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Frugal Articles of the Week

By Frugaling 2 Comments

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Every week I like to feature a few frugal articles that caught my eyes. Curl up in your favorite reading nook and enjoy. Hopefully these encourage you to live frugal lives!

Where the poor and rich really spend their money by Max Ehrenfreund
As the gap in income and wealth widens between the rich and poor, clear patterns in spending behaviors have emerged. Noticeably, the poor are far more likely to spend income on housing as a percentage, when compared to middle and higher income groups. The effects on eating habits can also be massive, as “the poor and the middle class all spend about 19 percent their grocery budget on fruits and vegetables, about 22 percent on meats, and about 13 percent on breads and cereals.”

Gravity Payments CEO Will Live on $70,000 Worker Wage, Thinks His Life Will Be Luxe Enough by Susanna Kim
Dan Price isn’t like many CEOs. His internal compass seems to point him towards spending, owning, and making less money. Despite being the CEO of a successful credit processing company, he decided to take a large salary cut to model strong leadership. Price makes it clear that he doesn’t want overpaid CEOs to take his place someday, while jeopardizing regular employee’s positions. What a model for the entire corporate sector.

ALDI Is A Growing Menace To America’s Grocery Retailers by The Hartman Group
ALDI’s stores serve a different clientele and follow a unique business model. The market places food palettes in the center or aisles, they don’t usually take credit transactions, and often have only one brand to choose from. ALDI’s is also the parent company for Trader Joe’s. All of these factors combine into healthy savings for shoppers.

How to plan for retirement by Joshua Fields Millburn
Joshua tackles an important money issue for many: saving enough for retirement. He takes all his experience with simplicity and minimalism, and bundles it into a helpful guide for the masses. The important variable that he doesn’t acknowledge, unfortunately, is that how-to guides don’t apply to everyone. Retirement savings can frequently be a luxury in a world bogged down by student loan debt. Either way, Joshua offers some sound tips for starting your nest egg!

Filed Under: Save Money Tagged With: Aldi, articles, CEO, Frugal, groceries, Pay, Retirement, Salary, The Minimalists, week

Be Your Own Brand Ambassador, Not Someone Else’s

By Frugaling 13 Comments

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Buy things you don't need with money you don't have to impress

Please don’t make me wear the banana costume

My first job was for a smoothie company. I worked that summer selling overpriced juices of all sorts. One day they asked me to put on the infamous banana costume. I could immediately feel my face redden with embarrassment. I dreaded the outfit, and couldn’t understand why the company dressed employees like this and traipsed them out into the blazing summer heat to give away samples.

I was a lowly employee and only 16-years-old. I pretended to embrace the outfit and marched out the doors. I walked along the sidewalk, as passersby laughed and mocked me. It was the height of my acne days, too. My was face reddened and cracked from medications. The banana outfit framed my puberty perfectly. Then, a friend from high school strolled on by and took a picture of me. I was mortified.

A logo was emblazoned onto the banana costume, along with the polo shirt I wore underneath. The smoothie company owned space on my body, and I hated it.

Brand ambassador programs pay you to promote

When I entered college, I noticed numerous job opportunities to become a “brand ambassador.” These positions afforded students a little spending money to promote companies on campus. Marketing realized a simple idea: peers sell product better than television and Internet ads. If you can buy the peers, you have explosive earnings potential.

Both Amazon and Apple, for example, have brand ambassador programs. Oftentimes, their students are required to hold campus events, meet with administrators, and directly appeal to students on campus. They’re are expected to wear merchandise to represent the brand, use the hardware, and promote the products every chance they get.

These people get paid to use and advertise products they would already love! Then, companies benefit from greater revenue and influence on campus. It’s a win-win for companies and ambassadors.

Many of us market for free

Most of us are brand ambassadors for free; in fact, we pay companies to advertise for them. The bitten Apple logo beams brightly throughout many classrooms these days. It cost me thousands of dollars for the pleasure to share that brand.

People casually display their affinity, and few notice what they’re doing. Sperry Topsiders are paired with Ralph Lauren shorts and a Lacoste polo shirt. It’s easily a $300 look that feels like a walking billboard for spendthrift teens and college students.

iPhones are close at hand, and the iconic white headphones are jammed into ear canals. The world is dampened, but our senses are constantly exposed to others’ purchases. Ugg boots used to be everywhere — they’ve been replaced by Hunter rain boots. Both have well-positioned logos at the heel. Anybody walking behind them could see what they should buy next.

In wealthier places — whether college campuses or metropolitan areas — products are meant to be aspirational. Companies work tirelessly to frame their wares as synonymous with success. To wear and promote a brand is meant to be special — only afforded to the few.

Diesel, Armani Exchange, Coach, Gucci, and countless others are made “cool” by a society that accepts and loves brand ambassadorship. We just can’t help it! We’ve been socialized to appreciate the “unique” — logos just help us buy them faster.

Shed the logos and brands

I don’t want to be a walking billboard anymore. I don’t want people to ask me what brand I’m wearing. I don’t want people to be inspired by what I wear, and buy similar. Strangely enough, I’m also wired to feel flattered by their interest. Quite a conundrum.

Over the last couple years, I cleared out my closet of many aspirational and brand name clothing with gigantic logos. I don’t want to be someone else’s brand ambassador — especially without a regular paycheck. I want to be my own brand ambassador.

I want you to get to know me — the person within the clothes. I want you to meet me, not a terrifyingly large logo of a horse carrying a polo stick. More importantly, I want to see who you are. So, cover up the logos, rid your closet of excess brand stamps, and find your own look.

Filed Under: Minimalism, Save Money Tagged With: Amazon, ambassador, Apple, brands, buying, Consumerism, iPhones, logos, Wealth

5 Lessons From Minimizing My Wardrobe

By Frugaling 20 Comments

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5 Lessons From Minimizing My Wardrobe. The day has come to minimize my wardrobe. After much delay and caution, I eliminated tens of items from my closet and feel lighter than ever!

I’ve been aching to clear out my closet and see what can be minimized, but I’ve constantly repeated, “I’ve got more important things to do!” Well, today is the day to clean out the unnecessary, unworn, ripped, tattered, and otherwise useless. Spring is here, and now it’s time to find some clothing to donate or throw out!

I’m a rather failing minimalist. Life circumstances (being a graduate student) require that I keep ungodly numbers of papers for years. In an effort to minimize the clutter and paper space, I’ve scanned and digitized everything I can. The rest — what must be held for safe keeping — goes under the bed.

Clothing can’t be moved or digitized, and space must be occupied. While I have ample room in my apartment, there isn’t much “storage.” I don’t have any furniture (i.e., bureaus, dressers, etc.), either. Every time I look in my closet, I’m reminded of the unorganized mass I own. After many weeks contemplating, I decided this would be the day to really review what I have, and decide, In or Out?

Before I review the photos and take you on a little tour of what’s left, I want to explain some rules that informed my choices:

1. While minimal, I haven’t moved to uniforms; thus, multiple outfits remain

2. I’ve trained and run two marathons (and plan on more), which require athletic clothing

3. I don’t like multinational brand names stamped across my chest

4. I won’t replace or buy more clothing by reviewing and donating excess

5. Furniture could help make it look more minimal, but see rule 4

Review socks
Review socks
Review boxers
Review boxers
Review shirts
Review shirts
Review pants
Review pants
Review athletic gear
Review athletic gear
Review hangers
Review hangers
In or out?
In or out?

 

 

Clearing out and reviewing all your clothes is rather time consuming. The first thing I did was wash everything dirty and prep it for the preceding photos. Afterwards, I grabbed my box o’ socks and box o’ undies, and dumped them out. Pair by pair I reviewed for stains, holes, and other unmentionables. I eliminated 8 pairs of worn out or otherwise mangled socks, and 2 stray socks (inevitably lost to the magic of the washing machine). From the boxers, there were 5 that were in total disrepair — waistband wasted. Out they went!

Then, I moved to tee, long-sleeve, and collared shirts. Despite advocating for a more minimal life, I found it hard to let go and/or donate some of my more sentimental — however aged — clothing. The soft texture and wild memories of concert tees were the hardest to rule over. Images of dancing, friends, former girlfriends, and everything in between seemed stained into the shirts. In the end, those with massive pit discolorations were thrown out. Although, I couldn’t help but keep a couple for sentimental purposes (and I wear them frequently). One collared shirt was a big no-no, as it featured a brand I no longer wish to advertise across my chest nor support.

Two pairs of jeans unfortunately needed to go. I had wiped out on my bicycle in one of them, and they no longer met professional work standards. The other had started out as skinny jeans and were quickly shrinking into leggings. I’m not sure if that’s a consequence of weight gain or the dryer; let’s go with the latter option.

