For example, something is worth $5 is but is currently selling for $15 – you want it but you don’t need it. Do you buy it or not?
Or you’re in a touristy area and the food is overpriced but you’re a little hungry – do you eat or wait?
My frugal mindset means I don’t buy it most of the time. I struggle to buy even overpriced carrots. Why should I give in to the carrot scalper etc.
But then it can feel a little silly since I can easily afford the expensive carrot.
Would you buy something overpriced but you can easily afford it?
byu/StraightPin4420 inFrugal
Posted by StraightPin4420
9 Comments
It’s called fairness. No one likes to be taken advantage of. Maybe in rare instances you won’t resent it.
That’s two things for me. Buying things that I don’t need. At 5$ or 15$, I don’t buy it. Buying prepared food, that is an experience. Yes, you could wait to be home or somewhere else to buy cheaper. But buying on site where you are having a good time is part of the fun.
I’ll be hangry before I buy tourist priced food, but I’ll cave if I’m with friends who are hangry. Unfortunate, but true.
I never do on principle.
If I’m hungry I can’t wait.
But I always pack snacks to avoid that.
I only do it if it feels like a treat. For example, I wanted a new purse. I’ve always just bought used from Goodwill, because I can always find something that works when my old one wears out, but I decided for my 50th birthday I was going to splurge. I went to a department store and looked around, I was willing to spend decent money, but it was still eating at me, because if I was going to spend that, it had better be perfect. I wasn’t finding anything that fit that bill, until I wandered over to the sale section. Tucked clear in the back on the bottom shelf was The Bag. Perfect in every way, and it was 66% off, but was still a little over $100. I bought it, it felt good because I got it on sale, and I’ll probably have it for the rest of my life because it’s very high quality.
I wouldn’t buy something I don’t ‘need’ that’s currently overpriced, but I do spend more than I ‘should’ on food when traveling abroad – I’ve generally spent a lot to get there and have limited time, so saving five on ten bucks on dinner isn’t such a concern.
Frugality is more about making conscious decisions about how you spend your money. Save all those 50c here and there so that when you do want to spend a bit extra, it’s not such a burden.
Depends. A 20$ margarita at a resort pool, hell no. I’ll make a drink in my room
A 200$ fine dining dinner with my wife at the same resort as a special night – yes.
I pick my battles so I can afford to enjoy things once in a while
Oh no, I won’t purchase over priced things. Once in awhile maybe a food purchase out of need but in general no.