Saturday, February 6, 2016

Freedom from Small Frugality

Here is a list of things I don't care about since our income doubled:

- Selling at consignment sales. My time is now valued at $X/hour, and these consignment sales have always returned about $X-90% per hour. It feels weird to just give away all these clothes that I could "make money on", but it's a far better use of my time and energy - instead of organizing, hanging, tagging, and delivering the clothes to the sale I can spend the time hanging out with my family. (I'll probably still go shopping there.)

- Selling my shopping habits. Surveys and programs like Checkout 51 were a way that I made (very) incremental money without going too much out of my way. Most people don't realize that they are in fact selling their data by doing these activities but that's exactly what's going on. Marketers want this information so they can be smarter about how to sell to you in the future. This always makes me vaguely uncomfortable if I think about it too hard, so I'm relieved to not feel like I need to monetize my behavior. I uninstalled tracking programs, unsubscribed from email surveys, and closed accounts at the various places that used to give me spare change for my data.

- Sunk costs. I'm not looking at past money spent to figure out how to recoup it. Sunk costs have in the past been a thing that really bothered me and I'd spent a lot of time and energy trying to "make it up". There are a couple of sunk costs in the last month that I've just shrugged at, which is a much easier way to move forward (to be clear, I'm learning a lesson from them - I'm just not spending time trying to get my money's worth out of something that is a lost case).

I haven't lost all my frugal habits! I still pick up found change, look for Cartwheel deals or coupons on stuff I'm buying anyway, pick the better-priced option at the store, try not to waste food, and pay attention to what I spend. But having a second income has really freed me from some of the more burdensome of my frugal habits, and that's been a nice change of pace.

1 comment:

  1. It's a smart adjustment you have to make now, and it's a good thing you realized it early. :) I've backed off on many of those things I used to do when I wasn't making enough to make ends meet on just my salary and overtime, and it's really nice to just do it optionally.

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