How much time are you willing to invest searching for deals?
When I was a still a young boy living back in my hometown of Woodhaven NY, Woolworth’s was the king of ‘five and dime’ department stores. We didn’t have the internet or World Wide Web in the 1970’s, it didn’t exist. Walmart was not the powerhouse it is today, and was unknown. I think the first time I ever heard of it was when I was in college and the late Paul Harvey raved about Walmart on his radio program.
The nearest Woolworth department store from Woodhaven was in Jamaica NY, about 5 miles away, and a twenty-minute bus ride on the Q-56 bus. You could also take the J Train and get off at Sutphin Boulevard. Either way, you had to wait for the train or bus, each way, and pay carfare.
In Woodhaven, there was a small town, two-store department store chain called Lewis’ of Woodhaven. It was started in 1933 by Louis Lewis. When he died, he left his two stores to his two sons Larry and Julius. They in turn passed the stores onto their sons Jeff and his cousin Robert . Sadly the chain finally closed its doors shortly after Christmas of 2003. For me, it was another tragic loss of my childhood as the wonderful hometown I remembered slowly died one location at time.
When my aunt Arleen was still alive, she would often say, “Woolworth’s will have it on sale a little cheaper, but Lewis’ has it too, and we save time and carfare.” The point I’m trying to make is, we brought stuff locally. If you had to invest time and money hunting down bargains, often you were penny wise and dollar foolish. It was always better to buy local, and support small business.
Video killed the radio star
Video killed the radio star
In my mind and in my car, we can’t rewind we’ve gone too far – Lyics from the song Video Killed the Radio Star by the Buggles
The Internet is killing brick and mortar stores.
With the rise of e-commerce, traditional brick-and-mortar stores are finding it harder and harder to stay in business. Each year, more and more of the stores and chains we remember from our youth disappear, replaced by just a wisp of memory in the mists of our minds. There are many problems that arise from the convenience of online shopping. As stores vanish, you lose the natural competition for sales, the variety of goods and services, and the proximity of locations of these stores to your home. So you go back to the internet, pay shipping, wait a few days and maybe get the item as you thought you understood from its description, and a picture or two. Had there been a local store you could have shopped at, you might have had it that very day, and supported a local business for about the same amount of money when you consider the cost of shipping.
Caveat emptor! –Latin for Let the Buyer Beware
I’m not going to tell you that there aren’t great deals online, there are. But you really can’t judge quality from a picture and a few words of description. I read a story about a poor soul who lived in a foreign country. He read a 5-star review of a book on Amazon called Why Socialism Works by Harrison Lievesley. Rave review after rave review. The book costs about ten bucks. So this guy in Turkey though this must be a very interesting book, and paid very high foreign shipping for a book that is just a gag. Every page is printed with “It doesn’t”.
It is really not a good joke to have a book with emty pages just saying “it doesnt”. Price of book may be 8 dollars but it costed almost to 25 dollars to get it in Turkey. I am very frustirated with this cold joke –Kahraman Gürcanon February 22, 2018
I feel very badly for Mr. Kahraman Gürcanon, I feel his frustration. If there had been a local store he could have picked up this book, held it in his hands and saw what it really was, he probably would have laughed at the joke and put it back on the shelf. He got stung by too-good-to-be-true advertising. It happens. Occasionally, you get something really shoddy, BUT if you know what to look for, you can find amazing deals.
But all the best deals are online!
Recently, I rediscovered the joy of cooking. As a result, I ordered new cookware, and a new set of chief knives. The best knife in my kitchen was a used, like-new Chicago Cutlery 10″ chef knife. This blade is razor sharp, and finding it discarded at an apartment complex cost me nothing. I picked it up and put it in my truck, because I was afraid some child would come across it. Although I usually dispose of such things, this was a really good knife and throwing it in the dumpster seemed like such a waste. Seeing and feeling the quality of the knife really was instrumental in choosing to purchase a set of the knives. Sadly, they are made in China, but they are really great quality knives for the price and eventually I did find a fantastic deal online at Amazon, (but I wasn’t really actively searching for it). I did do a quick price check, saw that it was indeed a steal, and had free shipping to boot, so that cinched the decision. I have the 30 day free trial for Prime, so I’m getting free shipping right now. But paying for ‘free-shipping’ is only a deal if you buy often which I do not! Impulse buying is a great way to go broke fast. There is a difference between needing and wanting, and just because you want something doesn’t always mean you need it, or can even afford it. In such cases of wants, I save the item to my ‘wish list’ and check periodically for a price reduction or sale. Delayed gratification is the best way to hang on to your hard-earned cash. As Ben Franklin supposedly said, “The best way to double your money is to fold it in two and put it back in your wallet!”
Consider three things when purchasing an item:
- Cost– The price of the item is never the full cost. Are you supporting local commerce, or foreign? Is it a quality item, or a cheap knock-off? Was it made by well paid workers, or in a sweatshop? Are you going to use it just ONCE, or are you going to use it very often? Will it last? Does it have to be brand new, or will used be acceptable?
- Shipping – Does the price of the item justify the shipping fee? If you’re paying an annual fee to get ‘free-shipping’ is it really ‘free-shipping’?
- Time– Is it worth the wait, or do you need it right now? How much time are you spending hunting for that bargain?
“After a time, you may find that having is not so pleasing a thing after all as wanting. It is not logical, but is often true.” – Mr. Spock from Star Trek, season 2, episode 1 (“Amok Time,” 1968)
Comparison is the enemy of contentment.
Do you really need something just because your friend or neighbor owns one? I’ve only ever brought one TV in my entire life thus far. When I got my first apartment, I furnished it with EVERYTHING I needed or wanted. A TV was a MUST for a twenty-year-old. I threw that old set out years ago, but I never brought another. First off, I don’t nearly waste as much time in from of the ‘boob-tube’ as I used to. Anything I ‘need’ to see, I can always watch online somewhere using my laptop. The image is good enough for me. Yet I have friends who are on their 5th or 6th set, because TVs keep changing. The flat screens are getting bigger and bigger, HD is switching to 4D, curved screens, more hook-ups, better sound and resolution. Lower prices! Big sales! Act now!! I guess that’s great if you want to spend your entire life sitting in front of a screen living vicariously, but there is a whole wide world outside your window, and maybe it’s time to cut the cord. As always, I wish you happiness and success!