Monday, March 24, 2008

Stretching vs. Saving

We all say things like “I saved $10 on these shoes.” But everyone knows we didn’t really “save” any money. At the end of the month we won’t have an extra $10. What we should say instead is “I stretched $10.00 on these shoes.” That explains what really happened.

The idea isn’t that we actually saved any money. What we did was stretch our money. We took that $10 and used it to buy something else. Stretching enables us to meet our needs with less money. I don’t have money left over from stretching because I used it to improve my lifestyle instead. Our budget is uncomfortably tight right now. This weekend I found a way to stretch about $20 a month at our favorite restaurant. I’m excited about this because it will mean we get to go out to eat an extra time. I’m not going to fool myself into thinking we will actually save any of that money.

3 comments:

JB said...

This makes a lot of sense to me. My fiancee stretched $96 the other day at Gordmans! It was actually a really good deal... she got like 6 shirts for our daughter for $11.

Lynn said...

I've never heard of stretching money, but that's what we do too. I always wonder where the money went that we "saved"....it's supposed to add up, but we never see it again. As long as nothing catastrophic happens, I guess we will survive.

Seb said...

I like that term... it makes more sense than saving, since odds are you're going to spend the difference anyway.