I completely relate! I am 63, almost 64, and in the last year have discovered how much money I can save by not shopping weekly store sales anymore, but only buying what I need. I have also begun replacing my large wardrobe of cheap clothing (from thrift, clearance, yard sales, etc.), as items wear out, with far fewer, but higher quality, items that will probably last the rest of my life and look phenomenal every time I wear them. I've acquired an enormously stylish, extremely well-made wardrobe that will cost way less in the long term than the very inexpensive, shorter term assortment from cheap, largely used sources. Of course, it helps that I gave up my recreational shopping habit. I live on an extremely limited retirement income, the kind where I'm supplemented by government benefits, but whenever I invest in "quality," I know that it's actually the smartest and safest use of my financial resources. Plus, at this point in my life, I deserve it!
You need to write a small book about that, my friend! You could even contact publications like AARP who might use it in their magazine- there are lots of outlets. That would be a huge help for some people!
You can't beat good quality for longevity. Another benefit is that frugal is more environmentally friendly than cheap. All that cheap junk just ends up in the trash.
After years of buying new cars, I listened to a financial guru and when replacing my car (and later buying a car for my kid), I bought used. We ended up buying used rental cars from a decent company. Here's the thing, yes, people will abuse rental cars, but I live in a popular tourist area with loads of rentals. The rental company only keeps their cars in inventory until they reach a certain mileage (about 60,000 miles) and about 1-2 years old. The rental company cleans them after every use, makes sure the oil is changed and the engine is kept up, and to my mind, treats them better than most car owners do. (Who washes and vacuums their car every week?). We got both cars for thousands less than a new car would have cost, both had minor dings, but no major issues and both cars are going strong 4 years later. Also, both cars were still under warranty when we purchase. So, this is our frugal purchase.
Mine is the same ~ had higher mileage when I bought it but because I don’t drive a lot of miles, the mileage has equaled out (actually below now) than the average mileage per year.
I have a “cheap” AND frugal suggestion. I often shop resale where I find beautiful name brand clothing that someone with more money than me has donated. The best thing about buying resale clothes, besides the price, (which is usually “cheap”) is that just about everything has been through the wash multiple times so you can see the quality after usage before you buy. I feel it helps the environment and my pocketbook. ❤ You have to be prepared for a long search for a specific item sometimes but the payout to your pocketbook is worth it in my opinion. This was a great video. Thought provoking. Thanks!
I’ve found nice used Clark shoes at upscale thrift stores. New ones are $100 and more. I’ve found some really nice new looking ones for under $20 and they’re so comfy !
Except in too many cases, what you pay for is a designer label and advertising. Too often, a Big Name doesn’t automatically mean quality or durability.
I am not cheap, but I do look for a good deal in everything I purchase so I suppose you could say I am definitely a frugal shopper. I like to find high end items on sale whenever possible. I also shop thrift stores for some items-you just never know what you may find.
You didn't mention it, but another part of the cheap/frugal equation is the pleasure factor. If you're going to have to interact with something often, it's Indefinitely worth the money to make it a pleasure. In building our house we sprung for the pricey but perfect doorknobs. Sounds silly, but they've aged beautifully - egg shaped brass - that are easy to get hold of and a pleasure to look at. When we repainted we sprung for truly fabulous switch plates. They make me smile every time I turn the lights on. Not a big investment, but quite a bit more than your cheesy plastic plates and the pleasure return is huge! They're just switch plates and doorknobs, but they make me happy every day!
For over 20 years I worked in an industry that made wearing black a requirement…and I still do today 3 years after retiring! My tips were I NEVER EVER EVER washed black items in the washer.. I would wear a few times (air out after wearing and rotation of items). Then I would wash an item by hand in cold water and hang to dry. I have pants and shirts and tees that are over 10 years old and look new. I was shopping the other day and a person asked where I got my outfit.. I couldn’t remember and they said it looked brand new. Another tip is I only buy one kind of sock… I buy 6-10 pair of the same sock. No need to match them in pairs.. just toss in the drawer. I wash in a laundry bag and they stay nice and don’t get all stretched out ..nor do I loose any. I take care of my things and treat even inexpensive things well so I don’t waste. Spending lots of money on an item MAY work on some things.. but research is needed. Today there is so much overpriced and overhyped garbage..you need to do your homework.
Yes, and we sometimes wear two pairs if the holes are in different places. Makes for extra padding in wellies. I like to save the tops of socks to replace cuffs on sweatshirts and jumpers. My husband loves PJs which I make from old duvet covers. I like to turn items inside out before washing.
@@jennywren8937 oh my goodness! You are very creative! I donated all unused clothes years ago and now just have what I love and keep it as pristine as possible. “Excess” drives me nuts… but I do admire your ability to reuse and be sustainable that way. I did not get that gene😃.. but anything we take care of, we prevent from going to a landfill and I count that as a win. Congratulations on being a big winner 🎉
For years I have washed all of my clothing in cold water, on a gentle cycle and hang them to dry. I only machine dry sheets and towels. My clothes remain in terrific condition and I have things I still wear 10-12 yrs later. I rarely wash any of my denim jeans unless they get stains on them. I will wash denim shirts/tops periodically in warm or hot weather if they get sweaty smelling.
I’m about 10 years behind you on my timeline. These videos are like an older, wiser version of myself traveling back in time to give me some solid advice. Thank you.
Very good advice. This is where I learned how hard it is to get out of poverty. I knew a family that lived check to check, plus depended on help from others, just to get by. Not a lazy problem, they were working poor. I saw them never be able to afford the quality item, and end up spending more money on things that didn't last, but was all they could afford. Washers, dryers, kitchen appliances, furniture, cars, etc..They spent more money because they had to constantly fix or replace things. By seeing their experience, and watching my parents choose the cheap to save money, I decided the best choice is to get the quality item. So my first washer that lasted 16 years until I gave it to a neighvbor to put in their rental home, only had 1 speed, but was a work horse brand that I never had a problem with. I buy socks from Hippie Socks. They are more expensive, but I haven't had to replace socks for 4 years now. They also hire unhoused teens so I know the money I'm spending is helping a kid get off the street.
Been buying Birkenstock’s since the 90’s, even when money was tight when my kids were little. Each pair lasts me for several years. So worth it. THANK YOU Tim for the encouragement to everyone to not use credit.
Wow. You've hit on something important here. Cheap is what I grew up with. I am now retired, downsizing and realizing that, yep, Cheap is how I've continued to buy items that fell apart, mostly thrown out or donated, not worth selling. Ugh. You're teaching us. Thank you much.
To me frugal means buying what you truly need and getting your moneys worth. I used to carry a cheap pen in my purse and was forever losing it. I finally bought a Mont Blanc pen and leather case. Because it’s really nice and not inexpensive I take extra care of it and I’ve had it over fifteen years.
I couldn't agree more! I remember one time, when I was still at university, a fellow student was very jealous of me having bought a pair of high quality winter boots. She said those were her dream boots but she wouldn't be able to afford them. What she didn't see was that she owned about 50 pairs of cheap shoes while I owned under 10 pairs. She had been spending the same amount of money on shoes as I had - if not more...The difference was that I choose quality over quantity.
Great video! I used to buy cheap sunglasses because I didn’t think I could trust myself with more expensive ones. I usually broke or misplaced them. About 10 years ago, my husband convinced me to invest in a really good pair. I still have them. You can’t beat the quality, plus I think you tend to take better care of things when you’ve invested the money in them 😊
Notebooks. As a fountain pen user (which is a frugal thing in itself since I use bottled inks) I buy only quality notebooks with fountain pen friendly paper (Leuchtturm, Rhodia, Stalogy, Hobonichi...). No bleed through and superior writing experience. Great video, Tim!
