The post you are now reading is my 400th post at the Beyond Paycheck to Paycheck blog.
You: Is that a lot?
It is to me.
You: Do you like blogging?
Do you like vegetables?
You: Usually, but not always.
Blogging is like eating vegetables. Blogging today is more enjoyable than unusual, however, since, it’s my first post with the new blog re-design. What do you think? Please let me know in the comments field.
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This week’s carnival of personal finance, hosted by Money Crashers, features many excellent reads including my recent post about how the First time home buyer tax credit may actually expire. Another great piece, written by Patrick at CashMoneyLife, discusses The Early Adopters Tax. Patrick describes his decision to delay purchases, particularly those made by Apple (iPod, iPhone), and the hardware savings which result from his choices. No doubt, early adopters, particularly those in technology, pay a steep price for buying first generation products, as manufacturer runs are short and the resulting costs passed on to consumers are high.
Just think about how much your first laptop cost. How many (significantly more powerful) laptops could buy today for the same amount of money? For me, the answer is about five.
Of course, delaying unnecessary purchases can save you money in an number of circumstances. Several months ago, I brought my car to a free safety inspection and was told of a myriad of recommended repairs and services. Nothing was super time sensitive but, given my intention to drive my car until it drops, it’s age (8 yrs), and current mileage (about 90K), routine maintenance is a good investment. Nonetheless, I’ve been waiting for the right time to get the work done. Yesterday, I received the best coupon by email I’ve ever received from the place I get most of my repairs done – 20% off so long as it’s done this week (they must have a slow period). So I shuffled a few things around on my schedule and I’ll save a big chunk of money in the process. Furthermore, the routine maintenance should delay the amount of time it will take before I have to, one day, swallow the pill and replace this car. In the meantime, I’m doing everything I can keep the car in good shape at the lowest possible ownership cost.
What purchases have you delayed, but ultimately made, in which your waiting saved you some money?