Thursday, 23 August 2012

It's Back to School (Again)!


As the summer winds down, our attention now turns to school and the buying frenzy that ensues with this annual event.  Last year’s inventory, it seems, is obsolete, not worthy of using, wearing or mentioning.  The closet is bare and all the personal devices we own are now obsolete.  Of course, this is not true.  Some clothing needs replacing, perhaps, and a new laptop is in order, maybe.

We live in a modern society driven by incessant advertising and a consumer mentality. No matter where we go, the media is  always there reminding us that who we are or what we have is simply not good enough.  Something newer, bolder and more up-to-date is waiting for us. We’ll be happier when we make the change.  The euphoria of the purchase is short lived, however. We finally realize that our life is still the same but now the money is gone for the needs of a family pet, household bill or groceries. We cannot afford it- now.  We just spent a lot of money on a few things that, at the time, seemed very important. 
We assess the inventory for the start of a new school year-for us and our children. Little boys, naturally, outgrow their clothing more quickly than little girls.  Clothing becomes discoloured, worn, in need of repair.  If we have spent $200 in a two hour spree on an incredible array of stuff for school, remember one thing, can we earn the same amount of money in the time we took to spend it? Naturally, the answer is no for many of us, myself included.  It is, therefore, incumbent upon us to be very careful to save in other places, cutting down on unnecessary spending in readiness for the next big spree.  We must not spend our future and our children’s future in order to satisfy a primal need now. Nothing, absolutely nothing, we could ever buy is worth placing ourselves in financial jeopardy - ever!

As a teen in the late sixties, I fell in love with a pair of expensive leather patchwork shoes while ‘window’ shopping in downtown Toronto, during a break from class. Those shoes made an impression on me, instantly. But, I could not afford them.  I was a full time student and had worked during the summer saving most of the money for my  school expenses - Ryerson tuition, textbooks, subway fare, and other incidental costs.  Part time jobs were few to non- existent.  Living at home helped greatly to reduce the costs associated with a post secondary education.  Shoes were not a priority.  So I did the smart thing: I would visit these shoes at the store, akin to visiting animals at the zoo.  Eventually these ‘visits’ helped erase the image of those shoes from my mind.  It is amazing how a simple, disciplined act can change a habit that is habitual! ... The shoes were a want, not a need... Other things were a priority.  Shoes were not!

Not giving in to buying impulses saves us money, tenfold.  We begin to establish a pattern of looking, not buying, whenever we go shopping, gaining insights into our shopping behaviour and understanding the repetitive nature of the shopping experience... It never ends... Be ever so careful when you part with your hard earned money.  The marketing machine is relentless in protecting its bottom line.  Make sure you are doing the same.

Back to school can be an exciting time. It occurs every year for many of us, for a period of time.  Then reality sets in, changing some or all the rules of the game.  Be ready with a sound budget that allows for life’s surprises. If you missed out on a bargain, you were not meant to have it.  There is tomorrow.  You will be fine. The time spent not buying is a cathartic experience.  It reminds us that our closet is full and our personal devices, O.K. -  for now, anyway.     

 

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