I present a child with a saving device (piggy bank, savings account etc) and accumulate enough non-purchased gift amounts ( $1.00 or more) I either give or send them the cash to be put in their savings.  I was thrilled when I learned that the parents of the children had taught them how to keep track of the small amounts I had given and duplicated it on the child's birthday. A double dose of savings for their future and a way to teach them the benefits of saving.

I've been reading your blog for quite some time yet have never posted. I find it quite insightful and informative. I recently put one of suggestions to test. I transferred a Rx to Rite Aid from CVS for a $30 gift card. The Rx cost was only $5 and a profit of $25. It cost me no gas since the Rite Aid is walking distance of my home. I saved the $25 for my child's birthday party the following month. I got the cake mix with the gift card and a free tub of frosting with a coupon. I used the remaining amount for school supplies found very cheaply and plan to store for next year. Keep up the good work and I look forward to more tips!

Boy can I relate to this.  Another one of my weaknesses....99c stores.  I go there with no purchases in mind since you never know what you're going to find.  I leave spending at least $100 every time.  I just have to stay away.  These stores stay in business on people just like me!

<creditmomblog.com>

Donna,

             I have this frugal deal overspend myself, and  I am now realizing in this economy, it has to stop.

                It's funny, as a kid I never remembered toys, children can only bond with 3

on holidays, they get stressed out and overwhelmed. I remember the hugs, and back scratches, imprinted on my heart.

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