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Need For Spend: The Secret To Stop Shopping

By Frugaling 2 Comments

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Need For Spend: The Secret To Stop Shopping. Research suggests that the longer you spend in a store, the more you spend.

Born, Bred to Buy

My grandmothers read continuously. One purchased books and the other went to public libraries. I have fond memories walking to the public library with that grandmother. Entering the large buildings of books, magazines, and computers made it fun. I would scour the shelves for new reads and sometimes checkout books I could never finish. I brought my nose to the pages and smelled the well-read scent. I loved that it only required a library card.

As I grew older, that lust for the library vanished. The plastic wrapped books felt lesser than. I wanted my own books. I wanted to feel crisp bindings and stock a shelf full of my own books. To hold, cherish, and covet my collection was important. The bound pages were a representation of me – an identity. My bookshelf consistently grew year after year, causing the slat to become concave under the pressure. 

The books followed my every move. I packed a couple big boxes each time, until I purchased a Kindle. The lightweight, 30-day-battery device was this terrific space saver. When I moved to the Midwest last year, I had 5 books and hundreds on my Kindle. Suddenly, I was free from the physical clutter, but still buying new Kindle-version books for about $9.99 a piece.

This was just one of my many spending problems. Put me in a mall – before I was frugal – and I had to spend my money on something. I felt an undeniable energy from start to charge.

The Shopper’s High

Malls glisten with an unnaturally bright sheen and stage-like lights that beat down on its entrants. Shopping centers catalyze a rush of heightened smiles and joy – its a kind of high. These bastions for consumerism test the very foundations of frugality.

Research suggests that the longer you spend in a store, the more you spend. Places like Barnes & Noble play comfortable background music, keep a temperate climate, and often have Starbucks coffee shops in tow. The aura suggests escaping from the world while you find the perfect book. You can finally find peace and happiness in purchase.

Marketers prey off of three psychological emotions: sex, fear, and happiness. Consumer research and psychological studies continually show that advertising that amalgamates these factors, wins.

Apple’s store openings are filled with a rousing cheer from an audience of employees. Attendees (shoppers) raise their newly-purchased electronics like Rafiki held Simba. Jubilance. This is where you’re supposed to have fun. And an ingenious staff bolsters the moral of many who outspend their budgets and follow into income/debt traps.

With friends like these, my purchases always felt justified, necessary, and right. Thankfully, I’m living and spending differently now. Every now and then I experience an undeniable urge to spend, and that’s when I try to mimic the shopper’s high for free.

The Secret to Stop Shopping: Your Local Library

I frequently purchased new clothing at name-brand retailers, electronics, and new books for my Kindle. These were black eyes to my budget. This continued until I found elation at the public library. It solved my urge to shop for clothing, electronics, and new books.

No longer do I need to own books and buoy the local Express retailer; although, I still have cravings to spend money on things I really don’t need. The trick to controlling spending is realizing the power of your public resources.

Here are the 5 secrets to stop shopping:

1. Customer Service

Shopping genuinely gives consumers a short-term high. When you’re in a crummy mood, it can fill that gap, temporarily. An outlet that can fill both the good and bad times is necessary to frivolous, discretionary spending.

The high is natural. It’s often influenced by strong, friendly customer service. A representative that is attentive, kind, and helps without reservations makes you feel special. That smile they offer you when you walk in the door is potent. The amalgamation of positivity is all designed for your comfort.

Libraries are a comparable outlet for the need for spend. Librarians are the attentive, customer service counterpart. They can guide and help with research. Their task is to help customers find, access, learn, and check-out. That dedication is important to feeling good about your experience.

2. New Release Rack

What could possibly replace Redbox and Amazon for movies and books? These companies have a focus on new releases and special offerings.

There’ also a diversity at your public library. If they don’t have it, they can usually order it from a partnered source. This can be a powerful tool when researching or just looking for a popular DVD. Each year, libraries cycle through new and old books. Tax contributions allow libraries to purchase new books with surprising regularity.

3. Digital Services

iTunes, Amazon, and various digital stores offer millions of books, music, and magazine subscriptions. They’re advertised heavily and are gotos in their respective domains. But, libraries have actually been in the business longer.

