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Thursday, February 26, 2009

Recent incidents where I didn't spend money and it was bad - or not

Earlier this week, I told you about times when I didn't spend money and it was good, times when I did spend money and it was good, and times when I spent money and it was bad. The fourth category of spending/non-spending that I've been thinking of lately is times when I should have spent money but didn't.

And you know what? There's no incident that comes to mind.

Of course, there have been times when I've regretted not buying something that I later wish I had bought. At this particular moment, I wish I had bought a pair of jeans that's now out of stock and unlikely to be restocked. But it's not such a strong sense of regret that I would call not buying the jeans a bad decision. After all, I know that eventually I will find another pair of jeans.

I can see this category coming into play for situations that involve passing up a once-in-a-lifetime experience - say, that Alaskan cruise I've wanted to go on for the last 10 years. If there comes a time when it seems like a good time to go but I decide against spending the money for whatever reason, I could see a decision like that falling in the "bad" category.

I could also see the failure to buy something like insurance falling into this category. For example, you could have paid $400 every six months for car insurance but you don't, then you get into a bad car accident that results in tens of thousands of dollars in damage. That kind of decision would also fall into the "bad" category.

But generally, it would seem that in regular daily life, there is little to regret about not spending money.



  • At 2/26/09, 1:32 PM, Blogger Kacie said…

    I hope you'll put that Alaskan cruise on your calendar! I went on one for my honeymoon (even though we couldnt afford it) and it was incredible!

  • At 2/27/09, 2:18 PM, Anonymous Anonymous said…

    I totally agree with the statement that you were never upset when you DIDN'T spend the money. I tend to be the same way and must remember that in future purchasing dilemmas!

    My recent tool of trade lately (for making money in unique locations) has been looking for banks that pay higher percentage rewards on checking accounts, a lot of my friends use it and have loved it. has actually been amazing at finding the best rates. They have a list of banks offering up to 6% in reward checking accounts just to use the debit card, online banking, or use direct deposit

    I’ll pass it on:

    Bank Rates:

    First Robinson Savings Bank - Robinson, IL
    Southern Missouri Bank & Trust
    Bank of Ripley - Ripley, TN
    Communication Federal Credit Union - OK
    LA DOTD Federal Credit Union - Denham Spring, LA
    Keystone Bank - Auburn, AL
    Connexus Credit Union - Wausau, WI
    Altra Federal Credit Union
    Farmers and Merchants - Nashville, IL
    Community State Bank - Poteau, OK
    First State Bank - Kansas City, KS
    State Employees Credit Union - Santa Fe, NM
    Grand Bank of Texas - Grand Prairie, TX
    Harbor Credit Union - Green Bay, WI
    Malvern Federal Savings Bank - Paoli, PA
    Union State Bank - Everest, KS
    United National Bank - Cairo, GA
    First Banking Center - Lake Geneva, WI
    Noble Bank & Trust - Anniston, AL
    The Community Bank - Brockton, MA
    Bank of Little Rock - Little Rock, AR
    Community Bank of Pleasant Hill - Pleasant Hill, MO
    Community Bank of Raymore - Raymore, MO
    Olmsted National Bank - Rochester, MN
    Royal Banks of Missouri - St. Louis, MO
    Texas Citizens Bank - Pasadena, TX
    Courtesy of BancVue.



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