I’m a techie guy but I am not an early adopter of new technology- and, as a result, I’ve saved thousands over the years. I recently bought a 24″ LCD monitor for $250. A year ago the equivalent product was over $500. My new digital camera was $150; I couldn’t have touched its feature set a year ago for under $300. I’m pretty glad I did not buy the second gen iPhone for $300 a year ago now that I can buy it for $100…You get the idea.

There is almost always a buying option that delivers the same features and capabilities at half the price. Buying a 3 year old car coming off a lease is a great example. With less than 36000 miles this is practically a new car. Housing is another example- very often the same house in a neighborhood perceived as being less posh but actually no different in amenities and quality of life can save you hundreds of thousands of dollars.

I really don’t think there is an exception to this rule. In our society we are trained by marketing to buy based on desire and status and this results in recessions like the one we’re experiencing right now. When we want something so bad that we mortgage our lives to get it we are likely to eventually crash and burn. When we collectively mortgage our society to get things we don’t need, society will eventually crash and burn.

For most people, by the time we hit our forties we pretty much have everything we need. We’ve been accumulating both necessities and luxuries for over twenty years. It’s now time to look at what we have and what we want and make adjustments. Get of rid of things you don’t need. If there are things you always wanted to pursue like learning new skills or traveling, then look at what you spend your time on and adjust so you find the time you need to follow those pursuits. Downsize anything you can and put the dollars you save to working improving your life.

It’s not rocket science. When I moved to a less expensive but nicer apartment I realized a lot of things. I wanted to go to NY more often to see art and enjoy the city. With the money I save on rent and utilities I can add a NY trip in six more times a year- or travel for a month! This is an incredible improvement in my lifestyle without spending any more money.

We live in a society where upgrading generally means paying more but also getting more, a logical path in capitalist societies. I am a believer in capitalism because we’ve seen over and over that without some kind of incentive people tend to under-perform- vis a vis the Soviet Union for example. This is not at odds with my stance on stuff because regardless of how idealistic I might be (not very, to be honest) I know that we’re unlikely to be happy living in a cave wrapped in a smelly bearskin.

The paradox is that quality of life is not in any way based on how much you pay, if you take the time to make good choices. As I’ve written about I recently made a move to save some money on housing costs. I looked at a lot of apartments and chose one of five I looked at in the same building. When I made that choice several weeks ago I probably spent all of five minutes in the apartment I picked. I really couldn’t remember a lot of details about it and was keeping my fingers crossed that I had not made a poor decision. Given that I was paying several hundred dollars less than my previous place I expected compromises when I actually saw the place after committing to it.

Long story short, it is much nicer than my last place. This got me thinking about choices when we acquire things. I shop every week at our Public Market on Saturday mornings. It is more than shopping, it’s like a village market day where you know the vendors, familiar faces are everywhere and sitting at one of the cafes means carrying on a steady stream of conversations. Don’t get me wrong- this is not some idyllic West Coast town. Our population is over a million, the market is large and filled with a lot of Chinese container junk in addition to the fruit, fish, flower and meat merchants and the neighborhood where it is located is riddled with boarded up houses- you’d avoid it on non-market days. However the shopping is far better than our local groceries (Wegmans) which are widely heralded as the best in the country, and far cheaper.

Examples abound. A small well-designed and built house can be a better place to live than a MacMansion knocked together by drunken contractors whose only quality criteria is how fast they can work. My 2008 Civic is a better car than my 2004 Accord which was a very good car- and the Civic was $5000 less and gets 6 miles more per gallon, saving me even more money.

Electronics are another example. I replaced a company-supplied top of the line MacBook Pro with the cheapest plastic MacBook when I left that job. I see very little difference except for the screen being smaller and the Macbook weighing a lot less. MacBook Pro= $2600, MacBook= $1300.

So housing, food, transportation and tools can all be had for much less, with zero sacrifice, if you change your perspective about how you make buying decisions. It’s not rocket science and it can be a lot more fun- when is the last time you looked forward to grocery shopping?

Going to try Kottke style…

Simple device increases diesel engine efficiency by 19% for less than $200.

We’re trading carbon credits in NY now. Going for $3.07 per ton….

Here’s how they fall:

• Rising gas prices cause Americans to drive less, a lot less. In April it was 1.8% less, in May 4.3%. 40 billion less miles this year.
• Less driving means less gas purchased
• Less gas purchased means lower tax revenues from gas taxes
• Gas taxes are commonly used for improvements to transportation infrastructure including desperately needed public transport systems, bridges, roads, etc.

Just another example of how our economy was built to support oil companies on every level, to the point where we cannot extract ourselves without major sacrifice.