I did the same as you with sunglasses. I went through so many cheap sunglasses until I bought a $225 pair five years ago. I still have that pair and I take good care of them, unlike the cheap sunglasses I used to buy. The more I spend on something, the better care of it I take.
I bought a patio set from a thrift store because it was cheap. Got it home and hated it for six months. Ended up selling it and replacing it with a high quality set with Sunbrella fabric that I found on sale direct from the manufacturer and I love it! I am trying to be much more careful and think before I buy something that I’m not going to be happy with just because it’s cheap.
There's a wonderful concept called "price per wearing." If you want good-quality clothes that will last, yes indeed, buy things that are well-made and have a higher initial cost. The problem for a lot of folks is trying to save money to buy good quality, hoping the item they want will still be for sale when they can afford to buy it. Plus the pressure of our "have it now" society.
Last year, I finally invested in some bamboo T-Shirts, the material isn’t for everyone, but oh my goodness… they’re the nicest, softest T-Shirts ever. I’m so happy with that decision, just wish I hadn’t waited so long. ❤
You are too funny, Tim! Glad to see your humor peeking through! Great job on continuing to declutter. You've given me some much needed pushes to continue decluttering in my own space. Continued success with the videos. 👍🥃
I read more than my wallet can keep up with, plus I dislike clutter. I gave away over 900 books from my personal library. So now I use a Kindle and I purchase mostly free books. I have found my Kindle helps keep my fiction reading at a more manageable cost. I still buy paperbacks for my Bible studies, but the everyday cost is minimized because I read about 10 books a week just or enjoyment. Yarn is the same way. To make high quality products, one needs high quality yarn and I have learned that through other knitters. Now my few knitted gifts each year are made with beautiful yarns. Not just the cheaply produced yarns. I just found you today and I am enjoying your commonsense approach to things. Thank you.
I live in a 55 plus gated community, I have been here almost 27 years. We have estate sales almost every weekend, sometimes 2 or3. I have purchased some beautiful solid wood furniture and lamps I could have never afforded retail. I’m an 85 yr active lady, I believe you get what you pay for. If it has to last buy it right, buy it once.
I am usually a frugal shopper with good shoes, good handbags, and good bathing suits. The one exception is my cellphone, I'm extremely happy with my cheap Xiaomi phone which I use already for 6 years! Glad I didn't buy a hyped-up expensive one.
Knowing what is quality is the key, not necessarily price. We live in a museum of stuff collected over sixty years, some items at bargain prices because they were out of fashion. Same with clothes, I still have items thirty years old and my husband says I am as well dressed as I was then! 😊❤ love him. Only problem I have these days is carpet moth which insist on destroying the best carpet in the house.
I bought a good pair of winter boots. So instead of lasting one winter, which I find the cheap pairs only last, I've used them for about ten years now. A very good investment.
Thanks, Tim! That is certainly wise advice. I have some examples where I am cheap. I wear Walmart jeans that cost $9.97 each. I guess they last about half as long as an expensive pair of jeans but those expensive jeans cost much more than twice $9.97. Sometimes cheap and frugal can go hand in hand. I buy Amazon reading glasses. They are $10.00 for four pairs. I'm sure I would be better served with a set of prescription reading glasses but as often as I lose, drop, step on, etc my cheap readers, I'm not sure if it would be more frugal for me to buy an expensive pair. It would certainly be better for my eyes! In the future, I will look for ways to spend more to save in the long run. I always enjoy your thought-provoking videos, Tim!
Well said. I used to buy cheap stuff and finally made the switch to quality instead. Made all the difference in quality of life and freed up so much time I was wasting on shopping for more cheap stuff. Took me years to learn that too.
I believe in buying better quality if I can afford it and as a result buying less and bringing home less. Despite the fact that I have ADHD and am losing things often, I've had the same pair of ray ban sunglasses for years. Since I paid more for them - I really put the effort into taking care of them and not losing them. With my ADHD, I've found that the LESS I own...the less I actually lose and so the less I have to buy again. In my opinion, being frugal is buying better quality once, rather than buying the same thing multiple times at the cheapest price.
One area that folks need to be careful about if they are newly interested in minimalism/essentialism or being eco-friendly- is not arbitrarily buying all new everything - either all eco friendly products or all higher end for their newly minimized space. The eco-friendly/frugal choice is to use/use up what you have. And going minimal/essential isn't an excuse to "upgrade" everything you decide to keep. I know that's not exactly what you're talking about here, but I've seen it a lot.
Good for you for getting out of credit card debt. Our society has normalized credit card debt payments like a regular bill. And it really only benefits the credit card companies and the stores where people are making impulsive purchases. I cut up my credit cards because (with ADHD)...it's too easy for me to impulsively spend. 💸💸💸
Purses. Bought cheap purses for years from box stores. $19.96 to $54.99. Use them 6 mo. Throw them away. Buy another. Purchased a hand made all leather purse from a local artist for $330. I've had it for 3 years and it still looks great. I toss this thing around everywhere I go and haven't even come close to wearing it out. Best bag I've ever had.
Good ideas. Every time I buy cheap it usually ends up getting tossed, so its actually expensive and wasteful plus fills landfills and all of that. Buy fewer things by making sure is quality. Saves money.
I just watched your video on what TH-cam paid you for one month and realized I never finished watching this video. Thanks for the reminder because I loved it. By the way, the comments are turned off for your newest video.
I have found there is usually a good middle of the road product. Not the most expensive but not the cheapest either. Sometimes the most expensive items are as low quality as the cheapest. This is an excellent topic that doesn't usually get much coverage. I am about 2 years away from retirement and it is a concern to use our money in the best way possible.
From receiving my first pay packet my father said ......' You get what you pay for, try and always go for quality not quantity' .....shopping with friends in my teens i did buy cheap.....when i married and had children my fathers advice suddenly made sense. Now in my late 70s i can honestly say except for my teenage years i have always adhered to my fathers advice.
My motto is “ you get what you pay for “. I buy Quality and buy ONCE… I have Alegría brand shoes I’ve had since 2013, dresses from Macy’s or Dillard’s for 15 plus years. I don’t buy trends or latest fashions. I agree with the brand of socks… In 2003 in New Zealand I bought several pairs of wool socks when I was on a Sheep /Wool ranch. I still wear them for hiking, walking, traveling, or whatever. Many years ago I started using an on board size suitcase with inline wheels. I also have a large bag for hanging clothes that can be used on board as it has several large zippered pockets, it rolls up into a small size with a long strap for over the shoulder carrying. It can be all I need on long trips. I pack light and rewear my clothing. Thanks for all your good tips. I enjoy your videos.
This is sort of opposite... Coffeemakers... I spent big $$ buying a Bunn for home use; just to make coffee, not grind grounds or make any fancy coffee drinks. I had it for probably ten years. In that time, it broke down twice, costing me almost as much as the original price to fix. The third time it quit, I bought a $15 Mr. Coffee. I've had it since 2004 and it's still working fine. The only thing I wish it did was have a separate option to turn on the hot plate after it turns off after two hours--not a biggie, for sureww
That can be true. For solid wood furniture too. You can spend a bunch on something mdf that's going to warp or you can make over something second hand that will last.
