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Penny Pinching conundrums

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  • Penny Pinching conundrums

    Americans may be forgoing Starbucks and stocking up on Spam, but they are also making severe “diagnostic errors,” Mr. Brafman said. “They’re stressed out, and using the wrong information” — such as the belief that buying at Wal-Mart equals saving money — “to make a decision, and ignoring all other data that contradicts that decision.”

    As Americans attempt to perform cost-benefit analyses of their needs and behaviors, some are practicing economies that may not deserve the name.

  • #2
    Interesting article pointing out that saving money is relative...

    A couple we know shop the discount club stating they are saving money...milk is cheaper, bread is cheaper, etc. But, they don't have kids at home and they eat out 75% of the time...I can't see where buying a gallon of milk and throwing most of it out and doing the same with bread is cheaper when you have to buy bigger portions. I prefer to go to the grocery, pay for a half of gallon of milk, and use it all.

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