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Sunday, April 23, 2017

Avoiding Saving Boredom

Posted by Tim Stobbs on August 15, 2013

After a while it is tempting to say that saving or earning more gets boring.  After all, you cut back on your bills, alter your spending habits, earn more and learn a lot of new skills what is left to do?  Nothing and everything.

In truth, after cutting back and learning to live on less you do tend to hit a wall where in fact you don’t have to do anything more to save money.  Yes, there are a few small things left, but all the big stuff is over and done.  You have nothing left.  Instead of getting bored myself, I instead gave myself permission to try experiments on everything.

Case in point, only a tiny fraction of things I try end up on this blog.  In the last few weeks I’ve tried the following: making my own apple juice, turning that juice into hard cinder, making homemade ice cream without a machine, trying out a deodorant stone, making my own vanilla extract…the list never ends.  Why? Because I like trying things out that have low cost barriers.  I enjoy playing around with new things either food, drink, lifestyle or otherwise.

This isn’t to say that my lab experiments always works.  There has been some flops and problems on these experiments, but I’m a curious guy and I enjoy doing them.  Case in point the first batch of apple juice was more like apple sauce…I cooked it too long. The side benefit of doing these things is occasionally I do come across something that works well and saves me a bit more money like the deodorant stone (yes there is a plan to write a post on that).

Beyond that my imagination is my only limitation on saving more or getting better quality things at the same or lower cost.  Or alternatively, buying something more expensive if it will last a really long time (and having a lower per year cost).

Do you keep looking for ways to save or not? If so, how do you go about your experiments?

Comments

4 Responses to “Avoiding Saving Boredom”
  1. I keep looking for new ways to cut and save but I am doing it to pay off debt. I suffer from frequent bouts of debt fatigue and I dream about being able to save. I find it hard to believe that savings gets boring.

  2. jon_snow says:

    Saving never gets old for me. For instance, today we put $6000 directly into our savings – my wife and I were both paid today, plus the 15th of the month is when alot of our dividend stocks pay us to own them.

    I never fail to find this exhilarating… with every couple of thousands into the pot, ER is that much closer. Boring? No, no, and no. ;)

  3. Edward says:

    Good post! Saving only gets boring for me when investments do some flopping around, like they have this month. I know we should all hope for low market/bond values up until the very day we retire and that we generally shouldn’t even look at them, but I can’t help it. When we’ve had a bad market month/week and I check my net worth only to find out it’s exactly the same as it was the previous month (even though I’ve loaded an extra $600 in there), those are the times when I get somewhat fatigued and discouraged. I have to remind myself that I’ve done well with it over years and that I’m in it for the long-game.

  4. Tim Stobbs says:

    @Jane,

    Actually after a long while I do have parts where I find saving bloody boring. It feels like swimming in one spot and not getting anywhere. So I give myself permission to be distracted with odd experiments instead. It works for me.

    @jon_snow,

    Yes at the end I expect the savings is very exhilarating, but the midway point sort of sucks.

    @Edward,

    I stopped looking daily long ago…drove me a little nuts. Hence my idea to do other things instead.

    Tim

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