cheap Archives - Lazy Man and Money

Let’s Be Cheap

March 23, 2020 by Lazy Man 8 Comments

When I started blogging in 2006, the personal finance blogosphere focused most of their attention on saving money. I remember reading one article where the blogger wrote that he makes sure not to open the refrigerator too many times a day, because he calculated it costs 4 cents to cool it back down.

That’s far too extreme for me.

However, like most bloggers from back than, I have a central area where you can save money on almost anything. (Those articles may be outdated now. I bet a Google search for “save money [x]” will get you better results until I can update it.)

The reason why so many people wrote about those things was simply because there wasn’t a lot written about it before. Also, it’s much easier to write something concrete like “avoid the artisan grocery store” and “bring your own lunch to work” than “work harder and hope for a raise.” It was especially easy for me to focus on the frugal aspects because I had control over many of my expenses. When I put together the case that I was being paid less than 95% of all software engineers according to Salary.com, the answer I got was, “Sorry, there’s nothing in the budget to do anything.” They couldn’t even get creative with stock option compensation or vacation time.

I didn’t have any control when it came to the company’s business or how they were managing their finances. In this new coronavirus world, many people are feeling the same way. The days of asking for a raise are probably gone for awhile. If you are able to keep your income, you are doing well (financially, at least). There’s talk of potentially a 30% unemployment rate which is something I can’t remember in my lifetime.

This is the time to take control of the things you can control. It may not be much, but it might be the best you can do. It’s time to be a little cheap. Or, if you prefer, frugal.

(Side Note: If you have the means to be financially generous, please do so. Support local businesses like restaurants. They need that support. This article is geared towards those who aren’t fully financially secure.)

I was laid off in the dot-com bust of 2001. I was only out of college for a couple of years. Software engineering jobs were impossible to find. I remember on one interview the hiring manager essentially wanted me to rewrite TurboTax from scratch. He’d pay $2000 when it was completed.

During those tough times, being frugal saved me. Or to just call it like it was, I was cheap. From a very young age, my mother taught me to save money. I had always been a saver at heart anyway. I’d save all my Halloween candy until it went bad. I got more comfort knowing that the candy was there for me if I wanted it than actually enjoying the candy itself.

A month ago B.C. (Before COVID-19), there was a lot of talk on personal finance Twitter about earning more money. I understand why. Life is too short to not enjoy it. People love the idea of being able to have everything they’ve ever dreamt of. It’s easy to sell a “earn more money” message if it fits what people already want to hear. I have also seen some bloggers follow it up with, “Buy my book or buy my course.” To put it simply, by its very definition, it is hard to sell products or training to cheap people.

Making more money is certainly half of the financial success equation. I don’t want to dismiss that. However, it’s a difficult half to write actionable advice about. No writer knows what kind of job your are in or what your education is. Maybe making more money is extraordinarily difficult for your situation. I can suggest adding a side hustle, but that’s not what “Lazy Man” is about. I hope everyone can work smarter and get to the point where their money works for them.

I’ve always been an equal fan of both sides – make more money and save money wherever possible. I’ve known people who make crazy amounts of money, but don’t save or invest much. I’ve known people who don’t make a lot of money, which means they can’t save or invest much.

One of my favorite things to do is to thinking about how to be cheap. Not really cheap, but spend less money as a general habit. For example, I looked at my electric bill and thought, “I wonder if solar power makes sense in Rhode Island.” It does! We’re almost on our 5th year of solar power now. We paid a lot up front, but we’ve saved more than half of what we spent. After around 8 years, any electricity our panels generate will be “free” (compared to what we would have paid if we didn’t get the panels).

The other thing I like to do is save money on groceries. Soon after we moved to our house, we lost the local Best Buy. That was terrible for a technology geek like me. However, Aldi moved into the space. It is one of the best grocery stores for cheap, quality food. That’s a great financial trade-off for us. For example, they have so many chicken deals that I’ve been able to write some creative articles like, “McFly, Are You Chicken?” and Rich Chicken, Poor Chicken.

While I’ve had the best luck with Aldi, but occasionally, I can find some deals at our local Shaw’s. The local military base is a good source as well. I don’t go to different stores looking for great deals. I’ll only give it a look while I’m doing the rest of our shopping. It’s easier to “shop our chest freezer” from previous deals.

Why Being Cheap Matters

Here’s an example that many people can relate to. Let’s say you have a $60 cable bill. (Mine is over $100 and I don’t have any premium channels.) A cheap person might say, “Netflix has more television than I could ever watch at $10 a month.” I’m going to cut my cable bill and save $50 a month.

You might be thinking, “Big deal. That’s nothing.”

That $50 a month is $600 a year. This is where we need to apply the Rule of 25. The Rule of 25 states that in order to afford a $600 annual expense, you need to have 25 times more saved. It’s mathematically derived from a bunch of economic analysis that shows people can live on 4% of their saving mostly indefinitely by investing a large sum of money.

At the risk of putting an example in an example, if you have $1,000,000 you can roughly take out $40,000 to live on. And with the rule of 25, if you need $40,000 to live on, you should have $1,000,000 in savings.

