Why is saving money so hard?

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VirtualLarry

No Lifer
Aug 25, 2001
56,450
10,119
126
I realized a while back that the stuff I want, I don't even really want. I do all the research, buy the piece of shit, feel good for a bit, then almost never use it again. Biggest wastes in the past few years:

1. Playstation 3 for $500
2. Gameboy Advance for $200 w/accessories
3. Blackberry Playbook for $600
4. Nice clothes from J.Crew and Banana Republic for >$1000

A big spender I know is just like this but hasn't made the realization about useless shit. She buys a lot, uses things once, never again. There's even stuff she buys and never opens -- she's probably a hoarder though.

Yeah, I'm like that too, unfortunately. And yes, I'm kind of a hoarder.
 

VirtualLarry

No Lifer
Aug 25, 2001
56,450
10,119
126
Ramen bowls? Bowls? You can get the packets for as low as $0.10 each if you catch them on sale. Can eat for a week plus on $0.78! D:

I'm lazy, and the bowls are far more convenient to fix. Just open bowl, remove dried veg packet and spice packet, fill with cold water, open dried veg packet, put on top, pop in microwave for 5 min, take out, let sit for water to absorb into noodles, open spice packet and stir in, and enjoy!

If I got the plain ramen packets, I wouldn't get the dried vegetables, and I would have to boil water myself, and then clean the pot afterwards.
 

Engineer

Elite Member
Oct 9, 1999
39,234
701
126
I'm lazy, and the bowls are far more convenient to fix. Just open bowl, remove dried veg packet and spice packet, fill with cold water, open dried veg packet, put on top, pop in microwave for 5 min, take out, let sit for water to absorb into noodles, open spice packet and stir in, and enjoy!

If I got the plain ramen packets, I wouldn't get the dried vegetables, and I would have to boil water myself, and then clean the pot afterwards.

Put in bowl...add water...microwave.....PROFIT!!!
 

JDawg1536

Golden Member
Apr 27, 2006
1,275
0
76
And with all that ramen you guys eat you'll die ten years earlier. That means you'll need even less money to retire on. Double savings!
 

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
And with all that ramen you guys eat you'll die ten years earlier. That means you'll need even less money to retire on. Double savings!

If I die 10 years earlier because of the all the ramen I've eaten, it was a good trade off. I don't eat ramen because I'm saving money. I eat it because I like it. But I don't eat the nasty 10 cents ramen or the nasty bowl ramen. Bowl ramen can't taste good because the noodles can't be thick. Good instant ramen needs good noodle and every bowl ramen has subpar noodles because of the bowl cooking restriction.
 

Engineer

Elite Member
Oct 9, 1999
39,234
701
126
If I die 10 years earlier because of the all the ramen I've eaten, it was a good trade off. I don't eat ramen because I'm saving money. I eat it because I like it. But I don't eat the nasty 10 cents ramen or the nasty bowl ramen. Bowl ramen can't taste good because the noodles can't be thick. Good instant ramen needs good noodle and every bowl ramen has subpar noodles because of the bowl cooking restriction.

Haven't eaten ramen in quite some time (over a year). Now I don't have a problem dropping $0.78 (on sale) for Chef-Boy-R-Dee stuff! Yummy....and so very bad for me!!! (cheap too).
 

Engineer

Elite Member
Oct 9, 1999
39,234
701
126
i know

i really really want to go to england, but i honestly think i'll need to get a million dollars before i feel like i can afford it

As soon as you get to one million....you'll feel that it needs to be two million....and the cycle will start over and continue...
 

mrjminer

Platinum Member
Dec 2, 2005
2,739
16
76
Put in bowl...add water...microwave.....PROFIT!!!

Yea dude. Ramen cups are pretty expensive. I have never bought one before. I always microwave them.

I cook two packs at a time, using one of three receptacles:

  1. http://www.amazon.com/Nordic-Ware-M...32686194&sr=1-2&keywords=nordicware+microwave
  2. http://www.amazon.com/Pampered-Chef-Large-Cooker-Microwave/dp/B000WIQHPM
  3. http://www.amazon.com/Pampered-Chef...86083&sr=1-2&keywords=pampered+chef+microwave
The first one seems to be pretty much made for ramen, but is actually pretty good for just about everything. The lid also reversible, so I can usually be lazy about breaking it up since it keeps the ramen submerged a little. The best microwaveable, reusable ramen container I have come across. I got it for a Christmas gift a few years ago, and I highly recommend it.

The second is a good multi-purpose dish for the size. It works well for ramen, but it takes longer to cook, and you will want to break it up the ramen after it gets soft enough so it cooks better / faster. Don't really have any problems with overflowing.

The third is a little small, causing overflows from the water heating (remember, I do two, though). You have to shove the noodles in it and it crunches the corner a tad, but that also holds the noodles down so they don't float up until the noodles start cooking. Probably cooks them better than the larger pampered chef container, but it is almost guaranteed to overflow.

