I thought I’d try something new and comment on a few articles in one post. The common thread in all this is that I feel a lot of people can learn from them.
JLP asks Who Pays $300 for a purse. From a financial decision, I can’t really see it making a lot of sense. However, I realize that to some people $300 is like 30 cents – they just have that much money. One person mentioned that a designer purse is really no different than a $1000 TV or jet ski. My argument is that a $1000 TV typically functions better or has additional features than a $250. Also there’s not a $30 jet ski version, unlike the designer purse.
Free Money Finance says that moving can make you rich. I wouldn’t argue that point and his math is solid. However, I found that moving to a place with a higher cost of living is making me rich. San Mateo County in CA is supposed more expensive than the Boston suburb I used to live in, but I’ve found it to not be the case for me. My fiancee’s and my salary is significantly more to make up for the cost of living and we have found ways to keep the costs of living the same.
The Frugal Duchess tells us why she doesn’t order pasta when she goes out to eat. I can see the logic of not ordering the cheap food and helping out the restaurants high margins. However, she says she likes the experience of being served at a restaurant. Couldn’t she enjoy eating out twice as much if she did get the pasta instead of worrying about the restaurant? I’m not so sure that a restaurant really wants you to order the pasta after all. They want to get the most money out of everyone that walks in the door. I think they’ll be happy to sell you on a steak that costs them $5 if they can get $10 from you.