Author Topic: Since MMM, How have your purchases changed?  (Read 3359 times)

Tyson

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Since MMM, How have your purchases changed?
« on: October 27, 2015, 11:38:08 PM »
I'm still relatively new and working on my MMM muscles.  Savings rate is increasing and buying of stuff is definitely trending downward rather sharply.  But I still buy stuff.  However I've noticed a change in the pattern of the types of things I buy. 

Old me - bought very expensive audio and home theater gear, tons of hirez music and other media, lots of full price trendy clothing, flashy cars, ate out all the time, drove everywhere, etc...

New me - bought an ebike conversion kit and finally started riding around on my bike everywhere, bought fenders to fit to the bike for when it rains, realized I don't have rain pants or even any shoes I'd be willing to get nasty from road splash, or even a real rain coat.  So I found some decent bargains and I bought them.  And now I use them to ride my bike in the rain.  Also, no grease for the chain, so bought that too. 

Net result, I spend a lot more time outdoors and a lot more time exercising.  Which saves me money from joining a gym and also from not driving my car much at all.  Anyway, the pattern used to be just buying disposable crap, and now I feel almost like I'm investing in things that are going to pay off over the long haul.

MrsPfennig

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Re: Since MMM, How have your purchases changed?
« Reply #1 on: October 28, 2015, 01:53:08 AM »
When my Iphone broke, I did not get a new one. I actually divided the price I paid through the months it lasted (i took very good care of it). I paid 25 Euros a month! It's facepunch worthy. If my new phone (a Nokia) last as long as the Iphone lasted (a little over two years), it will cost me 5 Euros a month.

mies

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Re: Since MMM, How have your purchases changed?
« Reply #2 on: October 28, 2015, 03:11:48 AM »
I've always been pretty frugal, but I haven't bought much fun stuff since I started this approach to spending. Since April, all I've really spent money on is paying down my mortgage and repairing stuff. I was planning on buying a new camera lens for wildlife photography, but I've gotten so wrapped up in optimizing my finances, I haven't been worrying too much about the lens.

Mother Fussbudget

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Re: Since MMM, How have your purchases changed?
« Reply #3 on: October 28, 2015, 03:28:10 PM »
I use the "Add things to my Amazon cart, but don't buy them until I've let it sit there at least a week" method. 
It really works. 
After a week, you either:  a) find it somewhere cheaper (thrift store, bargain store, etc), or b) 1 week later decide you really need / or don't need it.  OR... let it sit in the cart for another week. 

Cornbread OMalley

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Re: Since MMM, How have your purchases changed?
« Reply #4 on: October 28, 2015, 08:39:54 PM »
I've been frugal all of my adult life.  Find the MMM site has just reinforced my habits.  I have splurged on stuff that I really liked.  For example, I love hiking and backpacking so splurged on a pair of custom-made hiking boots that cost me $800.  But for the most part I save about 45% of my salary.  I don't see any dip in quality of life.  I'm getting ideas from this forum to tweak my investment portfolios.  Lots of knowledge on this forum.

FiguringItOut

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Re: Since MMM, How have your purchases changed?
« Reply #5 on: October 29, 2015, 08:08:54 AM »
I don't seem to enjoy 'things' any more. 

I bought myself a camera for my birthday in August.  It was a cheap $100 camera because my phone camera is crap.  I did my research (including posting here for advise and suggestions).  I knew my price range - $150 top limit.  And I knew it was a stupid purchase as soon as I opened amazon box.  I've used it twice since I bought it.  It performs as expected, much better than phone cam, but now it just sits on my desk and mocks me.

I consciously decided not to return it back to amazon.  I want to remember that feeling of not enjoying the purchase I thought I really wanted.  Every time I see this camera I remember it and it's been a good thing for me.  Besides, I actually may use one of these days, so it's all good.

I have kitchen aid mixer bought off of craigslist for $50.  It came without attachments.  I bought attachments for it, but only kept the beater.  The flat paddle and dough hook had to be returned because I got the wrong size and they didn't fit my model. I haven't bought new flat paddle or dough hook yet.  I already decided I don't need flat paddle at all, but I have dough hook sitting my amazon shopping cart for 3 months now.  Do I want that dough hook?  Yes.  Do I need it tomorrow?  Nope.  Oh, I've only used the beater twice since mid-summer. 

On the other hand I get really excited every month when I update my personal balance sheet on the last day of the month and see my NW increasing every month by several thousand dollars.  I already updated my balance sheet for October.  Will need to tweak it a little once bank interest posts for October.  But it's up by almost $4K since September.  Screw the dough hook!


Easye418

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Re: Since MMM, How have your purchases changed?
« Reply #6 on: October 29, 2015, 08:22:42 AM »
What purchases?  I stopped making them.


The biggest things I changed was:

1.  I cut the tollway out of my life.  Between my wife and I, I am pocketing $300+ dollars a month.
2.  I used to buy 1.5lbs of Boar's Head Turkey to make sandwiches each week.  ~$15.  Now I just make cheaper, but still healthy and delicious options.  For example, 12 turkey burgers from Costco run $15 bucks, but last double the time.
3.  I switched to Regular Unleaded vs Super Premium.  Saves $3 a fill up, $12 over a month.  Tempted to switch back as I do get HP and MPG benefits.
4.  I am using Kegs instead of Cases of beer.  Typically go through a 24pk of ML ($20+tax in TX) a week, not by myself.  Keg will run me $109.99 which is 6.8 cases of beer. $17 dollars a case plus it tastes better IMO.
5.  Starting making my own Pre-Workout Drink.  Saves me a LOAD of money.  1 caff tab + beta alanine.
« Last Edit: October 29, 2015, 08:32:31 AM by Easye418 »

Gone Fishing

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Re: Since MMM, How have your purchases changed?
« Reply #7 on: October 29, 2015, 08:53:38 AM »
Dining out, telecom, and hobby related items were our big categories that got trimmed way back.  Power and water expenses have actually increased a bit due to more cooking at home.   

Lucky Girl

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Re: Since MMM, How have your purchases changed?
« Reply #8 on: October 29, 2015, 08:54:15 AM »
My habits have definitely changed.  I was always good at budgeting, but with our high income I had started to buy some fairly expensive things "because we can afford it."  I had no concept that saving the money could buy days back of my life and freedom from work.  I have generous budgets for spending money and for clothes, and so long as I stayed within them I thought I was doing well.  I bought a $400 handbag because I got a bonus and hadn't counted on the money (I also gave $3k to charities I care about--I do have a conscience!).  I also bought a crazy expensive luxury automobile brand new.  I thought I was being frugal because we paid cash for it.

Now I no longer go to Starbucks just because.  I don't buy clothes unless I need it, and I pay much more attention to cost/functionality than style.  I won't buy a new phone until mine breaks, and then I will buy last year's model or buy used, instead of buying the latest model "because I can afford it".  I love to check how much we've transferred each month to the Vanguard account!