Haven't eaten ramen in quite some time (over a year). Now I don't have a problem dropping $0.78 (on sale) for Chef-Boy-R-Dee stuff! Yummy....and so very bad for me!!! (cheap too).

Lucky you, sales here for Chef-Boy-R-Dee are like $1. In fact, I don't think I've seen them ever go below $1 in 15 years -- but they are regularly on sale (like 3 weeks every month). The store-brand is usually $0.78 sale. I stoop that low rarely because the quality isn't there.
 
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ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
As soon as you get to one million....you'll feel that it needs to be two million....and the cycle will start over and continue...

Pretty much. It's never going to enough because it's human nature to want more. You can always make more money. But you can't turn back the clock. You're going to be this age only one time. I spent $4,500 last week on two plane tickets for my wife and daughter so they can spend the summer months traveling through Korea and maybe Japan. They'll probably spend another $15k there while traveling. And it will be money well spent because my daughter will be this age only once and one year for a child is like 3 years for an adult. Next summer they will travel somewhere else. Every year they'll go somewhere different. While I stay here during the summer and work my butt off. But it's all worth it for them to experience the culture.
 

Safeway

Lifer
Jun 22, 2004
12,081
9
81
I think that you can live fairly comfortably on a post-tax income of $10,000 per month. This is inclusive of all mortgages, loan payments, bills, food, entertainment, etc. Once you've established a lifestyle that is comfortably within your means, any overage is cake. If you received a 10% raise, you're suddenly bringing home $1,000 more per month. As long as you don't spend this money on frivolous shit, you should be able to squirrel it away.

The problem is, if you're only bringing home $2,000 per month, driving unreliable vehicles, renting Section 8 housing, and living paycheck to paycheck, any additional income will undoubtedly be spent on existing debt, upgrading your vehicle, increasing your standard of living, etc.

On the opposite extreme, if you own a small business and you're bringing in $100,000 per month, it would take a decent amount of effort to spend all of the money on a monthly basis. Sure, you could easily max out by purchasing a 14,000 square foot home or starting a small Ferrari collection, but there is really no need for multiple expensive cars or a 10-bedroom, 15-bath home. Even if you spend half of the post-tax income, you're sitting on a $50,000 surplus per month. Amassing a million dollars would be easy.
 

zCypher

Diamond Member
Aug 18, 2002
6,115
171
116
Combination of poor habits and low income. Generally if your money management is poor when you don't make much money, making more money doesn't magically improve your money management, so you can easily stay poor despite doubling or quadrupling your income. I found that once I alleviated my insanely bad money management, I was able to start saving up money when it always "seemed so hard" before. It actually isn't that hard, it's just the natural result of poor decision after poor decision.
 

WhoBeDaPlaya

Diamond Member
Sep 15, 2000
7,414
401
126
Eating out isn't necessarily expensive, eg. 1 super packed Chipotle bowl (extra rice, extra veggies) = 2 meals for ~$3.50 each.
 

tcsenter

Lifer
Sep 7, 2001
18,420
293
126
Your question stated another way:

"Why have I made or make the choices that I have?"

That's pretty much what it boils down to. Don't get me wrong, in my younger days (20s) I blew all my income and even got a bit overextended with credit. Then about the time I was starting to wise-up and realize how much money I had blown, health problems ended my career and brought my best earning years to an early close.
 

kaerflog

Golden Member
Jul 23, 2010
1,899
4
76
I think that you can live fairly comfortably on a post-tax income of $10,000 per month. This is inclusive of all mortgages, loan payments, bills, food, entertainment, etc. Once you've established a lifestyle that is comfortably within your means, any overage is cake. If you received a 10% raise, you're suddenly bringing home $1,000 more per month. As long as you don't spend this money on frivolous shit, you should be able to squirrel it away.

The problem is, if you're only bringing home $2,000 per month, driving unreliable vehicles, renting Section 8 housing, and living paycheck to paycheck, any additional income will undoubtedly be spent on existing debt, upgrading your vehicle, increasing your standard of living, etc.

On the opposite extreme, if you own a small business and you're bringing in $100,000 per month, it would take a decent amount of effort to spend all of the money on a monthly basis. Sure, you could easily max out by purchasing a 14,000 square foot home or starting a small Ferrari collection, but there is really no need for multiple expensive cars or a 10-bedroom, 15-bath home. Even if you spend half of the post-tax income, you're sitting on a $50,000 surplus per month. Amassing a million dollars would be easy.

Is this a serious post ??
Post-tax of $10K a month ?? Thats $120K a year and ~$200K gross.
WTF !!! Thats in the top 5% percentile.
 

dr150

Diamond Member
Sep 18, 2003
6,571
24
81
I'm frugal, but I have to eat out at foodie places and have my bourbon and wine.

I bought Constellation Brands stock, banking on the idea that there's other stupid fuckheads like me that are addicted to booze.......Sure enough CB has made investors like me really good buck over the years!
 
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