Last month I spoke about how I had spent a crazy amount of money in February and once again in March. I was hoping April would be a notch lower – and it was until I bought a $722 suit. It is the price you pay when you work in a job that values “professional attire” and I particularly was looking for something long lasting. More on that later in a future post.
So there went another $2,722.18 at a savings rate of 53.82%. At this rate I am far exceeding my spending amount of $2000 per month and lagging in my goal for a 60% savings rate.
Continue reading “April 2018 Financial Update”
Humans love the idea of a deal. It triggers a strange part of our brain that makes us feel like we’ve won something. Like a “HA! I got product X at such a bargain. Those poor suckers who paid full price!”
The thing is, you didn’t really win if the sale was advertised. The retailer wanted you to know about it. If anything, you did them a favour by clearing out old inventory that they might have thrown out anyway, or they simply tricked you in thinking it was a sale when the sale is actually just a price point that’s always there.
Continue reading “Want to save money? Ad Ignorance is Bliss.”
Frugality and efficiency go hand in hand. Us frugal folk – we’re weird, you see. We overbuy discounted things in bulk to save money and time in the future. We frequently talk the shortest route walking anywhere because any additional step would be inefficient. We are minimalists with little clutter (or at least we aspire to to be).
But one area where efficiency is simply difficult to achieve is when we shop elsewhere – specifically in other currencies. Left and right, the ability to transact in a currency other than the Canadian dollar is provided at sometimes ridiculous premiums of up to 10%.
Continue reading “Frugal Approaches to Foreign Currency Exchange”
So remember how last month I was complaining how much I spent? I didn’t fare much better. In fact, I wound up spending even more money, courtesy of the car, a concert, and a bit more socializing out on the town. After two months of higher spending, I’m hoping I can use April to get back into my regular $2000/month spending range, give or take 10%. This month, however, I spent $2950.62, which is almost 30% more than my usual outlay amount.
Continue reading “March 2018 Financial Update”