Looking for audiobooks, music, software, and eBooks? Your library may have everything on your list already; if they don’t, request it. Intricate networks and databases greatly expand the reach and can provide you with hidden gems of opportunities.

Over the years, libraries have changed immensely to meet evolving technological demands. Libraries contain books, magazines, DVDs, and powerful community resources. And nowadays, they also have eBook libraries for Kindles and Nooks. Free rental books can be wirelessly delivered to your favorite reading device.

Want to put your hands on the latest technology? Tablets and computers are popular accoutrement to any good library. Now you can browse, write, and learn in style. On top of everything else, you can also rely on the library for free Wi-Fi. Maybe you can even stop paying for Internet at home!

4. Extracurricular Activities

Even if your search takes you beyond the library’s walls and academic world, it can be a great, frugal-living resource.

Ready to check out some local attractions? Public libraries often provide access to day-passes to aquariums, parks, and museums. By checking out a pass, you can save $20-30 – sometimes more – every time you visit.

Legal troubles taking a bite out of your budget? Oftentimes, you can find legal and federal forms – free of charge – at your library. With the helpful assistance of desk staff and librarians, you might even understand your taxes this year!

5. Peace And Quiet

People pay good money to find sanctuaries around the globe. The irony is that they can be found at a local library. There’s no expectation to spend money, plenty of room to spread out, and the quiet will make you far more efficient (contrary to the popular desire for coffee shop din).

These are hubs and havens for saving. Use the resource, get rewarded, and join the new library movement.

What other places can you go to replace the need for spend?

Filed Under: Save Money Tagged With: buy, Library, Netflix, Redbox, Shop, Shopping, spending

Cost Of Car Ownership Up 1.96 Percent

By Frugaling 1 Comment

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Cost Of Car Ownership Up 1.96 Percent. This statistic is based off of 15,000 driven miles in an average size sedan. They calculate that with gas, maintenance, tires, insurance, and depreciation, you spend about 60.8 cents per mile.

As I try unsuccessfully to sell my 2006 Honda Civic – a great car with an ugly car loan – I’m reminded and motivated of why I decided this in the first place. AAA, the always-reliable network for travelers in trouble, recently released their yearly statistics on the cost of driving. Bringing me to a crippling halt is a figure that may cause a heart attack: The true cost of car ownership for one year is $9,122.

This statistic is based off of 15,000 driven miles in an average size sedan. They calculate that with gas, maintenance, tires, insurance, and depreciation, you spend about 60.8 cents per mile.

Gas saw a 1.93% increase, which amounts to 14.45 cents per mile. Maintenance escalated a staggering 11.26%, which is about 4.97 cents per mile. Tires didn’t fluctuate is prices. Insurance rose a modest 2.76 percent. Depreciation is a silent budget killer; only increasing 0.78%, but equating to $3,571 per year in losses.

If I didn’t have reason to sell my car before, I certainly do now.

AAA Link: http://newsroom.aaa.com/2013/04/cost-of-owning-and-operating-vehicle-in-u-s-increases-nearly-two-percent-according-to-aaas-2013-your-driving-costs-study/

Filed Under: Social Justice Tagged With: AAA, car

Can You Really Name A Star?

By Frugaling 21 Comments

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Can You Really Name A Star? Material possessions and physical land are our two most common examples. Our drive to spend and own leads us to waste money and fall into debt.

Update: On June 24, 2013, the founder of Your Star Forever commented on this article. His input was important. Click here to scroll directly to comments.

We contend with opportunities for frivolous purchases every day. Unless you live under a rock (which seems unlikely because you’re reading this article), overcoming debt, creating a budget, and starting a savings all require behavioral modifications. But our healthy desires for a frugal life are tested by a society that encourages owning things.

Material possessions and physical land are our two most common examples. Our drive to spend and own leads us to waste money and fall into debt. This malignancy can spread from sea to shining sea, and comically, beyond our humble, earthly world. Sometimes scam artists prey off this susceptibility.

Recently, I was browsing and researching a few science topics when I happened upon a conspicuous ad. It read that for only $29, you could dedicate a star. In this moment, an alarm was blaring in my head: this is fishy. I followed the link to “YourStarForever.com” out of pure frustration that anybody could spend hard-earned money like this.

Lo and behold, it was a “real” site. You can name a star, print a certificate, and it’s yours to keep (sort of). Except there are two major problems. First, nothing exemplifies conspicuous spending better than buying and naming your own star – forever. While $30 may not seem exorbitant, this money could be better spent in any number of ways (think: feeding the homeless, clothing the impoverished, etc.). There’s no tangible asset or production to this consumption. Second, the entire site and naming process is made up – including the “Star Dedication Registry” that it links to.

This is what makes it an ingenious system for the owner, Hart Ventures.

Allow me to explain. Over the years, I’ve become a skeptic to the world around me. Maybe I can blame graduate school and the field of psychology – maybe not. Either way, when I visited the website, something seemed askew. I decided to investigate further.

By clicking on YourStarForever.com’s FAQs, you can find this:

Once a star is dedicated on Your Star Forever the dedication it is filed within StarNamingRegistry.org’s online database. Unfortunately, because of our agreement with the Star Naming Registry, we cannot provide any refunds.

Fair enough, but when you go to “StarNamingRegistry.org,” you are forwarded to the, “StarDedicationRegistry.org.” Already, the agency that keeps track of your star names can’t keep its own name straight.

What about international recognition of your star’s name?

Dedicating a star through Your Star Forever provides unique access to proclaim your love in the sky. However, it is not possible, at this time, to purchase the name of, or rename, any star so that the dedicated name is recognized by any scientific or governmental agency. The International Astronomical Union (IAU) (http://iau.hq.eso.org) is the only body that can officially name a star. And the IAU uses only one internationally recognized system to identify the stars in the sky – either by using preexisting names or by using their precise numerical coordinates. FYI – No one can sell you the rights to officially or exclusively name a star. The IAU does not allow it!

This makes it clear: You cannot actually name a real star by the only internationally-recognized body that oversees this activity. Then, what’s the purpose of this site? Why would anybody pay for something that doesn’t exist by any standards? Great questions.

These ironies grew into wonder about the owner(s) of the website and registry. Who was behind this colossal waste of money? One company: Hart Ventures.

You see, Hart Ventures had a brilliant idea. They decided to create a market for a virtual good that doesn’t exist on any scientific record or tangible level. Then, because people would wonder about the credibility of their named star, they created the registry to catalog them. It’s as if Hart Ventures single-handedly created the New York Stock Exchange and every stock that was available for purchase.

By digging into the public information available on domain owners (WHOIS), I found that Hart Ventures owns both YourStarForever.org and StarDedicationRegistry.org. They’ve created their own monopoly on a market that doesn’t actually exist.

Truth be told, I simply wanted to point out an example of how we sometimes waste money. The reality is that purchasing and naming a star should never be considered worthwhile for anybody at any age. The little investigation and subsequent results were just a puzzling bonus.

This is part of the “Money Mistakes” series, which documents frugal myths and strange purchases.

WHOIS Searches:

http://www.networksolutions.com/whois/results.jsp?domain=stardedicationregistry.org

http://www.networksolutions.com/whois/results.jsp?domain=yourstarforever.com

Filed Under: Social Justice

Fortune Magazine is 43 Percent Ads

By Frugaling Leave a Comment

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Fortune Magazine is 43 Percent Ads. Advertising is the only thing keeping most news and media outlets alive. Subscription rates - at least to hardcopy products - have plummeted.

Read more about the consequences of advertising: Remove Ads for More Money, Health. Also, are you curious how much advertising is in Wired Magazine?

Today, I opened my mail and found – to my surprise – a brand new copy of Fortune Magazine. The July issue features a cover story on LinkedIn. As I began to leaf through this free subscription, I quickly realized why they were giving it away.

Advertising is the only thing keeping most news and media outlets alive. Subscription rates – at least to hardcopy products – have plummeted. Much like free newspapers rely on local advertisers to pay for the difference, Fortune Magazine and periodicals like this are inserting more advertising space than ever. By giving away subscriptions, they can inflate their readership and draw in more exclusive advertising. The result is a heinous excuse for a magazine.

Without covers (back/front), Fortune Magazine is 108 pages long.

46 pages are dedicated ads (not including partials).

The magazine is 43 percent advertising.

Being exposed to this amount of advertising can be dire to a frugal budget. Sometimes removing exposure to these sources can help.

Filed Under: Social Justice Tagged With: ads, Fortune Magazine

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