People don't nickle-and-dime any more, do they?

I was talking to my mom, and we got on to the subject of the Beatles. I told her that Mr. Rilch has promised to get ne the Beatles Anthology, piecemeal: one cassette at a time. My mom said, “Oh, he should save up and get the boxed set! It’ll take time, but he’ll probably save twenty dollars that way!”

I said, “Well, we don’t save up for things like that; they’re not that important.”

She said, “If it’s not that important, why are you spending more than you have to to get it?”

So we had a discussion about her parents and grandparents, and how they used it up, wore it out, made it do and did without. This wasn’t in the nature of a lecture; I love to talk about society in eras I haven’t lived through. I like the story about my great-uncles riding the rails to find work in the '30s, and my mom working in a box factory*.

But people don’t do it like that anymore. The economy has changed drastically since the '50s, and it’s virtually impossible to get, or even calculate, how close you get to getting the most for your money. Consequently, people don’t “save up”, except for the big things; you save up for a car or a house or tuition. But for something like a boxed video set, you can’t save a precise amount out of your precise budget.

Example: Say my mom wanted a bracelet in 1948. She would have seen one bracelet in one shop and asked the price. She would have calculated an amount she could deduct weekly from her salary as a shoe-store clerk and figured the number of weeks it would take to raise the price of the bracelet. When she had the full amount, she would go back to the store, after checking periodically to be sure the bracelet hadn’t already been sold. If it hadn’t, she would have bought it, and gone back to getting her coffee at Chock-Full-'o-Nuts.

Mr. Rilch wants to get me the Beatles Anthology in 2001. He has to compare prices at Virgin, Tower, Dave’s Laser, Borders, Circuit City, and Amazon. He can’t calculate a fixed amount to take out of his salary, because his work schedule isn’t fixed. So he just has to wait for a time when he has the approximate amount to spare. Then he has to check and see which of the potential sources still has the item, and if the ones that are available are at an acceptable price.** Much less time and fuel wasted if he just gets one cassette at Virgin every couple weeks.

So people just don’t save their nickels and dimes in the old coffee can any more. Consumerism is so out of control, if you want something, you just have to get it when you see it, and before someone else kneecaps you for it.
*No kidding. Her task was to take the box lids that had had the shiny paper applied but not tucked in, and fold the paper down over the flaps. I once told her to watch the Simpsons episode where the kids go to the box factory, and she told me afterwards that she about died laughing.

**Anyone need a personal shopper? Mr. Rilch is your man! Well, no, actually he’s my man. But I’ll share!

I do, in a way. I collect model horses and they can get expensive at $50 apiece. They are a luxury and so I save up for them by not spending my change. Like if I buy something priced $2.49 I’ll give the clerk three dollar bills and I drop the change in a big jar at home. When it gets heavy, I bring the change to the bank and usually it adds up to a couple hundred dollars. Then I buy more model horses for my collection. Is that what you mean? I do occasionally splurge and use my credit card for models, but most times I use my “mad model money”.

I save my nickels, dimes and quarters, and keep them in the proverbial coffee can.

I use 'em to buy stamps.

However, I’m going to have to come up with a new plan. I collect change faster than I use stamps.

If you’re talking about saving change, or putting aside money here and there, yeah, people still do that.

If you’re talking about saving up carefully for one luxery item, not as often as people used to. In general, I believe that people have more expendable income than they did 50 years ago, and tend to buy items on impulse a lot more. For our rewritable cd drive, we didn’t carefully save up for weeks or months, we waited until a bonus came in and bought it. Heck, we didn’t even shop around much.

lolagranola: In general, I believe that people have more expendable income than they did 50 years ago, and tend to buy items on impulse a lot more

Isn’t that “funny,” considering that 50 years ago, most families were single-income and ate dinner together each night?

:frowning: :sigh:

About 50 years ago, the average work week was less than 40 hours. Now it is close to 100. Are we all twice as rich and happy as we were then?

For me (and I’d bet a lot of other people), time is more valuable than money. Sure, if I shop around, I might find that Beatles Anthology for $20 less than the local Wherehouse music sells it for. But when I add up the time it takes to go to different malls, different stores, etc. it just isn’t worth it. If I spend 2 hours to get $20 off, I’ve sold my time for $10/hour, which is not enough. I’d much rather spend the extra $20, and have two more hours to actually listen to the Beatles, or watch a movie, or go for a walk… you get the idea.

I think that’s half the reason that on line resellers are getting so popular. In fifteen minutes or less, I can compare the prices at several different stores. Then I can order it directly, and it shows up at my house in a few days. Chances are, if I get it in my head to buy a CD or a book, it’ll take me more time to actually get to a store and buy it than the shipping time, so I generally will buy things over the web than in person.

Nope.

The first ten pages of the jobs section in my alternative newspaper are for telemarketing; the next two are for being a guinea pig for pharmaceutical companies; and the “real jobs” occupy two quarter-page columns. sigh

My mom likes to go to Altantic City and play slots, but feels guilty. Gave her a plastic piggy back with $100 in quarters one year. Now she drops the occasional quarter in it, and when piggy gets fat, she jumps on the bus.

Baglady and I do it in reverse.

We have a savings fund for two big purchases: a car (do NOT buy cars on credit) and a house. These accounts have goals for having balance X by date Y.

This creates a large supply of cash which we use as a form of personal credit line. When we have an impulse purchase of some note we buy it using the car/house money. Then we sit down at our spreadsheet and and figure out how much more we need to contribute to those funds to maintain the balance X by date Y goals.

That said, money for something like the Beatles Anthology would probably just come out of one of our pockets (the DINK-life is grand) and disappear into the aether of consumerism.

As far as comparison shopping, I am with Athena. My employer considers my time to be worth much more than $10/hour so why should I value it differently.