I have a kettle to heat the water (it turns off automatically), a Chemex to hold the coffee, and good quality filters. No moving parts. :) However, I do have a really nice, well-made, and sturdy coffee grinder. LOL
Many years ago when I wanted to get into photography I spent a lot of time researching. I’d read every review I could find on gear as I didn’t want to regret my purchases later… Somewhere along the line I decided I wanted a tripod. Now this is not a piece of gear I use everyday, in fact it’s not used all that often, but when you need a tripod there’s just no substitute. One article I’d read made the statement “Buy once, cry once”. This was a review of a RRS (Really Right Stuff) tripod. Yes it was expensive, but thirteen years later I still have that same tripod and I know it’ll do what I want it to do… Buying expensive gear just because it’s expensive isn’t the answer, buying well made practical gear is… BTW I’ve heard of Cuts shirts, just never heard anyone review them. I’m thinking a wardrobe change will be in the works as the cheep shirts are just that… Thank you for your honesty.
A well made product that costs a bit more is usually preferable to a cheap one. You may have a bit of sticker shock at first but you’ll have a product that lasts a long time instead of like you found, one you have to keep replacing. I try to live by the “ buy better, buy less” lifestyle. Great video! And I agree, Bomba socks are so worth the extra $!
I'm thankful I was married to a man who was frugal and not cheap. He also always said, if we don't have the money, no matter what the deal is, it isn't a deal for us if we have to charge and pay off on time.
I really love this video. I struggle with this but one thing is my pens. I use them every day between work and life . I used to buy the really cheap ones that I hated, but now I buy ones that are more expensive. I love them, and I have the exact amount that I need. No more no less. And they only get thrown away when I’m done using them. And they last longer always a plus
Good video...I guess starting out married life 42 years ago we couldn't really afford much. But as the years go by getting quality things absolutely the way to go. We bought solid wood coffee tables and end tables and to day they are still going strong!
I love Bombas. I’ve had mine for years and a couple pairs started to get very worn down and some even have holes now.. I actually just emailed them and they’re sending me a replacement pack for free. They do stand behind their happiness guarantee!
I got a set of le creuset saucepans , the original volcanic orange, for my 21st birthday. I am still using those same pans today…..I’m 55……AND they look as good as new.
As they say... Buy once, Cry once. I have now bought merino wool socks for around $16 each that have a lifetime warranty and same with my $60 belt. There seems to be a new trend for men in getting quality as opposed to junk.
Great concept to talk about cheap versus frugal. One thing I have regretted buying was cheap furniture that would be good enough "for now". I didn't realize at the time how long furniture ends up staying in your home - it is expensive to replace! And that it would wear quickly while I was stuck with it until I could replace it with better quality pieces.
Very true! I am into gaming and was looking at a laptop. Stumbled across a local seller that was selling a quick sell . My son advised me about the specs that was presented. He told me to pick him up, RIGHT NOW and go to the bank to get the cash, don't dicker. He checked out the laptop and I haven't used all the potential of machine. Could have went cheap but very happy that didn't.
Great video! You know, I've noticed that Europeans (notably French women) will always go for the higher quality piece of clothing and live within their means by developing a more minimalist, and functional, classic wardrobe. By careful shopping it's possible to find very high quality clothing in mint condition at a good prices secondhand. Some of my favourite wardrobe items were found this way. I loved hearing about your tee shirt and sock choices. You can feel confident (and look good) every time you pull those items out and use them!
Many years ago, I wrote a story titled, "Socks: Instruments of Torture." So don't get me started on socks! I used to travel for business quite a lot and always liked to carry a small wireless speaker so I could listen to music, podcasts and etc. in my guest room without using earbuds all the time. I spent a fortune on various 'cheap' solutions until I just had enough and bought a Bose Soundlink Mini. It is slightly heavier than other options, but oh the sound! Plus I've had it for years and it has never failed me. Yes, quality will always pay you back in the end. Thanks for the content!
Great points! I think you have to balance what you can afford & trying to buy the best quality, but I agree, you get better value often times, by spending a little more upfront. I see this especially with clothes. For women, buying men's clothes if you can find a good fit, gives you the best of both worlds....better quality at a cheaper price.
A few years ago our central heat & air-conditioning went out. We went for almost 2 years without ac. I'm in central Florida. I looked at window units for the living room and 2 bedrooms - but I didn't want the ac hanging out of the windows. I looked at a mini split for the living room but the bedrooms wouldn't be cool. None of the options sounded good and the price of all that was a lot. When I finally has access to the money I needed I went with another central system that cost not much more than minisplits and window units. I also paid $1000 extra to get a more efficient system. I'm so glad I did that. It's been getting hotter and hotter this summer and we are staying cool inside! And my power bill has gone down with the more efficient system. That's a win win!
Every time, almost without exception, that my husband and I have chosen the cheap choice when buying something....it never works out. Most of the time we opt for the "middle" purchase. Not the cheapest, not the most expensive, but the most quality we can afford for the most affordable price we can find. I also related to the t-shirt example. I have bought inexpensive t-shirts as well and after a few washings they just don't look the same, don't hold up, and the color fades. PS...my sons and sons-in-law all love Bomba socks. They get them for Christmas gifts and are always excited to get them. Thanks for the video Tim.
Oh also, I recently purchased a custom, hand made tongue drum. It cost more than any of my other instruments, but I absolutely ADORE it! He did a wonderful job with the finish, and it sounds amazing. 😍
I must say, I buy tshirts and sweats at Walmart. They do not seem to wear out for me. I don’t notice them fading. Maybe the women’s clothing is different. I have an expensive pair of prescription sunglasses but don’t like to go into stores with sunglasses. My ophthalmologist office told me about wear over sunglasses sold at Walmart optometry offices, at like $25. I have more than one pair, they suit me very well. I am good with the way I shop, thank you very much. My life is not so complicated that I have to make your decisions, the one time only. I will however buy apple and Toyota products. I am older and set in my ways, and arrived at early retirement through frugality. I don’t need to be warned of the perils of credit cards. I should probably just click in the decluttering videos.
Wellow compression socks are my new frugal purchase! Glad to hear your review of Bombas, too. I just downsized my sock drawer, before watching this video!
Hi, the companies should pay you for giving them a good ad. I'm glad that you are being frugal about purchases. I have also done my fare share, I've accumulated so much stuff that all I want to do is get rid of them. Long story short, being frugal is good, but when it accumulates is not. Now I'm trying to go back to basics. Meaning a few of everything I need.
I'm enjoying watching your videos. They are really spot on with so many things. I can't even begin to tell you how many cheap purchases I have made in my life. I don't even remember 3/4s of those purchases.
“Quality” has multiple aspects. Before spending more on something, we should try to learn exactly what quality we are buying. For example, what I got by buying a carbon fiber road bike with high-end components was a very light weight bike. I did not get a more durable bike. In fact, the components may even be more fragile than those on a less expensive bike, and the frame is definitely more fragile. Parts and service are also more expensive. The bike is pure joy to ride, so I’d buy it again, but I was mistaken when I thought I was also getting durability. As for photography gear or anything for a new hobby, sometimes you don’t know what features you want or don’t want until you’ve used something, so high-end to start isn’t always worth it. My big mistake in that category was buying an aperture priority SLR camera (back in the film camera days!) when shutter priority would have better suited the sports events I wanted to photograph. That was due my lack of research and knowledge, but I was stuck with the wrong camera because I’d spent a lot on a “good” camera and couldn’t afford to do it again. (I should’ve tried to sell the first one, but I didn’t.). Lesson learned from bike and camera: Do your best to determine what you really want and need, and spend more only when you’re confident that the extra $ will buy quality the way YOU define quality.
