Perceived Value: The cornerstone of conscious spending (a.k.a. “frugality”)

When you evaluate and go over every purchase you make, it doesn’t make a difference if it’s a $2000 item or a $2 item.

Perceived value of the item to your lifestyle is a big factor.

For me, if I need to spend $300 on something that will make my life easier — I am going to do it rather than spend $3 on something that is useless.

In my earlier example, I balked at spending $15 + tax on a pair of traveling chopsticks, and ended up finding a solution at $2.50 for childrens’
chopsticks instead.

Some might have said:

JUST SPEND THE $15 already!

You have all these expensive electronics and hard drives and you can’t even fork over $15?

All I could think was:

But I am not going to use them all the time.

It’s more of a Emergency Food Kit thing, and not something that is going to have a huge impact on my life if I buy them.

Some might call it “Cost-Per-Use”, as a different name, but whatever way you decide to call what you’re doing, it’s a good start to thinking about what you need and what you don’t.

About the Author

Just a girl trying to find a balance between being a Shopaholic and a Saver. I cleared $60,000 in 18 months earning $65,000 gross/year. Now I am self-employed, and you can read more about my story here, or visit my other blog: The Everyday Minimalist.