A blog about running that has metamorphosed into one about life in general.
Showing posts with label being frugal. Show all posts
Showing posts with label being frugal. Show all posts
Saturday, March 5, 2011
Random Thoughts For Early March 2011
The original title of this post was Random Thoughts for February 2011 but I held off uploading it until it turned into March. Talk about procrastination… I haven’t posted anything in almost a week so I thought now would be a good time.
While I was doing laundry a couple of weeks back and left my clothes in the dryer, someone added their clothes to mine (it’s a community laundry room shared by the condo residents). When I went to pick up my clothes and after sorting them out at home, I saw a pair of girl’s jeans and a blouse. In the meantime I was missing a few items of mine. I went back to the laundry room downstairs and found the rest of my missing clothes on the table except for one sock. I left the blouse and jeans there since I had no intention of being a cross dresser. Maybe next time I’ll put a sign on my clothes saying that the owner of these has a very communicable disease.
Gone are the days when I could eat anything (fried foods, ice cream, fast foods, etc.) at any quantity I wanted without worrying about gaining weight or increasing my cholesterol level. It’s not about running off the calories any more although that helps a lot with weight maintenance. I found out in the past decade that running doesn’t necessarily enable you to control your cholesterol level if you don’t follow a proper diet. Somehow when you are younger, cholesterol doesn’t stick as well to your arteries regardless of what you eat, but that stops working as you age.
More thoughts on frugality: why buy soda and snacks from overpriced vending machines when you can buy the same products for much lesser at the grocery store especially when they are on sale? For example our vending machine at work sells cup of noodles for $1.25 each, but when they are on sale they can go for as low as 4 to 6 for a dollar. A can of soda may sell for a 75 cents but you can buy a 12 pack for 2 dollars when on sale. Another thing is the ice cream truck that roams the neighborhood that sell overpriced products you can buy for a fraction of their cost at grocery stores. Most the people who buy from these ice cream trucks are the least who can afford them.
When the recession struck, I moved most of my investments to fixed income funds. I still have about 5% left in a balanced fund which because of the stock market comeback, is now earning more than all of the fixed income funds combined. Is it time to move more of the money to riskier investments? Hard to say at this time because the stock market has been having wide swings the past couple of weeks.
With the internet, a lot of people learn information about what to do and how to lose weight, or how to exercise, etc. This used to be the domain of fitness trainers who either learned about them via formal schooling or getting certified through various organizations by attending seminars or classes and being tested afterwards. With all the information available nowadays, you would think that the percentage of obese people would have gone down because I’m guessing that a lot of them would like to lose weight. Overweight people talk about those goals all the time but as far as applying the info they get from the internet, that is another matter. Sorry if that sounded too preachy.
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Thursday, January 20, 2011
Living a Frugal Life
Am I frugal? How frugal am I and why? My coworkers often buy fast foods for lunch and I don’t. They see me eating what’s available for free or cup of noodles that I keep in my locker for emergencies. They think that I probably have a lot of money saved because of my frugality. While I do have some saved, it may mean “a lot” to some people while it may mean “not enough” to others, depending on how comfortably one wants to retire. No doubt, relatives and friends in the Philippines most likely think that I earn a substantial amount because I get dollars here. Nothing can be farther from the truth.
Please allow me to tell you about the reality of the situation. Sure, I earn a modest living – but just enough to pay the mortgage and other bills while saving a little bit for retirement. My biggest monthly expense is my mortgage like most people do, and I have about 10 more years to pay that off. I pay in full every month whatever I owe in my credit card. Because I only work one job now and am not inclined to work overtime any more, my income pretty much is in balance with my expenses. This is why I don’t eat out or go out as much as I did, say, a decade ago. Go on vacation? Forget about it! There’s just not anything much left after basic monthly expenses. So when my former classmates invite me for a reunion in the Philippines come September, I’ll be one of the missing again. I can only be with them in spirit and in cyberspace. This is not a sob story by the way. I’m fairly comfortable and content the way it is, barring any major life changes or emergencies.
Of course if you have been reading this blog, you already know that my major purchases the last couple of years have been exercise equipment, and that’s probably the main reason why I haven’t been able to save. However, I count that as an investment in the future of my physical fitness in case I’ll never be able to go back to running. Right now, I couldn’t possibly cut back any more on my basic expenses because it’s practically bare bones. My main form of entertainment is watching free streaming movies. I stay home on my days off from work unless there is some family gathering.
So what are these basic expenses I’m talking about that eats so much of my income? Without going into dollars and cents, here they are: mortgage, homeowner’s association dues, electricity, natural gas for heating and cooking, internet, cellphone, and gasoline. The rest would be for food and credit card purchases. I drive a 13 year old (old by U.S standards), thankfully reliable car. On an annual basis, there is car insurance and maintenance. How much more bare bones can that be?
So in short, let me tell you folks, I may live and work in the U.S., but in no way can you consider me well to do. Frugal? Maybe, but I’m just being realistic and practical.
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Back to Main Page: http://noeldlp.blogspot.com
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