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Money and Finances
Reply to "If you have more than enough money, but are frugal-minded, how do you decide how much to spend?"
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[quote=Anonymous]For a specific purchase, I mentally start at the bottom and work up. E.g., the $400 fridge would keep food cold. What more would I get if it's $500? Is it worth the extra $100? If so, repeat with the $600 fridge, and so on, until I say, no, the $900 fridge is just marginally better than the $800 one, not worth spending extra money. For day to day purchases, try out the cheapest and see if I like it. I shop at Aldi, which is generally about half the price of other grocery stores. Most of the stuff makes me happy. Maybe 1 out of 10 products are noticeably worse, so I don't get them again. Durability is worth it if you know you'll keep it for that long. But I don't get super expensive gloves, for example, even if they are more durable, because I don't want to worry about losing them. [/quote]
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