The midlife cyclist

Advertisers say some ridiculous stuff to manipulate us into buying useless items we don't need.

The Checkout took a quick look at some of ludicrous items for bikes. Would you pay $1100 for a watch? How about $491 for a bike pump?

It's funny, and slightly jaw-dropping, but the sad part is that we sometimes we are lulled into buying this stuff. Then we have to work more - or sacrifice other things - to pay for it all.

PS. If you regret stuff that you've bought, why not sell it online? Download my ebook Less Clutter More Cash for handy tips.

Comments

How to waste a year's wages

A friend recently asked me why it is that so many people (on good incomes) are struggling to save. Often the big three money areas are housing, transport and food. In one sense these are necessary items. But what we spend on them is often way more than necessary. I crunched some numbers on how much extra my wife and I could spend on these things - if for some reason we wanted to burn our money. 1. Housing Our apartment is fairly nice, but also cost-effective. I've mentioned how choosing it saves us $1,800 per year , compared to a similar one we saw. The high end of 2-bedroom apartments in our suburb is $305 per week more than our apartment. Not $305 per week. $305 per week more than ours is. I cannot get over that. Sure it's new and modern-looking, but that's a lot of money. It's an extra $15,860 per year above what we pay. 2. Transport The Australian Automobile Association lists the costs of owning and running a car. It includes many often-overlooked c...

The real cost of owning a car

It's been about 10 years since I've owned a car. My wife doesn't own one either. "You must save a lot in petrol" That's one of the frequent reactions when someone discovers we don't own a car. "Of course, but it's just the tip of the iceberg" is the usual theme of my reply. Many people I've talked to just aren't fully aware of the real cost of owning a car. Or even that there are six different costs of owning a car. Six? Really? Yes. Occasionally a work colleague or friend will boast their car only costs $X per week. Of course it turns out only some factors have been counted. Sometimes it's just petrol alone. To some people, that feels like the only cost they pay each week. Why does this matter? You might be questioning the need for a second car in the household (or even having one at all). Or you might just be choosing which car to get next. Either way, to make an informed decision we need proper information. So let's look at...

Colour me happy

One of the great things about reducing possessions is thing called 'helper's high' . It's that fuzzy feeling you get from helping someone else out. I got one recently by helping an old man lift heavy groceries into his car boot when he was struggling. But this is not about that. I was about to put some watercolour paints online for anyone who wanted them. Then I remembered a local community group where people do art therapy. I gave the paints to a contact who passed them on to the group. The next day my contact called me to say how much they were appreciated. One of the participants wanted to do some watercolour painting, but couldn't afford the paints. When my contact walked in with free paints the participant was overjoyed to be able to do her art. As far as 'helper's highs' go, this was a slightly removed one - I never met the actual person I helped. But still it was a buzz.

But wait... there's less!

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