We were walking home from school drop-off and chatting to a neighbour; the usual June chatter: what are you up to this summer? Heading out of town or sticking around? Camps? etc.
He said, “Well, we bought a tent trailer this year, so we’ll try to do some camping. I thought that our vehicle would pull it, but it’s very slow & heavy, so I guess we’ll be getting a new one.”
It goes something like this: I don’t want to pay hundreds of dollars a night for vacations, so we will invest in camping instead, which is WAY less costly.
It seems true. Until you buy a trailer. And a new vehicle to pull the trailer. And $20 away your financial margin on gadgets and tools and second items to live in the trailer.
Loads of people love camping and are delighted to spend the money; it’s exactly what they want to do. If that's you, fantastic! Maybe you will use that trailer for years and years and the financial equation will totally come out in your favour. Maybe it's not about money at all, and you want to access places you wouldn’t otherwise, or there are benefits that you can’t replicate in a single location rental. If all of that is the case: great. God bless. Enjoy!
Here’s the thing: I’m not really talking about camping.
This conversation is a perfect example of our tendency to look at money in isolated, incremental ways, rather than the big picture. The first thing my husband said, after we parted ways with the neighbour, was, “I wonder how many weeks of a timeshare we could get for the cost of all that camping equipment.”
His comment obviously reflects his own holiday affinities much more than a dedicated camper, but it also reveals why he’s rarely had regrets when it comes to money he’s spent.
It’s not just about comparing between types of trailers or types of vehicles… as Dan Gilbert said: money doesn’t know what it’s being spent on, whether it’s $100 saved on a car or on groceries. Do I want to spend $15,000 on camping-type vacations, or $15,000 on a house rental on a lake, or $15,000 on renovating my home, or $15,000 to give to disaster relief or refugee assistance??
It’s all the same money, and we’re too smart to let it slip away in “I guess we need a new vehicle now.”
This summer, go in eyes wide open. Practice the art of comparison! Think about the value, to you, of holiday purchases & spending choices. It may sound like a hassle, but trust me, you will actually start feeling better about your money, not worse.
And, if you're going camping, eat a s'more for me! ;)
My husband was dropping off our parcels recently, and a woman working in our shipper's office said, "I was looking at your site, and I think I might buy some of these blankets this year as gifts; I'm mostly shopping online." Another employee chimed in, "I'm going to do all of my shopping online, too."
That evening, he went with our kids to the mall to pick something up (masked, natch), and as he surveyed the hallways — with some permanently closed stores, some shuttered from lack of employees, etc. — Wayne's thought was, "I think I need to do all my shopping at the mall!"
Recently, dignify received a review on our blankets that addressed the variety of our styles (color/pattern), and the contrast/matching choices that go into our kantha. Let's take a glimpse behind-the-scenes at the number of factors that contribute to these decisions.
How do we choose the fabric? How do we match saris to create the kantha blankets? Why are some combinations bad? Why aren’t there more grey/buttery yellow/navy blue color combos?
I know that many of you have wondered about these questions from time to time, too!
This week, I posted on my personal Facebook page about Amazon's Prime Day, with some stats that bothered me.
A thoughtful friend commented with honesty,
"Could you share some more of your insights about Amazon. I don’t disagree that their model is terrible but I also haven’t been convinced enough to forgo the crazy convenience of it.
Help convince me!"
Here is the response I posted.