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Some Interesting Articles

September 19th, 2013 at 06:27 am

I came across a few random interesting articles the last couple of days.

How the Traditional “Rules” of Frugal Living Often Vastly Undervalue Time

http://www.thesimpledollar.com/how-the-traditional-rules-of-...

This article I did not like at all, but was worth sharing. To me, this is the *perception* of frugality. I have always found it ironic that being frugal buys us infinitely more time. So, my real experience is generally very opposite of the perception.

The main example in this article is car buying. & mentions that buying a clunker means buying a $2,000 car every 30,000 miles. & then goes on what a PITA it is to buy a car. Seriously!?!

Reality: I've owned some clunkers and we have only bought used cars, but we on average keep our cars far longer than any non-frugal type. I did pay $1,000 once for a car I drove for 7 years. You could argue I got lucky, but we paid just under $8,000 for dh's car (almost new), are 12 years in, and will easily keep for 20 years. If it is not totaled, we will keep it for 20 years.

I've watched everyone I know who snidely told me, "I buy new so it lasts longer" replace their cars once or twice in that time. Plus, they can never actually afford to keep their cars in good repair. So, in the end, not only are we buying less cars, but they seem to be more reliable and in better working order. I think almost everyone I know had no A/C in their car during a brutal summer with a very small kid or baby. Honestly, I would be concerned about the physical safety of that situation. But, you know, I am the cheap one! Rolleyes

So, yeah, I just happened to randomly come across this article and had to comment.

I know a lot of frugal people, and even a lot of *extreme frugal* types, and none of them are buying a car every 30,000 miles. That is just dumb. This is maybe what you do when you have no other choice. If you are frugal, you are saving your pennies to buy a better car next time. {The vast majority of frugal types that I know buy one car - used or new - every 15 or 20 years. We bough old clunkers when we were 16, and then saved up to buy replacement cars that lasted much longer. The "clunker" concept is for when just starting out. It is not a long-term car plan. Likewise, the point is to buy a reliable car that just maybe isn't very pretty. Not sure we have ever owned a true clunker. Just some older and less pretty cars - very reliable though!}.

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Subsidizing Spouses

http://economix.blogs.nytimes.com/2013/09/16/subsidizing-spo...

I just came across this economics blogger and found her articles very interesting.

"Our public policies contradict one another, stigmatizing unmarried parents who lack paid employment as lazy bums (and enforcing stiff paid work requirements) but subsidizing married persons who specialize in family care, especially if they are married to high earners."

Read her articles and the comments, and just a lot to think about. I am glad I stumbled across this writer.

I think this is also another case of perception versus reality - when it comes to the part of the article that I quoted. Lord knows many people have never had anything nice to say about the idea of either someone like my mom or my husband staying home with the kids. But, at the end of the day, there are significant benefits to this type arrangement. & we are well aware of the benefits that we are reaping. Lord knows perceptions never seem to have anything to do with the reality, in this case.

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Why So Many People Fail at Becoming Debt Free

http://www.frugalrules.com/people-fail-becoming-debt-free/

Anyone concerned about becoming debt-free should read this article.

" Lack of Vision

This is likely one of the most important parts of a successful journey to living debt free. Whereas a good understanding of your debt will motivate you through fear, a good vision of your life without debt will motivate you through excitement."


Maybe some of the rest of this article are more obvious things to ponder. But, this last point is really key.

& this kind of goes back to the first article. It's kind of hard to have the vision if you equate being debt-free with pain and sacrifice. I think you've got to be really focused on the up-side. Otherwise, why would you even bother??

3 Responses to “Some Interesting Articles”

  1. Miz Pat Says:

    Interest stuff, I like the last article best.

  2. FrugalTexan75 Says:

    Interesting. I had my first car (used) for 3 years, then my parents bought it from me and kept it two years. My second car (new) I had for ~15 years. My current car (used) I plan to keep for at least ten years. Replacing my car every 30k miles would mean approximately once every three years ..., that would be very aggravating.

  3. MonkeyMama Says:

    @FT - well, you drive like a wealthy person. Big Grin Actually, I think that is impressive, because I get the sense that it is also easier to keep cars *much longer* where we live (no salt or snow or extreme weather to contend with).

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