The Financial Benefits of a Repetitive Life

I like adventure and trying new things. Sometimes.

I also find comfort in the tried, true and familiar. I tend do do a lot of the same things over and over. I suspect many people are like this. We all have our favorite things to do, places to go, and people we hang out with. For some people this kind of life is intolerable. They always have to be doing different things. But for those of us who stick to our usual paths, there are some financial benefits. We may not live the most exciting lives, but we are likely saving money. Here are some ways that living a repetitive life can be a money saver.

Fewer upgrade cycles: When I find a product that I like and that works for me, I tend to keep it until it gives out on me, I can no longer find parts for it, or some other circumstance forces me to upgrade. This applies to cars, computers, phones, and appliances. I don’t buy the newest and greatest of anything just because it’s out there. If what I have is meeting my needs and is reliable, I keep it. This means that I spend far less money than someone who is always seeking the latest and greatest. Those who love to change their phones every year or car every two years, for example, pay for that thrill.

You know how to get the best deals on what you buy: When you buy and do the same things over and over, you learn how to get the best deals on the things you buy. I tend to go to the same vacation spot at least once a year. I may go other places, too, but I always go to this one place. I’ve been there so many times that I know which hotels have the best price/amenity ratio, how to get discounts on just about everything there, and how to ensure that I have a great time for very little money. When I go to a new place, I have to learn all of that and it often takes several visits to acquire the same level of knowledge. This is also true for a lot of other products. I know how to get the best deals at my local grocery store, for example, but when I go to a different store with different policies I’m a bit lost. Sticking with the familiar means that you amass a level of money-saving knowledge that you don’t have when you venture into unfamiliar territory.

You don’t need to move around as much: I know many people who can’t stay in the same area/house/apartment for more than a couple of years. After that, they need to wander. The trouble is, moving is expensive. If you upgrade to a bigger place or higher cost of living area, it becomes even more so. Those who are content to stay in one place for a long time don’t have those expenses.

Repeats often cost less than first runs: When it comes to many things, I don’t mind reruns and repeats. I enjoy rereading my favorite books or re-watching my favorite movies. I like playing my favorite games (board or video), even if I think I’ve “mastered” them. Because I already own them (bought on sale, clearance, or used), they are far cheaper than buying the newest releases. I enjoy eating at the same (cheap) diner every week for my “big meal out” rather than trying the hot new place. While I’m not averse to trying new things, the oldies but goodies are cheaper and I know they will not disappoint me and make me regret spending the money.

Of course the opposite can be true. Breaking out of your rut can be a way to save money, too. Sometimes you try a new, cheaper brand of something and you love it. Maybe you find a new place or way to vacation that costs less than anything you’re tried before and you love it. Generally speaking, though, the familiar life is less expensive than the life that constantly seeks excitement and change.

This entry was posted in Frugal, Personal Finance, Saving Money, Shopping and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *