Posts Tagged ‘ Rich Dad Poor Dad ’

The Best Time Of The Month To Buy Stuff Cheap

Saturday, January 25th, 2014

3 years, 2 months.

Dear Jack,

To say we are a frugal family is an understatement. While some might consider the term “penny pincher” as an insult, I would take that as a compliment.

For the fact we don’t have smart phones or cable/satellite TV, it sets us apart from mainstream America. I realize that.

It means we’re a bit removed from modern technology and entertainment; and to a degree, we’re a bit removed from society, as well.

But on the flip side, we get to put that money in savings each month; which will help with down payment for the house we plan to buy later this year…

I actually consider being frugal as one of my hobbies. I know I’ve mentioned it before, but Mommy and I worked our way out of nearly $60,000 of debt and become debt-free last summer. There’s no way our perspective on money can or will ever be the same. 

So I’m always looking for tricks that will help us save money. One example is knowing when not to buy retail items; and more importantly, the best time to do so.

My full-time job is in the HR side of freight logistics for a transportation company. Yeah, I know that sounds pretty random, but it’s a real thing; and it’s the main way I contribute to our family’s income.

I know that the next-to-the-last Tuesday of the month, until the first Monday of the next calendar month, is the best time for people to buy stuff cheap. I see it happen every month at my job; enough so that I predict logistics decisions based on that concept.

During that two week period, stores drop their prices in an effort to move the product out before the new month begins, which helps them avoid having to pay taxes on the merchandise they don’t sell by the end of the month.

That is why yesterday, our family met up at Old Navy after work and school. “Good Freight Tuesday,” as I call it, was just a couple of days ago. This is the best time of the month to buy retail products.

So we did.

We found the best items on clearance; as the store wants the “old stuff” off the racks to make room for the new stuff for next month, which begins next week.

Here’s how I look at it. I don’t want to be the sucker who pays full price for anything… ever.

One way I can accomplish my goal is to only shop for merchandise once the next-to-the-last Tuesday of the month occurs.

(I also recognize the importance of shopping for seasonal and holiday items after the season or holiday is over, or coming to an end.)

And just as important, I avoid doing any shopping, other than food and gas, during the first two weeks of the month, when stores are in no hurry to clear their shelves.

While we’re not eager to buy a new car, I will keep this in mind the next time we do; hopefully years from now.

If at a dealership, we will go during the last two weeks of the month, when I predict the salesman will be more desperate to meet his sales quota.

I feel that money management lessons are one of the best gifts I can hand down to you to eventually prepare you to adulthood, as the book Rich Dad, Poor Dad teaches.

So stick this lesson in collection: Don’t buy stuff until the next-to-the-last Tuesday of the month.

 

Love,

Daddy

 

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Vacation Destination: “The Snow” To See Santa Claus

Wednesday, September 4th, 2013

2 years, 9 months.

Dear Jack,

I’m going to start paying better attention to the class collaborations hanging up on the walls of your classroom.

Even though I receive your art work and other projects each week from your teacher, I don’t necessarily always see the group work unless I make an effort to look for it.

So here’s your latest contribution:

Your class was asked, “Where do we want to go on vacation?”

Maybe it’s just me, but I feel like your answer was a bit different than your classmates’ responses…

While your friends all replied with classic (and by that, I mean normal) answers, you said you want to go to the snow to see Santa Claus.

It’s impossible for me to not think that’s hilarious.

First of all, we haven’t even talked about Santa Claus since… last Christmas?!

So I’m really curious how the thought of Santa suddenly surfaced in September.

Next, I like how “the snow” is simply the location of Santa Claus.

Then, building on that, is the fact that you’re being very proactive about your mission. You don’t have time to wait for Santa to come visit you and bring you toys! No way. You’re going straight to him.

Lastly, I laugh because once you travel to “the snow” and find Santa, then what? How long until either A) he gives what you really came for, which is gifts or B) you just straight up ask him for the gifts you came for?

Forget about the zoo, the beach, or the measly park. You want to go to extremes for our next vacation.

And I respect your plan. It comes across as very… entrepreneurial. That makes me proud, having recently finished the top-selling book, Rich Dad, Poor Dad by Robert Kiyosaki.

Well, Mommy just informed me today that for our next vacation, in June 2014, we’ll be going to Lake Tahoe.

For what it’s worth, there’s definitely snow there…

 

Love,

Daddy

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