Reply to Guac and queso if you make over $450k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What if you are someone who gets what you want but truly wants very little. A non-mindful spender who spends way less than most mindful ones?[/quote]

If you get what you want without consideration of price, you’re not a mindful spender. You don’t give it another thought regarding value, price, alternatives, frequency (we already got takeout 2x last week), amount you could save by not getting it, do you really want the item, etc. [/quote]
But isn't what we want often based on price to begin with? [/quote]

Not if you’re not mindful. You want it, you get it, obviously within reason. You’re not getting a Birken just bc you want it. But if you’re not mindful, then if you want it, you don’t have any consideration for the price most of the time. You want it, you get it.

Mindful considers the questions above: value, price, alternatives, frequency (we already got takeout 2x last week), amount you could save by not getting it, do you really want the item, etc. Mindful still means you’ll get the item but have almost instantaneously run through whether it was worth it: Diet Coke, coffee, this gas station, fruit, whatever.

[/quote]
But we [b]want[/b] things based on our experience and that ties into price. I want a Starbucks latte because I've had them and liked them. So I buy one without a second thought. I've never had a super expensive, super fancy latte. Don't even know where I'd get one. So I'm unlikely to want one to begin with.[/quote]

Absolutely not…I like mangoes but don’t buy them if they are over certain price. I would almost never get a coffee out unless meeting a friend. [/quote]

Look.  That’s fine, but if you are making $450k +, that’s a personal preference.  That’s not adding up to anything meaningful.

We want to pay for our kids private schools, so we bought a smaller house that we didn’t do a huge renovation on, we paid cash for used cars, and we take average, not first class, vacations.  That’s how we afford to pay for our kids school.  We could also send them to public school and have the bigger house and fancier vacations.  It’s a trade off.

But nowhere in this trade-off is the price of gas or whether or not we purchase the occasional Starbucks or pricey mango.  Because those things don’t make a difference.

[/quote]

Upthread there was a gas and plain weekly Sbux coffee that added to almost $1000/year. During your kid’s minority, that’s close to $20,000. Now if this is your mindset, it will extrapolates beyond mangoes and gas. Over the years and across the scope of expenses, it is a huge amount.

How much is tuition? Is it worth it to you to give up 1 sbux a week + find nearby cheaper gas in order to have $20,000 extra in 20 years? You need to make that call.

But to say these aren’t meaningful savings when it is applied to lots of purchases is fooling yourself. [/quote]

No.  Denying myself coffee out for 20 years and spending 100 hours driving to the cheaper gas station is not worth 2 weeks salary. [/quote]

It is ONE coffee out a week and if you're not driving to sbux that one day, you're neutraling out the ONE MILE extra per week with the drive to a cheaper station. You don't get that it is not A coffee or A gas fill up. It is all those things bundled together that is a lot of money. But pick it apart and reduce your savings. It seems you would be very, very unhappy having to delay any gratification for any period of time. Different strokes...[/quote]

You don’t seem to understand that your luxuries and frivolities do not define anyone else’s luxuries and frivolities.

I pay myself first. Therefore, my savings are exactly in line with my goals and priorities. I have an easily affordable house, one car per adult driver, and our children attend public schools.

I have no desire for more than one home, more than one car, or expensive college educations for my children. I have no desire to die with more money in the bank than the next guy.

Our savings goals are met, our needs are met. We do not have to be “mindful” of small luxuries purchased with our remaining funds. This is by design. I do not WANT to keep a grocery price book. I do not WANT to drive out of my way for cheaper gas, or (God forbid) wait in line for 15 minutes at Costco. [/quote]

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