False sense of economy
I have a strong need to be economical. I drive at or around the speed limit to save gas. I resisted getting a Swiffer WetJet to clean our wood-laminate floors, and when we eventually got one, I found a way to refill those horribly expensive bottles of WetJet fluid with a much less expensive cleaning solution. I shop at our local discount grocery store (much to my wife's chagrin). I buy the least expensive gasoline. Like I said, I have the need to economize.
Sometimes, though, it comes back to bite me. The last time I refilled the Swiffer fluid bottle, it leaked all over our wood-laminate floor and caused some unsightly swelling of the flooring. I tried to combine leftover toner from two old laser printer toner cartridges, and now my printer doesn't work right. It's enough to drive me to spending more money.
What did I learn from my recent misfortunes? When you try to economize, make sure you know what you're doing.
Filed under Personal Finance Skills by Sean

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An Uncommon Way to Wealth » You really do get what you pay for
[...] There's this idea that I have floating around in my mind that cheaper is always better. Evidence of this idea can be found on my desktop computer, which has oodles of shareware programs on the hard drive. I've mentioned before that I have this need to save money anywhere and everywhere I can. I change my own oil, make minor repairs around the house, and buy used books rather than new. I'm finding more and more, however, that there are some things where you really get what you pay for. [...]
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