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Why spendthrifts spend -- new research about food preferences outweighing cost

Last post 07-08-2009 8:10 PM by jennylyn. 28 replies.
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  • 07-03-2009 8:50 AM In reply to

    • Brandy
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    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 14,191

    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    jennylyn:
    I like feeling good in my clothes

    I absolutely agree. Since I am married and would like to remain so, I also believe it's important for my husband to think I am attractive to feel as if I care about what he thinks.

    jennylyn:
    T-shirts are t-shirts

    They can be. I like a particular cut and fabric. Old Navy isn't the only one that has it though. I have that particular type from Old Navy, Target and Walmart. The Old Navy ones are from thrift stores with prices that were under $2. I have had them for three or so years. The Target ones were on clearance between $3 and $5 and they are only a bit newer than the Old Navy. I bought a few at Walmart last year on clearance at $1.

    The Old Navy ones still look good, no color fading, no threads loosening and repels stains well. The Target ones still look good as well. I will toss two of the Walmart ones into the rag pile at the end of summer. They didn't hold their color as well and they stain easily.

    So my preference is to buy the ones that will last. My choice is to bargain hunt for them rather than pay full price.

     

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  • 07-03-2009 12:02 PM In reply to

    • Gary
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    • Joined on 03-28-2007
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    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    One thing that's been touched on, but might need more emphasis:

    These luxuries (whatever they are) come from our disposable income. It's a totally different deal when we're not able to pay our bills. Just like Pat said, if I'm scratching to pay the electric bill what brand tea I drink (or if I drink water) is not really that important.

    Part of the misconception of articles like the one that started this discussion is that many of the writers have never seen or personally experienced really tough times. They've grown up in the 90's and 00's when the vast majority of people didn't have to contend with serious financial problems.

    For instance, if you were born after 1975 you couldn't have much memory over the last real recession we had. That's not meant to be an accusation. Just a statement that you haven't had that personal experience (just like there are many experiences that I haven't had). But, like so many things, if we haven't experienced it we can't fully understand it.

    That may be why this recession seems so scary. We have a lot of people who haven't been through it before. If you've survived a recession you know that in a real crunch you give up on those luxuries so that you can afford the necessities.

     

     

  • 07-03-2009 1:26 PM In reply to

    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    Gary:
    These luxuries (whatever they are) come from our disposable income. It's a totally different deal when we're not able to pay our bills. Just like Pat said, if I'm scratching to pay the electric bill what brand tea I drink (or if I drink water) is not really that important.
    Not only that but we've redefined what a luxury and a necessity is. Some people consider Internet and Cable as important as a phone and would not consider going without them. Not only do those two services cost, but they increase the electric bill to boot. Those who were around before know that you can survive without it. Life would be challenging but you would survive. One of the things that has increased this mindset is advertising. There is always that pressure to upgrade. Having more of everything seems normal and expected. Then one day you wake up and you're told to make do, its a shock.
    Officially Recognized Stretchpert in Stages of Life
  • 07-03-2009 3:39 PM In reply to

    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

     I don'tcall myself a spendthrift but there are some foods I am willing to pay more for than others examples are Bryan Juicy  Jumbo Winers, Oscar Mayer Winers, Hinz Ketchup but this time of the year most of the grocery stores have the winers on sale for .99 so combined with coupons $1.00 off of 2 packs I am actually just paying 44 cents per pack without the sales and coupons most would be at least 3.00 per pack.  

  • 07-03-2009 4:32 PM In reply to

    • Pat
    • Top 10 Contributor
    • Joined on 03-06-2007
    • Colorado
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    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    Toni B.:
    Not only that but we've redefined what a luxury and a necessity is
     

    I think that's the real key to understanding the issue. What is a necessity to many were at one time luxuries reserved only for the ultra rich, or weren't even available for any amount of money. Our world has changed a lot in the last 20 years - or even 10 years. Cellphones, ipods, cable TV, high speed (or any) internet all became common in the last few years. People who have grown up during those years don't realize that it's possible to live happily without them. 

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  • 07-06-2009 11:36 AM In reply to

    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    To me many spindthrifts have something deeper in their life that they are not happy about and are trying to buy things to fill the void.

  • 07-08-2009 11:02 AM In reply to

    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    Brandy:
    So my preference is to buy the ones that will last.

    Totally agree with you on this-I would MUCH rather pay a little more for something and have it last a lot longer than to buy cheap and constantly be replacing/repairing it.

    I should have clarified my T-shirts are T-shirts comment . . . it was meant in response to the idea that Old Navy is too trendy to shop in or that everyone that buys stuff from there looks the same-someone earlier on posted about Old Navy being a bad place to shop because of these reasons.  My comment was meant that a tee looks like a tee, doesn't matter where it was bought really.  What does matter is the comfort, feel of fabric, durability, fit, etc and I absolutely agree that the quality of Old Navy, especially for the price, is great and makes them a much better purchase or investment than many other choices.

    So end result, I proudly shop Old Navy!  For myself, DH and the kids.  Their clearance racks have great deals, and when I do shop there, I wait for their sales (they often have a 30% coupon or similar).  I don't consider them a pricey place to shop at all, I consider it a great place for purchasing pretty good quality basics at a good price.  I get jeans, tees, sweatshirts/sweaters, sometimes jackets, shorts, etc from there.  I wish our thrift shops had such good values as yours!  Often here, buying on sales and clearance from Old Navy and Target is cheaper than the thrift shops except when they have bag sales and things like that-but then it can be hard to find anything.  Thrift shops here are great for household items though, and books too, but not so great for clothes.

  • 07-08-2009 6:39 PM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 14,191

    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    jennylyn:
    I should have clarified my T-shirts are T-shirts comment . . . it was meant in response to the idea that Old Navy is too trendy to shop in

    I did misunderstand your statement. My apologies!

     

    Your Dollar Stretching Assistant Community Moderator

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    Stretchpert in.... Schooling; Food Programs Co-ops and Clubs ; Recalls




  • 07-08-2009 8:10 PM In reply to

    Re: Why spendthrifts spend -- new research about food preferences outweighing cost

    No, my apologies, I read it back and realized it wasn't clear!

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