My wonderful mother insisted I take a bed protector with me, and I’ve had it for quite some time — unused. I’m not opposed to fitted protectors, but this one is loose. Invariably, it crumples up into an awkward ball in my bed and messes up the fitted sheets. No, it was time to be rid of that stinky old “protector.”

Extra hangers? Out!
Extra hangers? Out!
Halloween costume? Out.
Halloween costume? Out.
Old boxers? Out!
Old boxers? Out!
Lint? Out!
Lint? Out!
Old bed protector? Out!
Old bed protector? Out!
In
In
In
In
Donations to charity!
Donations to charity!

 

 

Despite being an avid runner, I owned too many shirts. Each race you run, there’s a new shirt. Nobody needs this many athletic shirts. I was able to get rid of 3 shirts and one pair of shorts. While they weren’t in bad shape, I’m hoping someone else can enjoy them — I have plenty.

This little In or Out experiment netted 28 items. Those items will either be donated or thrown away. Additionally, I was able to take out 14 hangers from my closet (bringing the total to 42)! Now, it’s easier to get at what I want, as opposed to fighting back and forth to get jeans and a t-shirt. There’s room again, which feels fantastic.

The following are 5 lessons learned in the process of eliminating the unnecessary from my wardrobe:

1. Sentimentality is piqued by things, but inspired by brains

Humans are inherently pulled to place energy and emphasis in things. We name cars, put stickers on everything, and place creative cases on phones, all with the desire to make something nice and unique. Our things get special treatment. They become a time capsule and place to store our memories. It’s important to remember that those mental images are within us — not in things.

2. Clearing out old clothing is therapeutic

What seems to be a chore at first is rather calming as you go along. There’s a routine: open, dump, review, decide in or out. That’s all there is to minimizing your wardrobe. In the calm of a weekend day, it can be a meditative task to focus on the here and now.

3. My nice things might be necessary things to another

I have ample clothing, even after minimizing some. What helped me decide to donate a couple more items are other people. It helped to focus on them. The “nice” stuff that I rarely — if ever — use could be immensely helpful and necessary for another person or family. I’m not just removing stuff from my closet and tossing it, as I want some of these things to have better owners.

4. It’s embarrassing what we keep around or forget to throw out

I don’t know how 2 stray socks slowly buried their way into the bottom of my box o’ socks, but they did. I probably wouldn’t have noticed for a couple years, if I didn’t engage in this cleanse. Also, the Halloween costume from a couple years ago? Yeah, no need to keep that around.

5. Minimizing your wardrobe takes far less time than you think

I procrastinated for weeks about getting rid of extra clothing. I didn’t want to let go of anything, and felt like I had more important things to accomplish. In some ways, I did, but that was also a tool to delay the inevitable. Now, the day of reckoning is here and complete. My closet looks way better. In reality, what I thought would take hours only took one. One and done to be lighter than ever.

Filed Under: Minimalism Tagged With: Charity, closet, Clothes, Clothing, Consumer, donate, jeans, minimal, Minimalism, Shirts, socks, Wardrobe

Frugal Articles of the Week

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Every week I like to feature a few frugal articles that caught my eyes. Curl up in your favorite reading nook and enjoy. Hopefully these encourage you to live frugal lives!

The Men Powerful Enough to Wear the Same Thing Every Day by Alex Hawgood
I’ve got a couple articles this week that feature people who are wearing the same thing nearly every day. From fashion icons to tech CEOs, there’s a movement to simplify wardrobes. In becoming more minimal, we can save money and worry less about what we wear.

Why I Wear The Exact Same Thing To Work Every Day by Matilda Kahl
Like I mentioned, here’s the second article on wearing a single uniform. Curiously, this one features an art director who “leaves the creativity behind when it comes to her professional wardrobe.” I think a movement is happening here!

Freedom > Money > Stuff by J. Money
In case you need a reminder, J. Money has a simple mathematical formula for life. Prioritize free time and freedom over anything else. Then, save whatever you can — make that money work for you. And if, after all that, you still need stuff…

California Drought Tests History of Endless Growth by Adam Nagourney, Jack Healy and Nelson Schwartz
California is currently suffering one of the most punishing droughts they’ve ever experienced. All signs point to climate change and poor water rights/restrictions. This article is a likely harbinger of the trials and tribulations that are to come if we don’t do something about climate change — fast.

Filed Under: Save Money Tagged With: articles, Budgets, California, climate change, Clothing, Frugal, New York Times, Outfit, weather, week

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