Skimp and Splurge
Part 2: Three Years Later
2019-11-12 00:00:00 -0600

When I dug out the original post Skimp and Splurge: The Art of Saving Money from my Google Drive, I was immediately humored by my original intent to create a blog. As you can probably tell, that never actually came to fruition… Until I decided to adventure with GitHub Pages. Although, most of that is another story.

What actually inspired me to publish that original “post” from 2016 was that a lot of the opinions I had on it have changed. When I wrote that originally, I wasn’t even graduated from college yet. I was still living in a dorm room (suite, technically), and I still had a small meal plan at my college’s Dining Hall. I had a decent amount of money for a senior in college (since I worked part-time at SportsEngine during the last couple years of school), but that didn’t necessarily prepare me for what living in the “real world” would be like.

What I learned quickly was that money doesn’t grow on trees. What takes a person two weeks to earn goes pretty quickly when your rent is $1,300/month, your car payment is $400/month, and you still want to go out to eat at restaurants. And so, as I moved out of my parents home in the summer of 2017, my priorities began to shift away from what I thought they’d look like.

So, in honor of it being almost exactly three years after that original post, let’s re-evaluate those 10 skimps and splurges.


SKIMP: daily coffee. In fact, I don’t drink any coffee at all. Call me lucky that I don’t need the pick-me-up of energy in the morning, but because of it, I can easily save $150 a month from frequent trips to Starbucks.

I still don’t drink coffee. When I was in high school, everyone would tell me: “You may not need the caffeine yet, but just wait until college.” When I got to college, everyone said: “You’re a young freshman. Just wait until you’re a senior.” When I became a senior, people said: “It’s amazing you don’t need coffee right now, but just wait until after you graduate and start working full-time.” And yet, here I am, 2.5 years after graduation, working full-time, and I still don’t drink coffee.

I believe I’ve had maybe three cups of coffee in my entire life, and each one of those had to be loaded up with sugars and creams to hide the bitter taste. In fact, one time my mom came over to my apartment and I offered her a cup of coffee. She said “that would be great,” and then I offered to take my car to Starbucks—I don’t own a coffee maker.


SPLURGE: apartment rent. Even though apartments provide a low-contract living situation, I like knowing that the place I’m living in is decently nice, in a good neighborhood, and I would feel comfortable living there for years to come if I wanted to. And it’s not like I was super picky. In fact, my requirement for living there included 6 things:

  • Central heat
  • Air conditioning
  • Dishwasher
  • Underground parking available
  • Free laundry (does not necessarily mean in-unit washer/dryer)
  • Fitness room in building

Since I moved out of my parents home, I’ve lived in three apartments. And it’s been only 2.5 years! There are some things in this category that haven’t changed. I still like to live in a decently nice place. I will always try my darnedest not to live in a place where there’s thefts, break-ins, and gunshots at night. But, it’s okay if my apartment doesn’t have a state-of-the-art gym facility.

So, here’s my revised list of requirements:

  • Central heat (we do live in Minnesota, so hopefully this is common)
  • Air conditioning (less common than heat, but decently easy to find)
  • Dishwasher (considering I use mine at least five times a week, I’d say this is a necessity for me)
  • Underground parking available (I would also settle for an individual single-stall garage, because then I can use that for storage, but I do not like brushing snow and ice off in the morning)
  • Laundry (this doesn’t need to be free, and it doesn’t need to be in-unit, but I do think I’d put my foot down on the place if the machines used quarters)
  • Fitness room in building (even though I don’t go to the gym as often as I’d like to admit, it’s still nice having this option in the building)
  • Mail and package receiving (normal mail is common, package rooms are a newer amentity that I could see older complexes not having)
  • No smoking in the building or on balconies (this is actually a huge one for me as a non-smoker… I hate the smell of cigarettes)
  • Comcast as an optional internet provider (since I work for NBCUniversal and Comcast, I get free internet and cable; there’s no way I would willingly pay another internet provider when I could just get free internet through my work)
  • Bonus: an indoor swimming pool and hot tub (I love to swim, in fact, it’s probably my most preferred sport, so having these as bonus amentities make living anywhere way more enjoyable)

So… I guess my requirements list has gotten even longer. But one huge thing I have learned is that you may find an apartment that’s great, and then learn that it’s not as great as you thought. It’s okay to move when your lease is over. In fact, financially that may be the best option, if your rent is increasing by a significant amount for the next year.


