I’ve just finished reading the marvelous book Unreasonable Hospitality, by restauranteur and hospitality enthusiast, Will Guidara. The book is part foodie memoir, part management/business manual, and fully inspiring to creativity & connection. One of the concepts that he discusses is “The Rule of 95/5”: Manage 95 percent of your business down to the penny; spend the last 5 percent “foolishly”.
If you buy something in a store, there is a cost to get there: in time and in gas (or other transportation expenses). If you purchased something to be delivered, there are costs there, too — hidden costs, perhaps, but costs (to somebody) nonetheless. When we think about it all too much, it can get our heads spinning. What is the “true cost” of every dollar I spend, every item I buy?
When I travelled to Bangladesh in January 2020, most of my time was in Dhaka — the capital city and home office location for our production partner, Basha. For two days of the trip, however, I planned to travel to another production centre in another, smaller city. During this time, a Friends of Basha manager and I would visit the local Salvation Army office and go with the leader to “tour” the brothel across the street.
In late February/March, we sent out a survey, and SO many of you were gracious with your time to respond! Since it was anonymous, and I can’t respond to anything personally, here are some “show notes” from the survey... a sort of “greatest hits” of the comments that came up which I can share now and respond to.
Life is expensive! Statistics in both USA & Canada show that food-at-home prices increased from December 2021 to December 2022 by 11-12% — the fastest pace of increase in 40 years. Energy, shelter, transportation, and durable goods have all also significantly increased in price.We’ve always advocated around here for thoughtful shopping, the power of purchasing, and being aware of how we spend our money. Do my purchases reflect my values? Is this the way I want to actually spend my money? etc. In this moment of inflation and maybe financial strain, I want to revisit a runaway category of spending and how we might (if desired) reign it all in.
