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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

 

It's not "only a nickel." Here's the actual cost:

Purchase price (5c)

plus Cost of discovery (time is money)

plus Transportation cost (lost mileage)

plus Storage cost (packing + unusable square footage per time + unpacking)

plus Inventory cost (mental load to remember you have it and where it is)

plus Mental cost of clutter (if you choose to factor it in)

If you're going to treat your living space like a warehouse you should account for it like one. Now how much do your garage sales cost?

I think it is OK to buy a few things to put away for future giving.  Hoarding, however, is another matter.  What about the kids who have been given a dollar or two to spend at a yard sale and get there only to find nothing there to buy?

When I first started shopping at thrift stores I was buying too much stuff just because they were such good deals!  After a few months I realized that I need to be just as picky when shopping at Goodwill as when shopping at a department store and ask myself "Would I even look at this item if it wasn't so cheap?" If I wouldn't then I need to leave it there for someone else - it's not my style and/or I don't need it.

Of course sometimes I do buy things I normally wouldn't just because I want to try something different - sometimes it works out and sometimes it goes back to Goodwill.

It also helps that I have a small house without too much storage. I just can't horde too much stuff.

And as far as gifts - I generally only give things that can be consumed and I like to receive the same - wine, chocolate, nuts, cookies, etc.

thank you for sharing this one.  It may be dumb to some folks but I find it very true and interesting.  The things we thought we need!!

How did this get 3 1/2 stars? Total waste of your time & talents. Find something important & do it.

This article was not helpful and did not contain any INFORMATION/. Please try to find something more worthwhile to write about.

Great article, Donna! I too am a compulsive "bargain" buyer, only my weakness is fabric & patterns. When we bought a much smaller house than the one we'd been renting, I promised my husband I would not buy any more fabric until I've used up what I already have. Then I sat down with the entire stash spread out around me, matched fabric to patterns in clear (cleaned) produce bags, and gave away ALL the leftover fabric to a local group that makes charity quilts. Now I'm having a wonderful time working my way through the bagged projects!

I recently read an article (can't remember where, alas) that gave me the best advice I've heard in a long time about dealing with clutter - which also happens to be a great way to deal with overspending. The article said, before you buy anything other than necessities such as food, soap, etc., to ask yourself three questions and not buy the item unless you can answer "Yes" to all three:

1) Do you really NEED it?

2) Will you USE it enough to justify the price?

3) Do you have somewhere to put it / keep it?

These three questions have saved me hundreds of dollars and I don't even know how much living space!

Actually, I blame it on my Scottish blood, but I, too, have an obsession with finding just the right article for just the right price and have gotten carried away with the whole "Ooh, just the right item for 'whatever occasion' " only to realize when I got home that I was accumulating, well, for lack of a better expression, too much JUNK  and that what seemed like just the right item in the store now looked like I missed the mark in an attempt to save money on future gifts.  

Donna,

You're lucky it's just one chest.  Try the entire guest room.  It wouldn't look so bad if it were organized but that room qualifies for the TLC organizing/throwing out show!

As I can see by some of the responses, there tends to be a sort snobbery by people who focus more on how much they save compared to how much they overspend.  It's still overpending people, you're no better than the people using plastic.

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