I got around to picking my free 8 x 10 up from Walgreens, today. Really confused the cashier, who was skeptical and could not quite believe my picture order would be free.
I had 2 great "lightbulb" moments today - just reading SA blogs.
So thank you everyone for the enlightenment!!
Do You Suffer From Decision Fatigue?
"The basic point of the article is that decisions of any size require energy. The more you make during a day, the more likely you will either make a crappy one or that you will go with what is recommended to you ... and in a sales situation, its always going to cost."
"People sometimes consider my tactic of setting a routine to be ho-hum, but it means that I don't have to re-make routine decisions and I free myself for the biggies during the day."
"Every so often the question, "what is the most frugal skill one can develop?" pops up. I thought it was math estimation skills but I might make the case that preventing decision fatigue might well be it."
On a simplistic level, I also think that being anti-debt also sinplifies the decision making process. It's pretty simple to arrive at a "Can I afford that or not?" conclusion. The answer is if I have the cash or not (on a very basic level). Having access to large amounts of readily accessible debt really makes the answer to this question harder to pinpoint. (Or - if you don't have any form of a budget or spending limit!) That, I have observed over the years. But I never thought beyond that to how fatiguing it would be to have to constantly evaluate those type decisions. For me, I simply don't. Just one more way in how simplicity brings a level of peace and happiness that is hard for people deep in the debt cycle to comprehend. (What appears to be deprivation and "ho hum" on one level, is actually very simplifying and freeing!)
Petunia shared an article today that gave me a huge "aha!" moment.
Housing horror: Worse than you think
She was sharing the article just as another doom and gloom real estate report.
OF course, I think real estate is very doom and gloom (just looking around me), but I have mentioned that I seem to be in a sea of people who have no clue, and think real estate is the next big thing! (I see a *bubble repeat* in buying behaviors in our own region. People still buying more than they can really afford, and buying far more frantically than they need to).
There was this quote in the article:
"Simon also points to the affordability index, which measures the ability of a family with the median national income to buy a median-price home at current mortgage rates. The index is near an all-time high and double its level in 2006 at the peak of the bubble.
"I would never have believed this index could get so high," he says. A rise in affordability should have spurred purchases, boosting prices and keeping a lid on the index. "What this instead means to me is that the credit is not available to most people," he says. "Houses aren't cheap if you can't get the loan." Simon worries that the problem will get worse in October, when Fannie Mae, Freddie Mac and the Federal Housing Administration drop the maximum mortgage they will buy to $625,000 from $729,750 as a temporary increase expires."
I had to read these paragraphs a few times to get it to sink in. I know everyone around me is chanting, "home prices are lower than ever - deal of the century," blahblahblah. & I have no idea what planet these people are on - beyond maybe not having an inkling what real estate did before the year 2001 or 2002. (& I do think that is a big part of the problem. Society today equals such SHORT TERM thinking).
So, this is why I had to do a double take that some affordability index was supporting this *crazy thinking.*
People are looking at home affordability based on monthly payments. *ding ding ding*
Sure, you could buy a home for significantly cheaper as recently as 1999, say. BUT, interest rates were twice as high then.
I finally *get it.*
I look at things at full price and big picture. I can't get all excited, myself, just because loan rates are temporarily down. This only really matters if refinancing was never an option. But, the truth is most people who bought just a decade ago, have refinanced and are enjoying these record low rates, too. Thus, they bought when affordability was far better (in a big picture way).
& so now I get it.
& I personally ain't buying it!
But at least now I know what everyone else is talking about! & I Feel stupid for not realizing it sooner. I know that most of my peers think in terms of payments versus actual price (when it comes to everything else). I should have figured this out ages ago!