Thrifty Thursday 12
I have done some research this week into how people spend their money. I found that many aristocrats are quite thrifty! I have looked at two groups in particular; the people who are very thrifty and the people who are not thrifty at all. I’m going to compare the thriftiest with the wasters!
I found the main difference was spending on what I regard as luxuries. The wasters spend a lot more on mobile phones, while the thriftiest are more likely to be on pay as you go, rather than a contract. The wasters spend more on food and eating out in particular. They also tend to eat less healthy, eat more processed food, more red meat and less fruit and vegetables. Wasters also tend to be overweight! The thriftiest people try to eat their 5 portions of fruit and vegetables a day and often try to grow their own. Wasters also seem to get less exercise which can also contribute to being overweight and ill health. The wasters are also more likely to smoke cigarettes.
The thriftiest of people spend less on entertainment and things like CD’s, music, DVD’s and entertainment systems. They also spend much less on alcohol and snack foods. Wasters eat more chocolate, no wonder they are overweight!
Thrifty people tend to make a list before they go shopping in the supermarket but wasters just throw what they find appealing into their shopping trolley. Interestingly, I found that the thriftiest people also read labels more; not only checking the price per kilogram but also the ingredients.
Home and garden
Thrifty people spend less on their homes and are less inclined to try to ‘keep up with the Joneses’ and so are less likely to have an extension or conservatory. Thrifty people tend to have less possessions and even less pot plants! In the garden the more thrifty and will make their own compost, have a water butt and try to grow useful things, like vegetables. They also spend more time in the garden than the wasters.
The car is a means of transport to the thrifty; but a status symbol to the waster! Wasters are more concerned about how new the vehicle is and whether it’s fashionable, while the thrifty are more concerned with practical things like running costs. Thrifty people are more aware of maintenance costs, fuel costs, taxation and above all else, depreciation.
Wasters tend to pay interest on loans and credit cards while the thrifty try to earn interest on bonds, savings certificates and accounts and invest for a better future.
Thrifty people also tend to keep personal accounts, make lists and budget. If you are a waster or somewhere in between a waster and being thrifty maybe you can look at become more thrifty? The thrifty people tend to have far more money saved than the wasters!
You can find links to more blogs on the Home page.
- Thrifty Thursday 11 (mike10613.wordpress.com)
- How to make your first million 1 (mike10613.wordpress.com)
- Thrifty Thursday: Post # 7 – Plan Your own Veggie Garden (othersuchthings.wordpress.com)
- Thrifty Thursday 9 (mike10613.wordpress.com)