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Re:Ask HN: What do you believe that most people don't? by cerberusss on Thursday May 24, 2018 @04:04AM (#17142012)
Yeah, I agree. Psychologically, I found it's easiest to simply not use raises in income.
Re:Ask HN: What do you believe that most people don't? by charlesdm on Thursday May 24, 2018 @05:18AM (#17142349)
Well, I think you need to find a balance. Don't blow through everything, but also enjoy life because you only live once.

I know guys who save up to the last penny to try and achieve financial freedom. It's infinitely easier (and more efficient) to try to make more money than it is to, for example, not buy the occasional starbucks coffee.

Re:Ask HN: What do you believe that most people don't? by presidente20 on Thursday May 24, 2018 @05:48AM (#17142494)
That's right. The approach that works for me is optimising top-down. Save on the big expenses (accommodation, car, groceries) which requires planning and System II thinking. Try and save on the smaller stuff but as you're fighting your impulses (under social pressure, marketing influence etc) its much harder, so go with the flow.
Re:Ask HN: What do you believe that most people don't? by charlesdm on Thursday May 24, 2018 @06:08AM (#17142594)
Yup, exactly my line of thinking!

As an example: I had the opportunity to take over a very nice corporate car of a friend at a ridiculously low price (for a variety of reasons). Basically I managed to purchase at half the actual value of the car -- it was a few years old but looked almost new and had super low miles. It was in perfect condition.

I could've bought and sold it on the spot for close to double the price I paid. But I'll drive it for a few years and likely be able to sell it for close to the same price I originally paid for it. Others go buy a new car, take a massive depreciation hit, and in the end spend tens of thousands more.

The expensive tickets are worth focusing on. Then go drink all the coffee you want.

Re:Ask HN: What do you believe that most people don't? by tonyedgecombe on Thursday May 24, 2018 @12:24PM (#17145577)
It depends, if you are in a minimum wage job then absolutely try and raise your income and improving skills is the obvious way to do it.

On the other hand if you are already progressing through a career I suspect it's easier to trim spending than work further up the ladder.

The Starbucks thing is a red herring, most people overspend on cars, housing and food.

Re:Ask HN: What do you believe that most people don't? by charlesdm on Thursday May 24, 2018 @04:20PM (#17147999)
One can literally not overspend on food. Good food (i.e. fresh fruit, vegetables, good meat and fish, etc) are 100% worth the investment in my view. But to each their own priorities in life.
Re:Ask HN: What do you believe that most people don't? by tonyedgecombe on Friday May 25, 2018 @01:56AM (#17150967)
You can definitely have a healthy diet on a budget.