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False economy (merged threads)

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False economy (merged threads)

edited 30 November -1 at 1:00AM in Old Style MoneySaving
267 replies 48.2K views
Austin_AllegroAustin_Allegro Forumite
1.5K posts
edited 30 November -1 at 1:00AM in Old Style MoneySaving
I think a danger for the extreme frugality practiced by 'old stylers' is false economy, so I think it would be a good idea to list false economies we should beware of. Here are some of mine:

Cheap shoes. I find that cheap shoes don't last nearly as long as those that cost a bit more, eg shoes with full leather lining last a lot longer than those with synthetic lining.

Having only a few items of clothing. Again, if you have three pairs of shoes and rotate them, although the initial investment is greater, the value will depreciate less because they will last longer - obviously it's too expensive to have, say 5 winter coats, but if you have ten shirts instead of five for work, then you'll extend their life by 50%.

Using buses instead of trains. It's tempting to use those National Express or £1.50 coaches instead of the train, but it's only worth doing if you have a spare day or two to sit in traffic on bypasses!

Cheap meat/processed food. The classic mistake, cheap meat may be more plentiful but the additives etc can have a bad effect on your overall health.
'Never keep up with Joneses. Drag them down to your level. It's cheaper.' Quentin Crisp
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Replies

  • tifftiff Forumite
    6.6K posts
    Savvy Shopper!
    I assume you mean cheap meat as in processed meat slices and sausages, not cheap cuts of beef, lamb etc?

    I agree with most of your comments above, I always buy leather shoes, Clarks for my kids and they last well.

    Using the discount bus to London is a godsend for us as a family. I booked us all to go to London for the day during the easter holidays, total cost for the 4 of us £8.50. We're going to the Science Museum and Natural History Museum, free entry so if we take our lunch it will be a cheap day out. We also dont need to rely on good weather :) My husband is reluctant to travel on a double decker to London, but if he had his way we would drive, have the cost of petrol, stop at the services for something to eat, cost of parking in London and a possible ticket if we overstay the pay and display meter!

    When it comes to other things such as electrical items I always go for quality and then try and find the cheapest price for the chosen item.
    “A budget is telling your money where to go instead of wondering where it went.” - Dave Ramsey
  • in_my_welliesin_my_wellies Forumite
    996 posts
    Part of the Furniture 500 Posts
    ✭✭✭
    I buy branded washing up liquid as I found the value supermarket ones don't last long.

    And I agree about the leather shoes. My OH cleans all the shoes EVERY morning, drives me nuts, but I must admit they look as good new when the children have grown out of them.
    Love living in a village in the country side
  • crana999crana999 Forumite
    573 posts
    In my eyes, there's not that much point in paying loads extra for shoes that still look amazing when your kids have grown out of them. Obviously you want ones that are good enough quality not to harm their feet, but you could buy slightly less good quality ones siince they aren't going to wear each pair for *that* long.

    When you're an adult though it does make more sense to buy better-quality shoes.

    Regarding the coach: it depends on the journey, but for me it's often quicker to get the coach. They run several direct services from my home town to big cities, which I would have to change at least once to get to on the train, so I save loads of time & hassle on not having to change trains.

    For example, to get to Cambridge on the train, I'd need 3 separate trains plus built in "insurance" time so I wouldn't miss a train if the previous one was a bit late, and I'd then have a 45 minute walk or a bus ride back to where I live in Cambridge. On the coach, I can get one coach directly from my town to cambridge and be 5 minutes walk from where I live, in about 3 hours. No contest there.

    Plus, the coaches are usually more reliable than the trains - so I've found anyway.
  • tifftiff Forumite
    6.6K posts
    Savvy Shopper!
    Crana, quality leather shoes doesnt necessarily mean expensive. Clarks shoes can be expensive, but they do have good sales. My Mum was a single parent when we were growing up, she says now that she always made sure we had Clarks shoes and cut back on other areas of clothing. My sister is a single parent and doesnt seem to spend more than £10 on her sons shoes. The last time there was a post on the grabbit board about Clarks sale and she dashed off to get her son some shoes that he needed. The thing is, some kids - especially boys are hard on their shoes. With good leather shoes you only need to polish them and they look fine. With cheaper shoes the stitching goes or the sole comes away from the shoe, they dont last.
    “A budget is telling your money where to go instead of wondering where it went.” - Dave Ramsey
  • Curry_QueenCurry_Queen Forumite
    5.6K posts
    I had no choice but to buy Clark's shoes for my youngest as he has very broad feet and they're the only ones that do wide enough fittings for him. It meant paying out £30-£40 a pair at least twice a year when he was younger but I found them to be very good quality and he'd always outgrown them long before they actually wore out, which was the case with the other boys who had new shoes every 2-3 months at half the price, but the overall cost was the same in the long run :confused:

    Luckily, now he's 12 and his feet have got longer (he's an 8 :eek:) he finds he can comfortably wear non-Clark's brands, which he's more than happy with as he couldn't even get "branded" trainers to fit him until recently :rolleyes:
    "An Ye Harm None, Do What Ye Will"
    ~
    It is that what you do, good or bad,
    will come back to you three times as strong!

  • crana999crana999 Forumite
    573 posts
    Sure, if you can get quality cheaply then why not, but my point was that there's no point buying super dupa amazing shoes when you could get reasonable quality ones for the same price, given that they aren't going to wear them for that long.
  • flea72flea72 Forumite
    5.4K posts
    Part of the Furniture 1,000 Posts Combo Breaker
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    how does having ten shirts for work, rather than five prolong their life by 50%? - do clothes need a resting period between wears, to recoup their textile integrity?

    i would assume if you have bought 10 shirts you have paid double the price of 5, so why not buy 5 and just wear them, and then when they have worn out, buy 5 more - means i dont have money sitting in my wardrobe, rather than my bank?
  • Bogof_BabeBogof_Babe Forumite
    10.8K posts
    False economy - I sometimes wonder whether buying veg or salad stuff that's reduced for quick sale means some of the vitamins have had it. Every bit of publicity about the 5-a-day "rule" etc. always states *fresh* fruit and veg - so if it's been lying around the supermarket (or in the fridge at home for that matter) for a few days, maybe some of the benefits are lost. I don't know - I buy it anyway and am still alive!

    Also I'm never quite sure what I'm risking if I eat something that is past its best before date. For example I'm currently working my way through a packet of rice that is quite "past it" date-wise, but looks and tastes fine. I think with meat you can see if it's off (not that much meat enters this house, but sometimes the stuff they are trying to flog in the reduced chiller cabinet is gross), but I've heard there is a built-in margin on dairy goods and ready meals, so would probably risk these a day or two late. Eggs and cheese always seem to be okay for some time after the stated date (famous last words :p).
    :D I haven't bogged off yet, and I ain't no babe :D

  • SarahsaverSarahsaver Forumite
    8.4K posts
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    My kids have had leather shoes from clarks, start rite, moschino...!!!

    But they were from the charity shop;)
    I got some footwear bargains for the kids from M&S sale in the new year.

    As for adults clothing you must look at it as cost per wear. If you buy a classic coat and wear it for half the year and it lasts 5 years it may work out more cost effective than the trendy impulse purchase you got 'cheap' but slung to the back of the wardrobe.

    I get meat cheaply, but it is not 'cheap' meat, if you see what I mean. I get it from a butcher which sells things intended for high street retailers but which are either overmakes or not uniform enough in size.

    My fruit and veg is cheap but again its not poor quality. It comes from the market. Yesterday got 4lb pears and 4lb apples - total cost £2.

    The only thing I have noticed is I used to buy Tesco value loo roll, and a pack of their regular stuff lasted much longer than I would have thought. Does anyone here put the date on things to see how long they last? I have heard of that, but I don't do it - yet!
    Member no.1 of the 'I'm not in a clique' group :rotfl:
    I have done reading too!
    To avoid all evil, to do good,
    to purify the mind- that is the
    teaching of the Buddhas.
  • Curry_QueenCurry_Queen Forumite
    5.6K posts
    Sarahsaver wrote:
    The only thing I have noticed is I used to buy Tesco value loo roll, and a pack of their regular stuff lasted much longer than I would have thought. Does anyone here put the date on things to see how long they last? I have heard of that, but I don't do it - yet!

    I mentioned once before that I found it to be false economy to buy value type loo rolls. I can get a pack of 6 for £1 at the local discount shop but it won't even last as long as a two-pack of Andrex (or similar luxury type!) :eek:

    I usually buy my loo rolls in big bags too when it's 12 for 9, or BOGOF etc so it works out even cheaper. Not to mention it's much softer on the bum too ;)
    "An Ye Harm None, Do What Ye Will"
    ~
    It is that what you do, good or bad,
    will come back to you three times as strong!

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