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	<title>Comments on: Wasting Money When You Think You&#8217;re Saving</title>
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	<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/</link>
	<description>Bridging the gap between saving money and investing</description>
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		<title>By: Canadian</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-44065</link>
		<dc:creator>Canadian</dc:creator>
		<pubDate>Tue, 08 May 2007 14:35:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-44065</guid>
		<description><![CDATA[In response to: &quot;Going to different stores to get sale items: In most instances, the cost of driving your car between stores will be more than the savings achieved.&quot; 

Who says I&#039;m going in a car? Maybe I am walking, cycling or using public transporation.]]></description>
		<content:encoded><![CDATA[<p>In response to: &#8220;Going to different stores to get sale items: In most instances, the cost of driving your car between stores will be more than the savings achieved.&#8221; </p>
<p>Who says I&#8217;m going in a car? Maybe I am walking, cycling or using public transporation.</p>
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		<title>By: Cindy</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-33201</link>
		<dc:creator>Cindy</dc:creator>
		<pubDate>Thu, 05 Apr 2007 21:02:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-33201</guid>
		<description><![CDATA[I&#039;m personally striving more and more to stay in my own neck of the woods.  That is, I try to live more &quot;local&quot; than I used to, I&#039;m getting older (52).  Course, it helps if you&#039;re smart enough in the first place to choose to live in a neighborhood/small town that has everything you need within walking or bus distance.  Right now, I&#039;m thinking when my car quits I won&#039;t be getting another one (or at least won&#039;t ever go into debt for another one).  The walk to buy what you need to eat can&#039;t be anything but good for you or better still, grow it yourself.  Truly, when I bought this house 3 years ago, I wasn&#039;t thinking quite this way but this kind of thinking evolved and it turns out I&#039;ve chosen well and can probably go right into retirement and be perfectly happy never moving again, and the heck with trying to keep up with the Joneses.]]></description>
		<content:encoded><![CDATA[<p>I&#8217;m personally striving more and more to stay in my own neck of the woods.  That is, I try to live more &#8220;local&#8221; than I used to, I&#8217;m getting older (52).  Course, it helps if you&#8217;re smart enough in the first place to choose to live in a neighborhood/small town that has everything you need within walking or bus distance.  Right now, I&#8217;m thinking when my car quits I won&#8217;t be getting another one (or at least won&#8217;t ever go into debt for another one).  The walk to buy what you need to eat can&#8217;t be anything but good for you or better still, grow it yourself.  Truly, when I bought this house 3 years ago, I wasn&#8217;t thinking quite this way but this kind of thinking evolved and it turns out I&#8217;ve chosen well and can probably go right into retirement and be perfectly happy never moving again, and the heck with trying to keep up with the Joneses.</p>
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		<title>By: gillian</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-32828</link>
		<dc:creator>gillian</dc:creator>
		<pubDate>Wed, 04 Apr 2007 13:00:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-32828</guid>
		<description><![CDATA[I want to let you know that stores like &#039;Big Lots&#039; have sales from higher end stores that are phenomenal...I recently purchased curtains to the tune of $2.50 each as opposed to the original retail price at Bed Bath and Beyond of $17.99 each.  ALSO, sales are inspirational to your saving money if you refuse to pay full boat prices.  I totally disagree with your premise that sales are not effective tools with which to better allocate your budget.  Exercising restraint is a constant issue, whether you are in a high end retailer or an outlet store.

We also have a gas station with the lowest prices in town that also allows you between 3-5 cents more off a gallon on cash purchases.  While you have to get out of your car to pay inside, the exercise won&#039;t kill anyone.  They also allow you to purchase a &#039;cash card&#039; from them, and if you keep the amount low enough so that you are not contributing to their cash interest accumulation, the savings is impressive.  This station is in my &#039;circle&#039; of local movement - as are the low cost/sale savings stores that I utilize.  Occasionally I will go to a &#039;Sam&#039;s&#039; wholesale store when I know I will be in that neighborhood.  Sam&#039;s has many bulk items that are not cost effective, and also carries many single items and market/food items that are priced at a much better point.

