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What's your best non-traditional piece of budgeting advice? (self.asklemmy)

submitted 2 years ago* (last edited 2 years ago) by pineapplefriedrice to c/asklemmy

11 comments fedilink hide all child comments

Everyone knows the classics. Only use cash (eh). Wait 30 days before making a purchase to see if the impulse wears off. Track your expenses. Save X% of your paycheque. But what are some more interesting ones?

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[–] neanderthal 4 points 2 years ago (1 children)

Here is a good one. Consider affiliated costs. Say you buy a printer. The printer needs ink and paper. Research maintenance and operating costs.

Consider unconventional alternatives. You don't need an air compressor for a car tire. Bike tires operate at higher pressures than car tires. A nice $25 bike pump with a built-in pressure gauge will surprise you at well it works on car tires.

You don't need to buy a pickup for a boat trailer if you only use it a few times a year. Compare rental to purchase costs of big ticket items. Even if you use them more than most, renting is likely cheaper.

[–] pineapplefriedrice 1 points 1 year ago

That's actually really interesting, I like it. I'm trying to brainstorm areas where I've neglected to consider associated costs. Probably cooking for me? I have a strong tendency to get culinary inspiration and drop way more cash than I intended on all the things I didn't realize I would need.