I bought several pairs of Bombas socks including one pair of compression socks when I was going to Edinburgh (12 hour flight from San Francisco). It's been three years. Still have them. Still use them. You did not mention this but I am sure you did this... looked up reviews of sock companies, since I was investing that much, before going with B's 🧦. -Robin
I only wear polarized sunglasses (and have since I was in my teens...I'm a little older than that now ;) ), and I found a deal for 2 pair on Amazon that are pretty "strong" in their polarization. I think I paid $18 for both pair. I'm very happy with them - and I'm driving up and down East Tennessee several days a week, too. I'm keeping one in the original box until I lose or scratch the one pair I'm using, and I'm always putting that one in a case if I put them in my purse. ALWAYS. You're right about the frugal/cheap route, though. Now that my babies are grown up, I can afford to buy better quality stuff. We still usually look for things we need at Goodwill first. I have found SO MANY cheap things that were name brand quality items - seriously. My parents were smart ... I still have my their living room suit . . .they bought Ethan Allen cherry furniture in the 50s (they went for quality and longevity) and it still looks great nearly 80 years later! Thanks mom and dad!
Thank you for another informative video. I quit all socks that are not wool, bamboo or alpaca. Darn Tough socks are my favorite, because you can send them back and they will send you a new pair if they wear out. I like the same fabrics for base layer tops and bottoms because they are antimicrobial and require less washing, can be hand washed in the sink or shower and hung dry. Yes I paid more up front, but I have fewer items and they last years. I have a decent pair of polarized sunglasses but I still prefer my cheap Gateways Safety Mags, because they have readers molded in and they adjust well to my face. I worked in heavy construction management/ QA, QC, so I spent a career working outdoors in all types of weather. Even now I prefer to be outside. Less of good quality is definitely more because you can travel lighter. If only have your feet touch the ground, you will be more flexible and have more fun when you are traveling. At home you have less to maintain and it takes less effort to maintain it. Win win. Thank you for your clarification of frugal VS. cheap. Thank you again for the thought provoking video.
After years of buying pullover shirts at a major department store, I splurged and bought supima cotton shirts from Land's End. I've had those shirts for years and wear them all the time. They hold their shape well, do not fade, and never wrinkle after washing. I haven't bought a shirt from the mall in years.
I agree 100% and have always made large purchases based on buying the best quality that I can afford. Best quality does not always mean paying the most and it may not mean quality based on a companies prior reputation. For example I have lived in the same home for 53 years. When we renovated our kitchen in 1985 I purchased an Amana refrigerator and stove and a Maytag dishwasher. 5 years ago I replaced the refrigerator and 2 years ago the dishwasher needed to be replaced. I am still using the stove and in 38 years it has never needed to be serviced. One small burner did go out and for $25 I purchased a new burner and snapped it in myself. When I replaced the dishwasher I purchased a Bosch because of its current reputation. Maytag and Amana are both made by Whirlpool and are not quality machines that they once were. This week my Trane AC went out. The unit never failed in 29 years of service. The furnace was also a Trane and being 25 years old I decided the most frugal plan would be to replace both at the same time. This time I purchased a Daikin because of its newest technology, best warranty, and highest energy rating. Also when Trane was bought out it has lost its good reputation. The Daikin has a full 12 year parts and full 12 year labor warranty. If in those 12 years the compressor or heat exchanger go out the entire unit will be replaced for free. I had a similar experience with the water heater. The old one was a Smith and was 20 years old. I decided that it should be replaced before it failed. I purchased a new heater with a 12 year warranty from Home Depot for $750 and my neighbor who is a handyman picked it up and installed it for $100. Being cheap and being frugal are definitely not the same.
I’m finally realizing this and I like the way you’ve explained it. I don’t buy the cheap option anymore. Though I do try to get the best deal on the smarter frugal purchase. It always works out for me and I’m always glad I invested the extra money for better quality. Thanks for your wise advice.
Best frugal purchase has probably been my Vitamix blender. I wanted one for years and bought a refurbished one from Vitamix about 7 years ago. I use it nearly daily in my kitchen. It came with a warranty almost as good as a new one too. Also love my Kitchen Aid stand mixer, but it is 27 years old and I'm not sure they make them like they used to.
I’m currently decluttering a litany of “cheap” purchases and all I can think is….if I had just bought Less of higher quality, there wouldn’t be so much to declutter…. The number of shoes under $60 I have given away… They’ve been replaced by 2 pairs of Xero kelsos- not an advertisement but I am so comfortable and so happy. $100 and $79 (sale!) & the quality is over the top. The joy I have walking the dog is wonderful ❤
Thankfully although we were financially stressed my Mother insisted on the best shoes for me, she said someday I will thank her for healthy feet. One pair at the start of school, one pair of sneakers, one pair of winter boots, and it was expected I was to take care of them. She was right, my feet are great as I always followed that practice through my life and I will be 80 in four weeks.
Defo frugal over cheap. I went through umpteen blenders before finally coughing up for a Vitamix. Jeepers it cost more than my cooker did. I love my smoothies alright but it turned out to be worth its weight in gold when my mom could only eat liquidised food. (By the way, I’m English - ‘cough up’ means ‘reluctantly pay money for something’, it’s a very slang expression.)
I completely relate! I am 63, almost 64, and in the last year have discovered how much money I can save by not shopping weekly store sales anymore, but only buying what I need. I have also begun replacing my large wardrobe of cheap clothing (from thrift, clearance, yard sales, etc.), as items wear out, with far fewer, but higher quality, items that will probably last the rest of my life and look phenomenal every time I wear them. I've acquired an enormously stylish, extremely well-made wardrobe that will cost way less in the long term than the very inexpensive, shorter term assortment from cheap, largely used sources. Of course, it helps that I gave up my recreational shopping habit. I live on an extremely limited retirement income, the kind where I'm supplemented by government benefits, but whenever I invest in "quality," I know that it's actually the smartest and safest use of my financial resources. Plus, at this point in my life, I deserve it!
You need to write a small book about that, my friend! You could even contact publications like AARP who might use it in their magazine- there are lots of outlets. That would be a huge help for some people!
@@Good-DaySunshine Thank you so much for such a nice reply! I will think about that, partly because I was a writer in my professional life. 😊
😊😊👍🏻
You can't beat good quality for longevity. Another benefit is that frugal is more environmentally friendly than cheap. All that cheap junk just ends up in the trash.
Long lasting is the environmental better choice, most of the time
Excellent point! You are absolutely right!
👍🏻😊😊
👍🏻👍🏻
After years of buying new cars, I listened to a financial guru and when replacing my car (and later buying a car for my kid), I bought used. We ended up buying used rental cars from a decent company. Here's the thing, yes, people will abuse rental cars, but I live in a popular tourist area with loads of rentals. The rental company only keeps their cars in inventory until they reach a certain mileage (about 60,000 miles) and about 1-2 years old. The rental company cleans them after every use, makes sure the oil is changed and the engine is kept up, and to my mind, treats them better than most car owners do. (Who washes and vacuums their car every week?). We got both cars for thousands less than a new car would have cost, both had minor dings, but no major issues and both cars are going strong 4 years later. Also, both cars were still under warranty when we purchase. So, this is our frugal purchase.
Mine is the same ~ had higher mileage when I bought it but because I don’t drive a lot of miles, the mileage has equaled out (actually below now) than the average mileage per year.
😊
😊👍🏻👍🏻
I have a “cheap” AND frugal suggestion. I often shop resale where I find beautiful name brand clothing that someone with more money than me has donated. The best thing about buying resale clothes, besides the price, (which is usually “cheap”) is that just about everything has been through the wash multiple times so you can see the quality after usage before you buy. I feel it helps the environment and my pocketbook. ❤ You have to be prepared for a long search for a specific item sometimes but the payout to your pocketbook is worth it in my opinion. This was a great video. Thought provoking. Thanks!