When we convert that $600 annual cable bill into Rule of 25 terms, we realize we need to have $15,000 in our investments.

That’s just one bill. If you multiply it by many extravagances you’ll have a hundreds of thousands of dollars in your savings. Being cheap always makes a big difference when it comes to reaching financial freedom.

A bunch of small savings can add up. They have a snowball effect. It is very difficult to try to make an extra percent or two investing in the stock market. Even if you do, it’s likely to be mostly luck. However, by saving 75% on something like food it gives us more money to invest. Getting that money in the market early has been critical to our secure financial position now.

A lot of that started with being cheap.

I Bought a New Cell Phone… Guess Which One and Why

February 2, 2017 by Lazy Man 8 Comments

A few months ago, I started an article titled, “Cell Phones are Dirt Cheap!” The inspiration was ummm… a lot of dirt cheap cell phones that I happened to notice in the news.

It sat in the hopper with nearly 200 other articles I have in the works at any given time… until last night.

In series of probably my most intelligent thinking, I convinced my wife that going out for dinner would be good for the sickness I felt coming on. We picked up the kids at daycare and when out. Soon after we got to the restaurant, I realized that I wasn’t the only sick person, our youngest was sick as well. Except that, just barely 3, he can’t really tell us he’s sick. He exhibits some symptoms (red checks), but it is more his temperament that becomes obvious. Let’s just say it wasn’t a good scene. We ate as quickly as possible and in rushing out, my phone fell out of my coat pocket hitting the floor. The Nexus 5 that I’ve had for 3 years had a cracked screen. The case and screen protector that had served me well for years had finally failed.

I got home and started to research replacement phones. The most important thing to me was that the phone support wireless Qi charging, because I had them all over the house (there was a deal). If you don’t have wireless charging on your phones, you are truly missing out.

In an effort to save a billionth of an millimeter, most recent phones don’t have Qi charging. I suppose the theory is that you can quick-charge your phone in 30 minutes with a cord, so people just do that. Also, I’m sure that many people don’t have 4 Qi chargers around their house.

I fired up my draft on cheap phones and this article on Qi-enabled phones in 2017. While the later looks like a lot of choices, many don’t have Qi integrated and many of them are years old. Some of them only work on Verizon (not a carrier I have). Some of them like the Samsung’s are fairly expensive and don’t have the pure Android experience that I’m used to.

The Search Through Cheap Cellphones

I went back and forth from my cheap cellphones to the Qi phone list. My brain was essentially mush from the sickness and the despair of losing my beloved cellphone (a little over-dramatic on purpose). For now, let’s look at the cheap cellphones out there.

First on my list were the Amazon Prime Exclusive phones. These phones are typically around 25% off the regular price in exchange for viewing some ads. For example, this 4th Generation Moto G 16 GB for $150 is very good bargain and perfect for most people. For me the 16GB was a little small. I didn’t realize there was a 32GB version for $180, but if I had, I might have ended up with that phone.

Give the spec sheet a look which has these other Amazon Prime Exclusive Phones. I had almost thought about picking up a Blu RD 1 to have around as a spare for $59. Hindsight is 20/20.

I also had noted that LeEco Pro3 sometimes has flash sales for $299. While that might not sound cheap, it is almost a flagship-level phone with lots of premium features. Sometimes those phones go for $600 or more. Unfortunately, I’ve read some bad reviews with the software and the regular $399 price was out of what I wanted to spend.

Next up is the Huawei Honor 6X which checks in at $249. The Guardian’s review says that it’s “a lot of phone for the money.” I probably should have given it more consideration, but the software is a little old and unlike my Nexus 5, I can’t be sure I can upgrade it. The processor isn’t one of the Qualcomm Snapdragon ones that I know. The screen’s DPI (dots per inch) is a little less than my Nexus. Typically, that’s not a big deal, but it might come into play with new VR apps that I want to explore. (Unfortunately the Google Pixel which is ideal for this is way out of the range of what I want to pay for a phone.)

I gave strong consideration to the BLU LIFE ONE X2 which comes in at $199 (32GB version). I know I’ve said that lots of phones were finalists, but this was really the one I was going to pull the trigger on… until I read this review about a mediocre camera. That’s really the only “knock” I can give it and the $199 price is even below what I expected to pay.

And Then There Were Two

The final two phones that I remember (if my brain was mush before imagine it now) were “The Perfect Phone” and “The Phone I Bought.”

The “Perfect Phone” was the LG G4. It had everything I wanted. Even Qi charging through a special case. It had extras like a removable battery. (It’s great to give a device a new battery life as it goes down over time.) Did I mention the Qi charging? The screen has 538 DPI (which is elite territory). The cameras are great. It has a speedy Qualcomm SnapDragon 800 series processor. It even has Qi charging.

Here LG, please take my money!

Wait, you are telling me there’s a special offer on your home page here! So you are going to through in a fancy case and a micro-SD card? Okay, but I’m already giving you my money, so the jokes on you LG.

Add to Cart (*Click*)

LG’s response: “We’re sorry but LG G4™ Unlocked in Genuine Leather Black is currently out of stock and cannot be added to your cart. We apologize for any inconvenience.”