You are correct regarding the bulk sales and the &#039;going out of your normal driving range&#039; issues.  Many people don&#039;t realize what offers ARE in their normal driving range!  Learning this will help the budget go further.]]></description>
		<content:encoded><![CDATA[<p>I want to let you know that stores like &#8216;Big Lots&#8217; have sales from higher end stores that are phenomenal&#8230;I recently purchased curtains to the tune of $2.50 each as opposed to the original retail price at Bed Bath and Beyond of $17.99 each.  ALSO, sales are inspirational to your saving money if you refuse to pay full boat prices.  I totally disagree with your premise that sales are not effective tools with which to better allocate your budget.  Exercising restraint is a constant issue, whether you are in a high end retailer or an outlet store.</p>
<p>We also have a gas station with the lowest prices in town that also allows you between 3-5 cents more off a gallon on cash purchases.  While you have to get out of your car to pay inside, the exercise won&#8217;t kill anyone.  They also allow you to purchase a &#8216;cash card&#8217; from them, and if you keep the amount low enough so that you are not contributing to their cash interest accumulation, the savings is impressive.  This station is in my &#8216;circle&#8217; of local movement &#8211; as are the low cost/sale savings stores that I utilize.  Occasionally I will go to a &#8216;Sam&#8217;s&#8217; wholesale store when I know I will be in that neighborhood.  Sam&#8217;s has many bulk items that are not cost effective, and also carries many single items and market/food items that are priced at a much better point.</p>
<p>You are correct regarding the bulk sales and the &#8216;going out of your normal driving range&#8217; issues.  Many people don&#8217;t realize what offers ARE in their normal driving range!  Learning this will help the budget go further.</p>
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		<title>By: ron</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-32694</link>
		<dc:creator>ron</dc:creator>
		<pubDate>Wed, 04 Apr 2007 01:29:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-32694</guid>
		<description><![CDATA[I read your article on Yahoo today and I asked myself, does this guy work for &quot;Pay Retail. COM&quot;?, you are way off the mark

1. Item gasoline

In any major city, consumers are shortchanged by the 10% ethanol additive, by 3.5%-4%, because ethanol has 2/3 the heating value of gasoline. Do the math. Have you wondered why your MPG has gone down?  A smart savvy buyer will drive to the county and fill up with 100% gasoline at about a 10% less cost/gallon, plus the 3.5-4% savings, but its all in the calculation of total cost to perform such a trip.

Usually I fill up on I-95 between the major cities, where ethanol is not found and gasoline is typically cheaper

2.Different Stores - Wrong
 
If I can save $500-800 on a wide screen TV by going to Sams Club, Costco, compared to Circuit City I will. Besides there is an element of fun in saving money, what rock are you hiding under and spoiling everyone&#039;s fun?

3. Buying the cheapest

You are partially right, buy the product with the best residual value, or if it is totally sunk cost, the best service life.  If all else fails buy Brand, i.e. Toshiba, Sony, John Deere (but not sold-off brands names such as Westinghouse, Zenith, GE, etc)

4. Sale Items-You have it totally wrong

First of all you never buy anything unless its on-sale, period no if ands or buts, unless it absolutely necessary

5.Buying in Bulk- you are partially right, but then dead wrong

Buying in bulk for consumables is great, food tends to be a bad idea, but if its an absolute deal, you buy all you can in bulk, case in point, I once bought 25 Name Brand Power Tools 75% off and my son resold them on E-bay and paid his semester tuition

Look for my new book next year, titled &quot;The 3 Commandments&quot; to savings

1. Thou shall not let anyone work on thy house

2. Thou shall not anyone work on thy car

3. And thou shall never-ever pay full price

Spend less time in the office, and come out to the real world of saving money with the real people]]></description>
		<content:encoded><![CDATA[<p>I read your article on Yahoo today and I asked myself, does this guy work for &#8220;Pay Retail. COM&#8221;?, you are way off the mark</p>
<p>1. Item gasoline</p>
<p>In any major city, consumers are shortchanged by the 10% ethanol additive, by 3.5%-4%, because ethanol has 2/3 the heating value of gasoline. Do the math. Have you wondered why your MPG has gone down?  A smart savvy buyer will drive to the county and fill up with 100% gasoline at about a 10% less cost/gallon, plus the 3.5-4% savings, but its all in the calculation of total cost to perform such a trip.</p>
<p>Usually I fill up on I-95 between the major cities, where ethanol is not found and gasoline is typically cheaper</p>
<p>2.Different Stores &#8211; Wrong</p>
<p>If I can save $500-800 on a wide screen TV by going to Sams Club, Costco, compared to Circuit City I will. Besides there is an element of fun in saving money, what rock are you hiding under and spoiling everyone&#8217;s fun?</p>
<p>3. Buying the cheapest</p>
<p>You are partially right, buy the product with the best residual value, or if it is totally sunk cost, the best service life.  If all else fails buy Brand, i.e. Toshiba, Sony, John Deere (but not sold-off brands names such as Westinghouse, Zenith, GE, etc)</p>
<p>4. Sale Items-You have it totally wrong</p>
<p>First of all you never buy anything unless its on-sale, period no if ands or buts, unless it absolutely necessary</p>
<p>5.Buying in Bulk- you are partially right, but then dead wrong</p>
<p>Buying in bulk for consumables is great, food tends to be a bad idea, but if its an absolute deal, you buy all you can in bulk, case in point, I once bought 25 Name Brand Power Tools 75% off and my son resold them on E-bay and paid his semester tuition</p>
<p>Look for my new book next year, titled &#8220;The 3 Commandments&#8221; to savings</p>
<p>1. Thou shall not let anyone work on thy house</p>
<p>2. Thou shall not anyone work on thy car</p>
<p>3. And thou shall never-ever pay full price</p>
<p>Spend less time in the office, and come out to the real world of saving money with the real people</p>
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		<title>By: alan</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-32690</link>
		<dc:creator>alan</dc:creator>
		<pubDate>Wed, 04 Apr 2007 01:15:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-32690</guid>
		<description><![CDATA[I read your article on driving extra miles to purchase gas is not the best thing to do.  My thought is, if you boycot a station(s) and spend no money, then they have to close their doors or reduce their prices to draw customers back.  

