My favorite warehouse store’s website business recently had a sale on bathroom products. A $45 discount on a purchase of at least $150, with free shipping. That’s a good time to stock up on always-needed products with a long-shelf life. Thus, I bought not one, not two, not three, but four 36-roll packages of toilet paper, along with a few other necessities. Stocking up when prices are low is one of the best ways to make more efficient use of money. What other investment is 100% guaranteed to turn $105 into $150 over the time it will take to use my stash of TP? It’s possible to get results like that in the stock market (3 years of compounded 13% returns would do it), but there’s no guarantee.
154 Rolls of Toilet Paper
More of Doug's Ways of Saving Money
$10 For An Electric Mulching Lawnmower
Over the last couple years I’ve rolled home 2 or 3 lawnmowers whose owners placed them on the curb on trash-day eve. Upon finding no […]
What are Stocks? Bonds? Mutual Funds? Index Funds?
In an earlier post, I wrote about index funds and why most of my retirement savings are invested in index funds. Here I want to […]
Einstein, Algamish, and Compound Interest
Albert Einstein probably never said, “Compound interest … one of man’s greatest inventions.” “The most powerful force in the universe is compound interest.” “Compound interest […]
Don’t be Embarrassed to Save Money
Thorstein Veblen was an economist and sociologist who coined the term “conspicuous consumption” several decades ago. Conspicuous consumption: spending money just to publicly demonstrate wealth […]
No Hot Water Not So Bad (in the Summer)
The gas company has been installing new gas meters on my street and because of some miscommunication (probably someone in my house not paying attention […]
DIY Washing Machine Lint Trap
It’s a good idea to prevent lint from going down the laundry-sink drain. You can get lint traps that attach to the end of your […]