Turns out that the LG G4 has a boot loader hardware issue that they acknowledge is a hardware defect. I read a story that they’d fix it, but you’d have find a place to get one (it’s hard to find it for sale anywhere) and then probably send it back into them. That’s simply not a workable solution for my primary phone.

Finally… the Phone I Bought

I ended up buying a Moto X Pure Edition (64GB) for $300. (Actually $307 for next day shipping so I didn’t have to wait the weekend.) It has no Qi charging and I’m sad.

However, it does have a lot of other things.

It has a Quad HD display (520 ppi vs. Nexus 5’s 441), 64GB (twice what I had on my Nexus 5), 3000 MaH battery (vs. the Nexus’ 2300 mAh), turbo-charging, a great 21MP camera (generations better than my Nexus’ 8MP one), SD expansion (not available on my Nexus), and 3GB of RAM (vs. 2GB on my Nexus).

In fairness, a lot of the above phones had more than a few of features. That’s just what $300 buys you now vs. what $399 bought me in October of 2013. It is unfair to compare technology more than 3 years apart, but it helps me feel a little better about breaking my phone.

There are a few extra that the Moto brings such as some hands-free use and gestures to activate the camera and flashlight. There’s some water repellent. The Moto X Pure Edition was $399 when it was released in September of 2015. However, that was for the 16GB version. The 64GB version would set you back $525 back then. The reviews back then said it was a great value.

A short 15 months later, it feels like more than 40% discount is also a great value.

How can you find the right Android Phone for you? I found this smartphone comparison tool to be extremely helpful

Drive-in Theaters – A Money-Saving Movie Experience

June 8, 2010 by Lazy Man 11 Comments

A couple of weekends ago, we had a yard sale. If you have a yard, I recommend it. It is a good way to get rid of some old stuff and make a little money. You won’t get rich… you might not even make your hourly wage. However, we met some neighbors and learned a lot of tips. We learned two tips from someone who stopped by for less than two minutes… and she didn’t buy a thing. Without looking at what we had to offer she asked if we had two things, an older shredder (without cross-cut), and an old boombox.

I was confused by the shredder. Why would someone want a security device, with obsolete security features? The answer… she’s into crafts and the straight old shredders are great for making filler for gift baskets. When we told her we didn’t have one she moved on to the boombox. There are a number of reasons why one might want a radio, so we didn’t ask, but she offered… “they are great for drive-ins.” Whoa, there are drive-ins near Silicon Valley where a two-bedroom fixer-upper can run you $700K?!?! That just didn’t compute to us.

My wife and I did some research and found out that there is indeed a drive-in movie theater in San Jose – about a half hour from where we live. We did a little more research and decided to go the following night. We found it an outstanding value for the following reasons:

Cheap Tickets – It was $6.75 a person for first run movies. We saw Iron Man 2, but we could have seen Sex and the City on the opening weekend… but I wasn’t having any of that. Kids under 5 are free. Kids from 5-11 are only $1.
Double Features – Each ticket is for two movies. We could have stayed after Iron Man to see Date Night, but we got tired. We’ll bring the coffee and soda next time (the second feature started at after 11PM).
Cheap Concessions – While popcorn is still $4.50 for a bigger-than-a-toddler sized “small”, there were deals to be had. For instance, their burritos are handmade to order for $5.75… and they are a meal. It would ranked in my top five all-time burrito values (I’m a huge burrito fan), if the person making my burrito wasn’t being trained to make his first ever. It fell apart when I got to eating it, but even with a fork and knife it was good.
No Need for Concessions – It’s a drive-in. Bring your own cooler. Pack a picnic-dinner or bring a pizza or sub with you. Bring your own soda…
…or Beer – It’s against the drive-in policy, but you could easily bring your own beer or wine. No one is going to see anything in your car at 9PM and no one was policing the theater anyway. I’m not saying you should break the policy, just that I think you could without repercussions. Of course, as with any drinking, standard disclaimers apply: be safe, designate a driver.
Family Friendly – They had a number of kid-friendly movies. Add in the kid prices of free or $1 and it’s a steal.
Pet Friendly – We didn’t know that it was going to be pet-friendly, but we’ll bring our dog next time. It’s a big selling point for us because we don’t like to leave him alone for too long at night.
Extra Comfy – We don’t have a flatbed truck, but a number of other people did. They inflated an air mattress, pulled out some blankets and pillows and had probably the most comfortable movie watching experience possible.

It’s not all rainbows and puppy dogs, though. The drive-in isn’t a place to watch Avatar. There’s no 3-D option and the audio is pumped through your own car radio with a noticeable hiss. I got used to the hiss and the picture was good enough for me considering the value. I think this would be a good way to see a movie like Date Night or Grown-ups where you are just going for the laughs or focusing on the plot and not the specially effects.

When you add it up, the typical family of four could got to the movies for about $15 of admission. Admission for two movies at a typical cinema would probably be around $65. Eating and drinking costs can be the same as what you’d have at home, probably saving you another $25 or $30. More importantly, my wife summed it up this way, “I think it will be awhile before I think about going back to a regular theater again.”