Me too.
And me too! Love resale!
I’ve found nice used Clark shoes at upscale thrift stores. New ones are $100 and more. I’ve found some really nice new looking ones for under $20 and they’re so comfy !
A friend turned me on to thrift stores. Have purchased several items at probably a 90% discount from new. 😊
All my husband's everyday wear comes from my church's thrift shop for $3 per shirt, pants and shorts.
Where I live, the phrase is "you get what you pay for".
Except in too many cases, what you pay for is a designer label and advertising. Too often, a Big Name doesn’t automatically mean quality or durability.
@@jaindeau772not always any more. You need to research.
Or, buy cheap, buy twice.
I am not cheap, but I do look for a good deal in everything I purchase so I suppose you could say I am definitely a frugal shopper. I like to find high end items on sale whenever possible. I also shop thrift stores for some items-you just never know what you may find.
👍🏻😊😊
Very good wisdom, sir.
Thanks much. 👍
❤😊
Sir, the way You describe the difference between CHEAP and FRUGAL is Mind-Blowing! Wishing You all the BEST ❣️🤗
😊
👍🏻😊😊
Well said! There is definitely a difference between cheap and frugal. Thanks for sharing. Have a great week!
❤
👍🏻👍🏻👍🏻
As for food, I now buy quality over quantity.😊 Real butter rather than vegetable spread.
Oh yes. Just dug up potatoes and carrots from the garden, about to enjoy with real butter and real cheese. Heaven on a plate.
❤ good butter!❤❤❤
👍🏻😊😊
You didn't mention it, but another part of the cheap/frugal equation is the pleasure factor. If you're going to have to interact with something often, it's Indefinitely worth the money to make it a pleasure. In building our house we sprung for the pricey but perfect doorknobs. Sounds silly, but they've aged beautifully - egg shaped brass - that are easy to get hold of and a pleasure to look at. When we repainted we sprung for truly fabulous switch plates. They make me smile every time I turn the lights on. Not a big investment, but quite a bit more than your cheesy plastic plates and the pleasure return is huge! They're just switch plates and doorknobs, but they make me happy every day!
😊😊👍🏻
For over 20 years I worked in an industry that made wearing black a requirement…and I still do today 3 years after retiring! My tips were I NEVER EVER EVER washed black items in the washer.. I would wear a few times (air out after wearing and rotation of items). Then I would wash an item by hand in cold water and hang to dry. I have pants and shirts and tees that are over 10 years old and look new. I was shopping the other day and a person asked where I got my outfit.. I couldn’t remember and they said it looked brand new.
Another tip is I only buy one kind of sock… I buy 6-10 pair of the same sock. No need to match them in pairs.. just toss in the drawer. I wash in a laundry bag and they stay nice and don’t get all stretched out ..nor do I loose any. I take care of my things and treat even inexpensive things well so I don’t waste. Spending lots of money on an item MAY work on some things.. but research is needed. Today there is so much overpriced and overhyped garbage..you need to do your homework.
I've been buying the whole pack of socks that's alike and just throw in a drawer for years.
Yes, and we sometimes wear two pairs if the holes are in different places. Makes for extra padding in wellies. I like to save the tops of socks to replace cuffs on sweatshirts and jumpers. My husband loves PJs which I make from old duvet covers. I like to turn items inside out before washing.
@@jennywren8937 oh my goodness! You are very creative! I donated all unused clothes years ago and now just have what I love and keep it as pristine as possible. “Excess” drives me nuts… but I do admire your ability to reuse and be sustainable that way. I did not get that gene😃.. but anything we take care of, we prevent from going to a landfill and I count that as a win.
Congratulations on being a big winner 🎉
For years I have washed all of my clothing in cold water, on a gentle cycle and hang them to dry. I only machine dry sheets and towels. My clothes remain in terrific condition and I have things I still wear 10-12 yrs later. I rarely wash any of my denim jeans unless they get stains on them. I will wash denim shirts/tops periodically in warm or hot weather if they get sweaty smelling.
Cold water, gentle cycle. That's the key.
I’m about 10 years behind you on my timeline. These videos are like an older, wiser version of myself traveling back in time to give me some solid advice. Thank you.
😊nicely put.
👍🏻👍🏻👍🏻
Very good advice. This is where I learned how hard it is to get out of poverty. I knew a family that lived check to check, plus depended on help from others, just to get by. Not a lazy problem, they were working poor. I saw them never be able to afford the quality item, and end up spending more money on things that didn't last, but was all they could afford. Washers, dryers, kitchen appliances, furniture, cars, etc..They spent more money because they had to constantly fix or replace things. By seeing their experience, and watching my parents choose the cheap to save money, I decided the best choice is to get the quality item. So my first washer that lasted 16 years until I gave it to a neighvbor to put in their rental home, only had 1 speed, but was a work horse brand that I never had a problem with. I buy socks from Hippie Socks. They are more expensive, but I haven't had to replace socks for 4 years now. They also hire unhoused teens so I know the money I'm spending is helping a kid get off the street.
amazing work! helping the kids is never, ever going to be "waste"
WOW! I love the idea that Hippie Socks is helping teens! I'm going to check that out- thank you!
@@akontarini yes yes YES!!! 💖💕💝
👍🏻❤❤
Been buying Birkenstock’s since the 90’s, even when money was tight when my kids were little. Each pair lasts me for several years. So worth it.
THANK YOU Tim for the encouragement to everyone to not use credit.
😊never compromise in shoes my always right mother said!
Wow. You've hit on something important here. Cheap is what I grew up with. I am now retired, downsizing and realizing that, yep, Cheap is how I've continued to buy items that fell apart, mostly thrown out or donated, not worth selling. Ugh. You're teaching us. Thank you much.
😊😊
To me frugal means buying what you truly need and getting your moneys worth. I used to carry a cheap pen in my purse and was forever losing it. I finally bought a Mont Blanc pen and leather case. Because it’s really nice and not inexpensive I take extra care of it and I’ve had it over fifteen years.
👍🏻😊😊
I couldn't agree more! I remember one time, when I was still at university, a fellow student was very jealous of me having bought a pair of high quality winter boots. She said those were her dream boots but she wouldn't be able to afford them. What she didn't see was that she owned about 50 pairs of cheap shoes while I owned under 10 pairs. She had been spending the same amount of money on shoes as I had - if not more...The difference was that I choose quality over quantity.
😊😊👍🏻
Great video! I used to buy cheap sunglasses because I didn’t think I could trust myself with more expensive ones. I usually broke or misplaced them. About 10 years ago, my husband convinced me to invest in a really good pair. I still have them. You can’t beat the quality, plus I think you tend to take better care of things when you’ve invested the money in them 😊
thats what I used to tell reluctant customers when I was a practicing optician...1 set of eyes - take care of them...
Notebooks. As a fountain pen user (which is a frugal thing in itself since I use bottled inks) I buy only quality notebooks with fountain pen friendly paper (Leuchtturm, Rhodia, Stalogy, Hobonichi...). No bleed through and superior writing experience. Great video, Tim!
I do the same, for the same reasons! ☺️
Meline
❤❤
I did the same as you with sunglasses. I went through so many cheap sunglasses until I bought a $225 pair five years ago. I still have that pair and I take good care of them, unlike the cheap sunglasses I used to buy. The more I spend on something, the better care of it I take.
😊😊
I bought a patio set from a thrift store because it was cheap. Got it home and hated it for six months. Ended up selling it and replacing it with a high quality set with Sunbrella fabric that I found on sale direct from the manufacturer and I love it! I am trying to be much more careful and think before I buy something that I’m not going to be happy with just because it’s cheap.
