This is a very deep and sad truth. Other examples could be: renting an house; driving an old car and/or postponing medical treatments. Most times, the best (and frugal) solution to any given problem is not available if you just don't have the adequate liquidity. But a lot of times it is also the lack of knowledge. Following the example: this fellow does not know about the used market where he could buy a pair of lightly used but good boots for the same price of a new pair of cheap ones.
This is also an important thing to keep in mind once you do find yourself in a position where you can afford the more expensive boots. With college and grad school totalling 11 years of my life, I've been wired to go as cheap as I can, because that's all I can afford. Now that I have a job, I know it makes more sense to buy the more expensive items, but even though I can pull that off, my brain is still wired to go cheap.
agaeme on August 18th, 2020 at 12:49 UTC »
This is a very deep and sad truth. Other examples could be: renting an house; driving an old car and/or postponing medical treatments. Most times, the best (and frugal) solution to any given problem is not available if you just don't have the adequate liquidity. But a lot of times it is also the lack of knowledge. Following the example: this fellow does not know about the used market where he could buy a pair of lightly used but good boots for the same price of a new pair of cheap ones.
Kinuika on August 18th, 2020 at 12:50 UTC »
Poverty charges interest.
KaesekopfNW on August 18th, 2020 at 12:52 UTC »
This is also an important thing to keep in mind once you do find yourself in a position where you can afford the more expensive boots. With college and grad school totalling 11 years of my life, I've been wired to go as cheap as I can, because that's all I can afford. Now that I have a job, I know it makes more sense to buy the more expensive items, but even though I can pull that off, my brain is still wired to go cheap.