as a rough rule
one-time investments is not where you should be saving the money.
those little things you spend on everyday is what empties your bank account all the time.
you're not gonna be rich by saving on daily expenses. i think you can spend on those.
the thing is that when you happen to have more, invest in something.
a trip to visit a good friend is also an investment. buying a new instrument to explore your musical abilities is also an investment. those last a long time, so they're an investment into your happiness. any wife who doesn't get this should shut up.
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@thor Not in the least... it really adds up and is quite vital to getting out of poverty... I speak as someone who started life in the welfare system and found my way out.
@freemo even if this is the case, the components you describe may or may not be what got you out of there
@thor Very true, but as someone who has played the game and won, and who have helped many people do the same (I tutor others to be successful, and many times given homeless people a place to live along with that to get them to a place of success)... with that expiernce I'd say I have a pretty good knowledge base to judge what isnt and isnt effective.
I think particularly in this case we don't need to consider whether correlation implies causation when we have actual practical math with real numbers to consider.
We can consider the marginal cost of the better one time purchase and then the smaller recurring or daily costs, and even include things like interest compounding if we want to.
@freemo correlation does not imply causation
this careful management simply implies greater self control in general