😊👍🏻
Totally agree! So much smarter to buy something once and have it last than buy something over and over because it breaks or wears out.
💯
This is the kind of conversation your dad or granpa has with you when you’re getting started in life.
Thank you!
~N
❤❤❤
💚
Frugality is essentialism’s best friend. It allows you to have only the best of what truly need.
well said! love that!
👍🏻👍🏻😊
There's a wonderful concept called "price per wearing." If you want good-quality clothes that will last, yes indeed, buy things that are well-made and have a higher initial cost.
The problem for a lot of folks is trying to save money to buy good quality, hoping the item they want will still be for sale when they can afford to buy it. Plus the pressure of our "have it now" society.
Last year, I finally invested in some bamboo T-Shirts, the material isn’t for everyone, but oh my goodness… they’re the nicest, softest T-Shirts ever. I’m so happy with that decision, just wish I hadn’t waited so long. ❤
👍🏻👍🏻😊
You are too funny, Tim! Glad to see your humor peeking through! Great job on continuing to declutter. You've given me some much needed pushes to continue decluttering in my own space. Continued success with the videos. 👍🥃
😂😂😂
I read more than my wallet can keep up with, plus I dislike clutter. I gave away over 900 books from my personal library. So now I use a Kindle and I purchase mostly free books. I have found my Kindle helps keep my fiction reading at a more manageable cost. I still buy paperbacks for my Bible studies, but the everyday cost is minimized because I read about 10 books a week just or enjoyment. Yarn is the same way. To make high quality products, one needs high quality yarn and I have learned that through other knitters. Now my few knitted gifts each year are made with beautiful yarns. Not just the cheaply produced yarns. I just found you today and I am enjoying your commonsense approach to things. Thank you.
Thank you. I agree
❤😊
Great video, also, we pay our CC off every month, so it's really for convenience and points, not a loan. Yes, that would be a good video.
Thinking the same thing.
I live in a 55 plus gated community, I have been here almost 27 years. We have estate sales almost every weekend, sometimes 2 or3.
I have purchased some beautiful solid wood furniture and lamps I could have never afforded retail. I’m an 85 yr active lady, I believe you get what you pay for. If it has to last buy it right, buy it once.
Love your subtle humor. So glad your channel is growing.
❤❤😊
Your dry sense of humour is a tonic.
😊
❤❤❤
I am usually a frugal shopper with good shoes, good handbags, and good bathing suits. The one exception is my cellphone, I'm extremely happy with my cheap Xiaomi phone which I use already for 6 years! Glad I didn't buy a hyped-up expensive one.
Knowing what is quality is the key, not necessarily price. We live in a museum of stuff collected over sixty years, some items at bargain prices because they were out of fashion. Same with clothes, I still have items thirty years old and my husband says I am as well dressed as I was then! 😊❤ love him. Only problem I have these days is carpet moth which insist on destroying the best carpet in the house.
This video is right on time for me, as I am looking to replenish my wardrobe.
❤❤😊
im a cheap buyer and this video has made me think abit more about what i am buying in the future...thank you
I bought a good pair of winter boots. So instead of lasting one winter, which I find the cheap pairs only last, I've used them for about ten years now. A very good investment.
New to your channel...have enjoyed catching up on your videos. Can't wait for your credit card debt video....
Thanks, Tim! That is certainly wise advice. I have some examples where I am cheap. I wear Walmart jeans that cost $9.97 each. I guess they last about half as long as an expensive pair of jeans but those expensive jeans cost much more than twice $9.97. Sometimes cheap and frugal can go hand in hand. I buy Amazon reading glasses. They are $10.00 for four pairs. I'm sure I would be better served with a set of prescription reading glasses but as often as I lose, drop, step on, etc my cheap readers, I'm not sure if it would be more frugal for me to buy an expensive pair. It would certainly be better for my eyes! In the future, I will look for ways to spend more to save in the long run. I always enjoy your thought-provoking videos, Tim!
Well said. I used to buy cheap stuff and finally made the switch to quality instead. Made all the difference in quality of life and freed up so much time I was wasting on shopping for more cheap stuff. Took me years to learn that too.
I believe in buying better quality if I can afford it and as a result buying less and bringing home less. Despite the fact that I have ADHD and am losing things often, I've had the same pair of ray ban sunglasses for years. Since I paid more for them - I really put the effort into taking care of them and not losing them. With my ADHD, I've found that the LESS I own...the less I actually lose and so the less I have to buy again. In my opinion, being frugal is buying better quality once, rather than buying the same thing multiple times at the cheapest price.
One area that folks need to be careful about if they are newly interested in minimalism/essentialism or being eco-friendly- is not arbitrarily buying all new everything - either all eco friendly products or all higher end for their newly minimized space. The eco-friendly/frugal choice is to use/use up what you have. And going minimal/essential isn't an excuse to "upgrade" everything you decide to keep. I know that's not exactly what you're talking about here, but I've seen it a lot.
Good for you for getting out of credit card debt. Our society has normalized credit card debt payments like a regular bill. And it really only benefits the credit card companies and the stores where people are making impulsive purchases. I cut up my credit cards because (with ADHD)...it's too easy for me to impulsively spend. 💸💸💸
💯
@@kzZnAT0r 😊
Purses. Bought cheap purses for years from box stores. $19.96 to $54.99. Use them 6 mo. Throw them away. Buy another. Purchased a hand made all leather purse from a local artist for $330. I've had it for 3 years and it still looks great. I toss this thing around everywhere I go and haven't even come close to wearing it out. Best bag I've ever had.
Thank you for this advice !!
so helpful!
👍
❤❤❤
Cool guy sunglasses 😎 😂 Valuable lesson
Good ideas. Every time I buy cheap it usually ends up getting tossed, so its actually expensive and wasteful plus fills landfills and all of that. Buy fewer things by making sure is quality. Saves money.
I just watched your video on what TH-cam paid you for one month and realized I never finished watching this video. Thanks for the reminder because I loved it. By the way, the comments are turned off for your newest video.
comments go on and off...keep looking for them...BTW, like few comments and that helps him A LOT
also, if you like some comments will help him as well
😊😊❤
😊😊😊
The socks thing is so true! I need to get me some decent socks!
♡ Great reflections!
I always say, "Buy once, cry once"! I just discovered you and am working through your video cache. Great content!
love this "buy once, cry once"
I have found there is usually a good middle of the road product. Not the most expensive but not the cheapest either. Sometimes the most expensive items are as low quality as the cheapest. This is an excellent topic that doesn't usually get much coverage. I am about 2 years away from retirement and it is a concern to use our money in the best way possible.
From receiving my first pay packet my father said ......' You get what you pay for, try and always go for quality not quantity' .....shopping with friends in my teens i did buy cheap.....when i married and had children my fathers advice suddenly made sense. Now in my late 70s i can honestly say except for my teenage years i have always adhered to my fathers advice.
❤❤❤
❤❤❤
My motto is “ you get what you pay for “.
I buy Quality and buy ONCE…
I have Alegría brand shoes I’ve had since 2013, dresses from Macy’s or Dillard’s for 15 plus years. I don’t buy trends or latest fashions.
I agree with the brand of socks… In 2003 in New Zealand I bought several pairs of wool socks when I was on a Sheep /Wool ranch. I still wear them for hiking, walking, traveling, or whatever.
Many years ago I started using an on board size suitcase with inline wheels. I also have a large bag for hanging clothes that can be used on board as it has several large zippered pockets, it rolls up into a small size with a long strap for over the shoulder carrying. It can be all I need on long trips.
I pack light and rewear my clothing.
