Posted by Tim Stobbs on January 29, 2008
My wife and I have been having an interesting discussion in the last few days. You see we have been using cloth diapers for our son most of the time for the last three years. Now we have started toilet training him we have noticed his old cloth diapers are falling apart which has resulted in some leaks. So we are just moving him over to disposal diapers rather than investing in another set of cloth (which would set us back around $150) until he is trained.
Yet what was really interesting is our discussion about our next kid. My wife wants to stop using the cloth diapers in the beginning for this one. At first I wasn’t sure, but she did lay out her case very well and she even gathered data on the cost of diapers at different sizes and the approximate number of chances per day. Overall it will cost more on a monthly basis, but there is a significant quality of life to be gained (mainly for my wife, since she is the one home with the kids). So I was convinced to spend the extra cash.
This got me thinking that perhaps being frugal requires a dip curve to people’s spending. At first we go down be eliminating all unnecessary spending and our wasteful habits. After a time we get used to our new spending level and then start to critically look at our spending and where we can spend more to boost our happiness/quality of life. So then the curve moves up slightly, but your spending if targeted to those things that matter most to you.
So has anyone else experienced this curve? What do you target as must have spending for happiness?