In Ideas for Staying out of Debt I plan to cover my ideas/plans on how to stay out of debt.
As the title states, do not buy items and services you don’t need. I myself have an issue with this as a consumer. It’s just so easy to spend money on items you think you will use/need. Take electronics for example, I’ve spent countless dollars on items and after a few weeks, I no longer use it. I’m sure you the reader knows of a few items you’ve over spent on. And I myself find it way to tempting to spurge on new(er) items. Electronics are a big one for me as I do Computer Repair and will go overboard.
Same for services also, although you can expand this more by getting your money’s worth. The classic example is insurance, but this topic has been discussed to death in many other blogs. Instead focus on other aspects such as how can I reduce the cost of needed repairs which The Simple Dollar did a post on this recently. I have to agree on trying to reduce the cost myself. Just recently the back lights on my Ford Explorer went out and while several people in my family would just go to a shop , I just went to Advaced Auto and paid $4 for the bulbs. After about three tries I got the bulb replaced.
In the end what it comes down to is are you getting your money’s worth and time’s worth. I used to play the GameCube when I was younger and I got my money’s worth for less then a fraction of a penny per hour for all the hours I would play, along with only getting games at the $20 or less mark. While for services I have no issue paying for an oil change as I know nothing about how and I can walk to work so I’m out no time.
feel free to drop a comment on what you have gotten your money’s worth out of or what tasks you would pay others for.