In todays time, i think people will go with the cheaper prices to purchase things, so this boycot allows businesses to compete in a fairer market  and not price gouge.  It is true, or common sense, travelling further wastes more gas.  I, would rather spend a couple extra dollars and help the small business man then give to the overly wealthy.  Again, i appreciate your story but i think it is very much incorrect.]]></description>
		<content:encoded><![CDATA[<p>I read your article on driving extra miles to purchase gas is not the best thing to do.  My thought is, if you boycot a station(s) and spend no money, then they have to close their doors or reduce their prices to draw customers back.  </p>
<p>In todays time, i think people will go with the cheaper prices to purchase things, so this boycot allows businesses to compete in a fairer market  and not price gouge.  It is true, or common sense, travelling further wastes more gas.  I, would rather spend a couple extra dollars and help the small business man then give to the overly wealthy.  Again, i appreciate your story but i think it is very much incorrect.</p>
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		<title>By: steve</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-32287</link>
		<dc:creator>steve</dc:creator>
		<pubDate>Mon, 02 Apr 2007 14:52:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-32287</guid>
		<description><![CDATA[I liked your article reprinted on Yahoo finance, but I cannot believe you left off the list eating out at restaurants or getting take out.  Expensive, poor tasting, bad for your health, inconvenient, and tiresome.  And yet so many young (and old) adults do it every day.  Home cooking is one tenth the price, you don&#039;t have to drive or wait anywhere except the grocery store once a week if you&#039;re organized.  Home cooking is healthy, easy, and convenient.  Etc etc.]]></description>
		<content:encoded><![CDATA[<p>I liked your article reprinted on Yahoo finance, but I cannot believe you left off the list eating out at restaurants or getting take out.  Expensive, poor tasting, bad for your health, inconvenient, and tiresome.  And yet so many young (and old) adults do it every day.  Home cooking is one tenth the price, you don&#8217;t have to drive or wait anywhere except the grocery store once a week if you&#8217;re organized.  Home cooking is healthy, easy, and convenient.  Etc etc.</p>
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		<title>By: Money Walks - Personal Finance &#187; Carnival of Debt Reduction #81</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-32218</link>
		<dc:creator>Money Walks - Personal Finance &#187; Carnival of Debt Reduction #81</dc:creator>
		<pubDate>Mon, 02 Apr 2007 08:14:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-32218</guid>
		<description><![CDATA[[...] brings us Wasting Money When You Think You&#8217;re Saving. &quot;There are many instances when people believe they are saving money when in reality they are [...]]]></description>
		<content:encoded><![CDATA[<p>[...] brings us Wasting Money When You Think You&#8217;re Saving. &#8220;There are many instances when people believe they are saving money when in reality they are [...]</p>
]]></content:encoded>
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		<title>By: Mike</title>
		<link>http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/comment-page-1/#comment-31870</link>
		<dc:creator>Mike</dc:creator>
		<pubDate>Sat, 31 Mar 2007 13:50:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.pfadvice.com/2007/03/29/wasting-money-when-you-think-youre-saving/#comment-31870</guid>
		<description><![CDATA[I think you also need to add that when you save money, you also need to invest it or do something with it in a positive way.  Saving to pay for a holiday instead of putting it on a credit card is valiant, but you are still never going to get ahead.]]></description>
		<content:encoded><![CDATA[<p>I think you also need to add that when you save money, you also need to invest it or do something with it in a positive way.  Saving to pay for a holiday instead of putting it on a credit card is valiant, but you are still never going to get ahead.</p>
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