Thanks for all your good tips. I enjoy your videos.
This is sort of opposite... Coffeemakers... I spent big $$ buying a Bunn for home use; just to make coffee, not grind grounds or make any fancy coffee drinks. I had it for probably ten years. In that time, it broke down twice, costing me almost as much as the original price to fix. The third time it quit, I bought a $15 Mr. Coffee. I've had it since 2004 and it's still working fine. The only thing I wish it did was have a separate option to turn on the hot plate after it turns off after two hours--not a biggie, for sureww
That can be true. For solid wood furniture too. You can spend a bunch on something mdf that's going to warp or you can make over something second hand that will last.
I have a kettle to heat the water (it turns off automatically), a Chemex to hold the coffee, and good quality filters. No moving parts. :) However, I do have a really nice, well-made, and sturdy coffee grinder. LOL
Love your channel ❤️❤️❤️
Many years ago when I wanted to get into photography I spent a lot of time researching. I’d read every review I could find on gear as I didn’t want to regret my purchases later…
Somewhere along the line I decided I wanted a tripod. Now this is not a piece of gear I use everyday, in fact it’s not used all that often, but when you need a tripod there’s just no substitute. One article I’d read made the statement “Buy once, cry once”. This was a review of a RRS (Really Right Stuff) tripod. Yes it was expensive, but thirteen years later I still have that same tripod and I know it’ll do what I want it to do…
Buying expensive gear just because it’s expensive isn’t the answer, buying well made practical gear is…
BTW I’ve heard of Cuts shirts, just never heard anyone review them. I’m thinking a wardrobe change will be in the works as the cheep shirts are just that…
Thank you for your honesty.
A well made product that costs a bit more is usually preferable to a cheap one. You may have a bit of sticker shock at first but you’ll have a product that lasts a long time instead of like you found, one you have to keep replacing. I try to live by the “ buy better, buy less” lifestyle. Great video! And I agree, Bomba socks are so worth the extra $!
I'm thankful I was married to a man who was frugal and not cheap. He also always said, if we don't have the money, no matter what the deal is, it isn't a deal for us if we have to charge and pay off on time.
❤❤😊
I really love this video. I struggle with this but one thing is my pens. I use them every day between work and life . I used to buy the really cheap ones that I hated, but now I buy ones that are more expensive. I love them, and I have the exact amount that I need. No more no less. And they only get thrown away when I’m done using them. And they last longer always a plus
Wise concept❤️
I don't mind paying for quality, and I like things which last. Enjoyable video!
Good video...I guess starting out married life 42 years ago we couldn't really afford much. But as the years go by getting quality things absolutely the way to go. We bought solid wood coffee tables and end tables and to day they are still going strong!
You are speaking my language.... I prefer frugal over cheap. I try to go for quality. I don't use credit cards.
I love Bombas. I’ve had mine for years and a couple pairs started to get very worn down and some even have holes now.. I actually just emailed them and they’re sending me a replacement pack for free. They do stand behind their happiness guarantee!
Gabe is awesome! Thanks for promoting him.😊
😊😎
❤❤❤
I got a set of le creuset saucepans , the original volcanic orange, for my 21st birthday. I am still using those same pans today…..I’m 55……AND they look as good as new.
Great tips. I learned cheap vs frugal from my very practical Japanese mother. 🙂
As they say...
Buy once,
Cry once.
I have now bought merino wool socks for around $16 each that have a lifetime warranty and same with my $60 belt.
There seems to be a new trend for men in getting quality as opposed to junk.
Great concept to talk about cheap versus frugal. One thing I have regretted buying was cheap furniture that would be good enough "for now". I didn't realize at the time how long furniture ends up staying in your home - it is expensive to replace! And that it would wear quickly while I was stuck with it until I could replace it with better quality pieces.
😊you are not alone😊
Very true! I am into gaming and was looking at a laptop. Stumbled across a local seller that was selling a quick sell . My son advised me about the specs that was presented. He told me to pick him up, RIGHT NOW and go to the bank to get the cash, don't dicker. He checked out the laptop and I haven't used all the potential of machine. Could have went cheap but very happy that didn't.
In Germany we say "If you buy cheap, you buy twice". This is usually when talking about tools but it applies to basically everything.
Great video! You know, I've noticed that Europeans (notably French women) will always go for the higher quality piece of clothing and live within their means by developing a more minimalist, and functional, classic wardrobe. By careful shopping it's possible to find very high quality clothing in mint condition at a good prices secondhand. Some of my favourite wardrobe items were found this way. I loved hearing about your tee shirt and sock choices. You can feel confident (and look good) every time you pull those items out and use them!
Many years ago, I wrote a story titled, "Socks: Instruments of Torture." So don't get me started on socks! I used to travel for business quite a lot and always liked to carry a small wireless speaker so I could listen to music, podcasts and etc. in my guest room without using earbuds all the time. I spent a fortune on various 'cheap' solutions until I just had enough and bought a Bose Soundlink Mini. It is slightly heavier than other options, but oh the sound! Plus I've had it for years and it has never failed me. Yes, quality will always pay you back in the end. Thanks for the content!
Good food for thought. Thanks! And I do remember those cobblestones in Rome and Assisi☺️Good point about the luggage
Great points! I think you have to balance what you can afford & trying to buy the best quality, but I agree, you get better value often times, by spending a little more upfront. I see this especially with clothes. For women, buying men's clothes if you can find a good fit, gives you the best of both worlds....better quality at a cheaper price.
A few years ago our central heat & air-conditioning went out. We went for almost 2 years without ac. I'm in central Florida. I looked at window units for the living room and 2 bedrooms - but I didn't want the ac hanging out of the windows. I looked at a mini split for the living room but the bedrooms wouldn't be cool. None of the options sounded good and the price of all that was a lot. When I finally has access to the money I needed I went with another central system that cost not much more than minisplits and window units. I also paid $1000 extra to get a more efficient system. I'm so glad I did that. It's been getting hotter and hotter this summer and we are staying cool inside! And my power bill has gone down with the more efficient system. That's a win win!
Every time, almost without exception, that my husband and I have chosen the cheap choice when buying something....it never works out. Most of the time we opt for the "middle" purchase. Not the cheapest, not the most expensive, but the most quality we can afford for the most affordable price we can find. I also related to the t-shirt example. I have bought inexpensive t-shirts as well and after a few washings they just don't look the same, don't hold up, and the color fades. PS...my sons and sons-in-law all love Bomba socks. They get them for Christmas gifts and are always excited to get them. Thanks for the video Tim.
Oh also, I recently purchased a custom, hand made tongue drum. It cost more than any of my other instruments, but I absolutely ADORE it! He did a wonderful job with the finish, and it sounds amazing. 😍
I must say, I buy tshirts and sweats at Walmart. They do not seem to wear out for me. I don’t notice them fading. Maybe the women’s clothing is different. I have an expensive pair of prescription sunglasses but don’t like to go into stores with sunglasses. My ophthalmologist office told me about wear over sunglasses sold at Walmart optometry offices, at like $25. I have more than one pair, they suit me very well.
I am good with the way I shop, thank you very much. My life is not so complicated that I have to make your decisions, the one time only. I will however buy apple and Toyota products.
I am older and set in my ways, and arrived at early retirement through frugality. I don’t need to be warned of the perils of credit cards. I should probably just click in the decluttering videos.
Thanks for a great video! Quality is remembered long after the price is forgotten! I love your videos! Hope you have a wonderful week!🙏
Wellow compression socks are my new frugal purchase! Glad to hear your review of Bombas, too. I just downsized my sock drawer, before watching this video!
synchronicity!
❤😊
Hi, the companies should pay you for giving them a good ad. I'm glad that you are being frugal about purchases. I have also done my fare share, I've accumulated so much stuff that all I want to do is get rid of them. Long story short, being frugal is good, but when it accumulates is not. Now I'm trying to go back to basics. Meaning a few of everything I need.
I'm enjoying watching your videos. They are really spot on with so many things. I can't even begin to tell you how many cheap purchases I have made in my life. I don't even remember 3/4s of those purchases.
but our earth does remember....and there lies our problem! BTW, I have done this too, not pointing fingers
❤❤❤😊😊😊
“Quality” has multiple aspects. Before spending more on something, we should try to learn exactly what quality we are buying. For example, what I got by buying a carbon fiber road bike with high-end components was a very light weight bike. I did not get a more durable bike. In fact, the components may even be more fragile than those on a less expensive bike, and the frame is definitely more fragile. Parts and service are also more expensive. The bike is pure joy to ride, so I’d buy it again, but I was mistaken when I thought I was also getting durability.
As for photography gear or anything for a new hobby, sometimes you don’t know what features you want or don’t want until you’ve used something, so high-end to start isn’t always worth it. My big mistake in that category was buying an aperture priority SLR camera (back in the film camera days!) when shutter priority would have better suited the sports events I wanted to photograph. That was due my lack of research and knowledge, but I was stuck with the wrong camera because I’d spent a lot on a “good” camera and couldn’t afford to do it again. (I should’ve tried to sell the first one, but I didn’t.).
Lesson learned from bike and camera: Do your best to determine what you really want and need, and spend more only when you’re confident that the extra $ will buy quality the way YOU define quality.
I bought several pairs of Bombas socks including one pair of compression socks when I was going to Edinburgh (12 hour flight from San Francisco).
It's been three years.
Still have them.
Still use them.
You did not mention this but I am sure you did this... looked up reviews of sock companies, since I was investing that much, before going with B's 🧦.
-Robin
I only wear polarized sunglasses (and have since I was in my teens...I'm a little older than that now ;) ), and I found a deal for 2 pair on Amazon that are pretty "strong" in their polarization. I think I paid $18 for both pair. I'm very happy with them - and I'm driving up and down East Tennessee several days a week, too. I'm keeping one in the original box until I lose or scratch the one pair I'm using, and I'm always putting that one in a case if I put them in my purse. ALWAYS. You're right about the frugal/cheap route, though. Now that my babies are grown up, I can afford to buy better quality stuff. We still usually look for things we need at Goodwill first. I have found SO MANY cheap things that were name brand quality items - seriously. My parents were smart ... I still have my their living room suit . . .they bought Ethan Allen cherry furniture in the 50s (they went for quality and longevity) and it still looks great nearly 80 years later! Thanks mom and dad!
Thank you for another informative video. I quit all socks that are not wool, bamboo or alpaca. Darn Tough socks are my favorite, because you can send them back and they will send you a new pair if they wear out. I like the same fabrics for base layer tops and bottoms because they are antimicrobial and require less washing, can be hand washed in the sink or shower and hung dry. Yes I paid more up front, but I have fewer items and they last years. I have a decent pair of polarized sunglasses but I still prefer my cheap Gateways Safety Mags, because they have readers molded in and they adjust well to my face. I worked in heavy construction management/ QA, QC, so I spent a career working outdoors in all types of weather. Even now I prefer to be outside. Less of good quality is definitely more because you can travel lighter. If only have your feet touch the ground, you will be more flexible and have more fun when you are traveling. At home you have less to maintain and it takes less effort to maintain it. Win win. Thank you for your clarification of frugal VS. cheap. Thank you again for the thought provoking video.
After years of buying pullover shirts at a major department store, I splurged and bought supima cotton shirts from Land's End. I've had those shirts for years and wear them all the time. They hold their shape well, do not fade, and never wrinkle after washing. I haven't bought a shirt from the mall in years.
I agree 100% and have always made large purchases based on buying the best quality that I can afford. Best quality does not always mean paying the most and it may not mean quality based on a companies prior reputation. For example I have lived in the same home for 53 years. When we renovated our kitchen in 1985 I purchased an Amana refrigerator and stove and a Maytag dishwasher. 5 years ago I replaced the refrigerator and 2 years ago the dishwasher needed to be replaced. I am still using the stove and in 38 years it has never needed to be serviced. One small burner did go out and for $25 I purchased a new burner and snapped it in myself. When I replaced the dishwasher I purchased a Bosch because of its current reputation. Maytag and Amana are both made by Whirlpool and are not quality machines that they once were. This week my Trane AC went out. The unit never failed in 29 years of service. The furnace was also a Trane and being 25 years old I decided the most frugal plan would be to replace both at the same time. This time I purchased a Daikin because of its newest technology, best warranty, and highest energy rating. Also when Trane was bought out it has lost its good reputation. The Daikin has a full 12 year parts and full 12 year labor warranty. If in those 12 years the compressor or heat exchanger go out the entire unit will be replaced for free. I had a similar experience with the water heater. The old one was a Smith and was 20 years old. I decided that it should be replaced before it failed. I purchased a new heater with a 12 year warranty from Home Depot for $750 and my neighbor who is a handyman picked it up and installed it for $100. Being cheap and being frugal are definitely not the same.
It’s so true you really do have to pay up front for decades of a sure thing!🙌🏼
💯
😊
I’m finally realizing this and I like the way you’ve explained it. I don’t buy the cheap option anymore. Though I do try to get the best deal on the smarter frugal purchase. It always works out for me and I’m always glad I invested the extra money for better quality. Thanks for your wise advice.
welcome to the club! same here
You're describing Vimes' Boots Theory. I wish I'd studied this in school!
Interesting video, thank you
👍
❤❤
Best frugal purchase has probably been my Vitamix blender. I wanted one for years and bought a refurbished one from Vitamix about 7 years ago. I use it nearly daily in my kitchen. It came with a warranty almost as good as a new one too. Also love my Kitchen Aid stand mixer, but it is 27 years old and I'm not sure they make them like they used to.
Kitchenaids are now owned by whirlpool, nylon gears now. So I went with Anksarum, Swedish made beauty (Electrolux) that will never die.
@@dianamartina3019 used to love KitchenAid...sad
😊
I’m currently decluttering a litany of “cheap” purchases and all I can think is….if I had just bought Less of higher quality, there wouldn’t be so much to declutter…. The number of shoes under $60 I have given away… They’ve been replaced by 2 pairs of Xero kelsos- not an advertisement but I am so comfortable and so happy. $100 and $79 (sale!) & the quality is over the top. The joy I have walking the dog is wonderful ❤
🙂🙂🙂
Agree with you on the t-shirts and the socks! Always have great polarized lens, sight is very important!
Enjoyed the vid 👍
Thankfully although we were financially stressed my Mother insisted on the best shoes for me, she said someday I will thank her for healthy feet. One pair at the start of school, one pair of sneakers, one pair of winter boots, and it was expected I was to take care of them. She was right, my feet are great as I always followed that practice through my life and I will be 80 in four weeks.
❤
You are so right...quality costs more but works out so much better economically, environmentally in the long run!
Defo frugal over cheap. I went through umpteen blenders before finally coughing up for a Vitamix. Jeepers it cost more than my cooker did. I love my smoothies alright but it turned out to be worth its weight in gold when my mom could only eat liquidised food.
(By the way, I’m English - ‘cough up’ means ‘reluctantly pay money for something’, it’s a very slang expression.)
I love my Vitamix! I got the refurbished one to make it less expensive. It’s the only appliance I took with me when I moved across the country. ❤