Would you believe me if I told you there is a woman who hasn’t bought anything new in five years? Well even if you don’t believe me, you’ll probably believe this story on NBCNews that talks about that very woman and her family.
Katy Wolk-Stanley is the woman’s name, and she has an interesting motto that she lives by. We as consumers can learn a lot from this little motto. It goes like this: “Use it up, wear it out, make it do or do without.” It might seem extreme, but it’s also a great way to get the most out of your money.
Katy has a point to her never-buy-new strategy. Buying used is a great way to save lots of money. If you think about it, a lot of the non-essential products we use don’t have to be new. We just like them to be. But that also means we spend a lot of extra money that doesn’t actually get us anything. For some reason we have no problem buying used when it comes to cars, but lots of other products we oftentimes scoff at if it’s used.
Another aspect of going the used route is that you often get to help out great organization like Goodwill and the Salvation Army. These groups sell used goods and clothing but also commit significant resources to helpful initiatives for people in this country. Nothing feels better for a consumer than saving some money while also helping their community!
So if you feel overwhelmed by the idea of buying all used goods, don’t just write it off as something you’ll never be able to do. Try doing it for a day, a week, maybe a month. That way you can see for yourself the savings you can accumulate and you might be able to cut down on your spending altogether. It’s worth a try, right?Back To All Consumer Resources