Reply to What are some frugal (or cheap) things you do to save money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Reuse plastic bags, aluminum foil, etc.

Keep boxes and ribbons from gifts; reuse as needed. (And not above regifting either.)

Sell/ consign items when possible.

Still driving car from 2007.

Very basic cable package. No Netflix, etc. Rarely pay for any form of entertainment. Books from library.

[b]HHI $450,000. NW $11M[/b][/quote]

I think you can afford to live a little now. [/quote][/quote]

Agree; this is sad.[/quote]

You can afford to live a bit now.

A 2024 car that you drive for the next 10 years, for example.

Pick one or two streaming services.  
Pick something you want and spend on it.  You don't need to be that frugal anymore. 
What's the point of saving/earning so much if you don't actually enjoy it?
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Who says we're not living well?  Right now I'm at our beautiful vacation home (part of the net worth.) Big trip to Europe this summer. Kids in private schools. Starting to think about large philanthropic projects.

But I could not care less about cars. As long as mine gets me from Point A to Point B, that's all that matters. And a streaming service?  Please! Who has time to watch things like that?

How do you think we got to the point where we accumulated this much in the first place? Waste is waste and there is no excuse for it, ever if you have money.

Oh and I agree about the Uber Eats/ Door Dash. NEVER spend money on that - if you want something to eat, get off your lazy can and go get it yourself!
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I don’t care about cars either but a 17 year old car is usually unreliable. So it’s unlikely to get you from A to B without a lot of hassle and additional expense. That’s why most people don’t drive them. It’s not because they’re not frugal. And most people use Uber eats to save time. They don’t order it and then “sit on their can.”[/quote]

Sold my 12 yo car when it started having "electrical issues" that were going to get costly.  Great car, ran great up until then but we quickly sold it (for ~20% of what we paid for it) and got a new vehicle that will provide 8-10 years of reliability at minimal costs.

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NP. I don't think of needing repairs as synonymous with unreliable, but I find a lot of people do, and I often wonder whether it's an excuse to get a new car. (Not necessarily for PP because I don't know what the problems were.) Unreliable to me would be I'm afraid my car will stop working on the highway.

Old or high mileage doesn't make me feel afraid in and of itself when the mechanic sees it regularly for oil changes and maintenance and I trust him. He will tell me when it's not worth fixing, which for the last one was over 200k.

I tend to look at any repair cost and calculate how many car payments that would be. A $350 repair won't even buy a month of a new car payment. I don't want to solve a $350 issue by incurring a $25k+ cost and obligation. Plus I also think about the higher car tax and insurance.[/quote]

I could have "fixed" the above car at 12 yo.  However, the issues were all electrical.  Fixed one electrical that I had to to keep car running.  The others were handfree  was no longer working and my alarm system was not working (car just locked and made the sounds, but without fixing it, there was no real alarm system).  So for safety, I refuse to drive around in a car without handsfree options or an alarm system.  Yet I was not willing to pay the fees to fix it on an older car.  It also had some bodywork needed.  So all the repairs would have been over $5K.

Now, from experience, I know that once a vehicle starts needing electrical work, a lot tends to go wrong.  Electrical work is very labor intensive and sometimes can take them forever to find what is actually wrong.  So sure, if I didn't have the money saved for a new vehicle, I might not get one.  But at 12+ years old, I define those as items that need to be repaired, and lets just get rid of the car while I can and get a good amount for it.  Because it could become a money pit soon.

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