SKIMP: tons of new clothes. Call it luck that at my job, jeans and t-shirts are totally appropriate, but I never am willing to spend more than about $30 on a shirt or a pair of pants if I don’t have to. Stay away from the designer stores and expensive retail stores. I only buy expensive clothes when I know I’ll be wearing them to a very important occasion.

This has pretty much stayed the same. But unfortunately, what ends up happening is that I end up buying such cheap clothing that it only lasts a year. I know that if I paid a bit more on a more expensive version, it would actually be better quality. But in my defense, I actually have raised my maximum price range of a piece of clothing to more like $50.


SPLURGE: eating at nice restaurants. I don’t mean super pricey restaurants, just ones that aren’t fast-food chains. I would never skip on going out to eat with an old friend at a decently nice restaurant. Worst case scenario, I’m fed with good-tasting food, my wallet is $45 lighter, and I’ve gotten some socializing done with friend(s). Could be worse. And I’ll probably get leftovers out of it, too.

Recently, I’ve begun to switch up my diet in favor of healthy foods that are homecooked. I make simple, easy-to-remember recipes. But I’ve also learned that I can save a lot of money by not going out to eat. Cooking food at home is cheaper and healthier. I will say that eating a bunch of frozen meals will add up, so instead I’ve been opting for pasta, beans, rice, eggs, fresh fruit, and frozen veggies. Cheap and easy to cook!


SKIMP: tons of takeout and fast-food. Although it doesn’t seem like much, a month’s worth of take out fees and fast-food adds up. I’d much rather cook one meal, and have it and its leftovers last me three days than spend $5-10 every two days on lunches.

Since my answer to #4 has changed, it makes sense that this one would stay very much the same. Unless I’m in a rush, fast food isn’t really worth it. And McDonald’s is way more expensive now than I feel like it was when I was younger. Now, a Big Mac is almost $5!


SPLURGE: Netflix. Of course everyone will have different opinions about this, but for me, Netflix is a necessity. Almost right up there with internet. For me, Netflix can easily occupy 3 hours worth of time, and it is a good distraction from the rest of your life when you just need a break.

I completely agree on the Netflix debate as I did three years ago. In fact, now I use Netflix, Hulu, Amazon Prime, the occasional Redbox DVD, and my internet provider’s cable subscription to watch TV shows! Granted, I don’t quite pay for all of these myself. I use my parents’ Netflix still (that’s a long story, but I’m still on strike—thank you Mom and Dad!), and my old friend’s Hulu account. If I was paying for them myself, then I’d try to cut down some of these unless I was sharing the bill with a roommate or a significant other.

However, one tool I would totally recommend is the public library. If you’re willing to wait a few months, then you should take advantage of that old library card you had when you were 12, and put some DVD’s and TV shows on hold at the library! You’ll most likely be waiting a while, but (assuming you have a DVD player), it’s a convenient and free (!) way to watch DVDs and TV shows. Then, you just return it to the library when you’re done (make sure to return on time to avoid late fees).


SKIMP: expensive phone bills with tons of unused data. If you plan on getting Internet and WiFi at your apartment, like most people have, then you can skip on the data a little bit. For me, 5GB is plenty for the occasional watching of videos and browsing the web. But to each their own (some people use over 10GB a month, and I know that).

When it comes to phone bills, paying some amount of money for a phone bill is a given. But, the truth still stands that if your home and work have WiFi, then you most likely won’t need a lot of data. These days, I use my phone for navigation more and more while driving, and I occasionally stream Apple Music in the car, so I need some data for that. But I probably don’t use more than 4GB a month. Make sure to shop around for the cheapest plan you can get, and always jump at the chance to share your bill with roommates or SOs. Oftentimes, having one account with multiple phones is cheaper than each person paying individually.


