Reply to Thrifty vs. Cheap when it comes to kids' stuff (clothes, school supplies, etc..)

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Reply to "Thrifty vs. Cheap when it comes to kids' stuff (clothes, school supplies, etc..)"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Get this, we make 7 figure combine HHI and I not only shop at Goodwill, but also the Goodwill OUTLET! And the Salvatjon Army, which on Wednesdays has 25% off everything.  I don't mind taking handing me downs clothes or furniture.  I definitely play it forward by offering my hand me downs to others for free.  How do you think some people stay well off!

There is nothing dirty about thrift stores, how is that different from antiques or vintage clothing? Some people on here sound like label whores (for lack of a better term), like people who walk around with price tags off their clothes. look at me, see how much I spent for my clothes! It's dumb. [/quote]

This is pretty much us...just under a million dollar HHI.  We max out retirements, have 175k in each of our kids' 529s (oldest kid is 6), and my kids wear name brand thrift-shop purchases Daily.  I don't skimp on just them...I just try to buy on sale, use coupons when daily possible...like yogurt...one or two per shopping trip, and we save!  My kids' clothes are then used by my sisters' kids and then donated to Goodwill or a church where they are shipped to El Salvador.  I have a pretty confident feeling that my DD could careless she wore a previously used nice looking Nordestom dress in 2013 when it is 2025 and she starts college with everything paid for or it is 2045 and she doesn't have to support her parents.[/quote]

I am being very honest here and not snarky at all - I feel like I could learn a lot about money from both of you.  Our HHI is much much lower, but we try to buy on sale, use coupons when possible, and I also shop at consignment stores.  We also donate back as well.  It has taken me a long, long time to learn that if I blow all of our income on brand new items that we will always be perpetually spending and not saving- and never be well off.  There have been many, many studies on the mindset and socio norms of those with incomes and net worth of seven figures or greater- and I am trying to learn a lot about money management from those because my own parents were and still are the label whores and spenders.  So any advice you could share, I for one would be all ears![/quote]

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