SPLURGE: a good car. Yes, my car was not cheap. I got a brand new Honda CR-V, with only 11 miles on it. The reason I got this car was because I think of it like an investment. If I bought a cheap car with 120,000 miles on it and it needed maintenance and new parts, then I spend the original amount on the car, plus gas, insurance, the maintenance, and parts. And, it could only last me 2-3 more years. But, if I buy a nice car that isn’t old and doesn’t need a lot of work, assuming I take proper care of the car, it could potentially last me 7 more years. And, I love my car.

I still stand by this belief. It’s important to have a good car that will last. My car hardly needs maintenance (besides routine tire rotations, tire alignments, and oil changes), but not much more, because it’s still so new. My coworker’s car has been in the auto shop for the past week, just getting fixed up to driveable condition because it’s much older.

However… I got my car new… and that’s definitely not the most financially responsible thing to do. I should’ve gotten a used car that was a few years old. It still would’ve lasted just as long, and it would’ve been cheaper by about $5k. But, I opted for the newest safety features when I got my car, and those were only available in newer CR-V models.

The one other thing I’d recommend against is fixing your car up when you bump into something. Everybody gets some damage on their car eventually. Whether that’s scratches, running into a pole in the parking lot, bumping your back bumper into a snowbank, etc. In my limited experience, paying the shop to fix it up is rarely worth it. There was one time where I ran into the back of a semi truck, and my passenger-side mirror cracked. Replacing that was worth it because I couldn’t see out of it. That was affecting my ability to drive my vehicle.

But another time I ran into a pole in my parking garage at my apartment. And I paid to have parts of the rear moldings replaced. It cost about $450. And, I decided to leave some scratches in the paint because fixing those would be even more expensive. But later that summer, my car fell victim to a hit-and-run in another parking lot. I did decide to get that fixed up (and my insurance deductible was a terrible $750). The only good news is that I convinced the auto shop to fix up the other scratches that were still remaining from the pole incident. In hindsight, I probably didn’t need to spend $1,200 to fix my car up from those incidents. Neither of the accidents were affecting the drive of my vehicle, so they were all cosmetic. And if I didn’t care about my car so dang much, I would’ve been fine leaving them the way they were.

Don’t worry… I’ve switched my auto insurance now, so my deductible is lower.


SKIMP: buying a couch right when I move out. The truth is, when you first move out, there are some things you need. Some pots and pans, and a shower curtain fall under that list. There are also some things you don’t need right away. A couch and a TV are in that list. Couches are expensive. Besides the bed/mattress and the dining table/chairs, it’ll be in the top 5 most expensive things you’ll buy for quite a while (at least in terms of furniture). Therefore, skip the couch. If you’re a college student, you’re probably used to lying on your bed watching cute animal videos anyway, so you’ll do just fine without a couch if you wait a couple months.

When I first moved out, I did buy a couch. But hold on before you go judging me. I used some money given to me by my aunt who had recently past away. If I was buying all of my furniture out of my own pocket, I would’ve skipped out on the couch. But, since my aunt past away earlier in the summer, she had left me and my sister a small amount of money. I decided to use that to furnish my new apartment, which my aunt would never see. I’m sure she’s proud of the fact that my furniture was all the proper color scheme to match the apartment. I’ve moved a couple more times since, but every piece of furniture I bought transferred to the new apartments nicely.

And, it turns out that when you don’t have any pets to chew up your cushions, your Ikea furniture can actually last a long time!


SPLURGE: a good bed. The thing with mattresses is, the better quality mattress you buy, the longer it’ll last, the more comfortable it’ll be, and the better you’ll sleep. And hopefully you’ll learn sometime in your adult life that sleeping is never something you should skimp on if you can help it.

Yes, yes, yes to this! I bought my bed and frame on sale for $1k from Macy’s, and it was worth it. I love having a comfortable bed. Granted, now I know that I could’ve done a little more research to find a mattress that would’ve suited my sleeping needs more, but this one will do the trick, at least for the next 8 years or so.

There you go! I hope that taking another look at my opinions on these topics proves useful for you, and gives you a place to start from if you’re looking at creating or re-evaluating your budget. Let me know what your opinions on these topics are! Shoot me a message from the Home page or add a comment below!