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453
(42 votes, average 2.64 out of 5)
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Shopping -
Everything Else
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Written by the frugal nomad
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Tuesday, 27 July 2010 03:11 |
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A lot of great business ventures are based on a simple creed - ‘Create a Need and Fill It’ and it works every time. Throw in a little marketing and some slick packaging and consumers will beat a path to your door. Try this experiment - take a leisurely walk around your supermarket and don’t buy a single thing. Just make random mental notes of all the products you have no use for. Most likely, you wouldn’t even consider buying most of the products on display. Pay close attention to the spice rack. Unless you’re a gourmet chef, you probably won’t recognize half the names. Just pronouncing some spice names can be an ordeal. So many spices - so little time.
If you have another afternoon to idle away, spend it at your local discount pharmacy. Look at the choice of hair care products. How do people manage to arrive at a decision on the perfect shampoo and conditioner? A full disclosure is warranted - I use Johnson’s Baby Shampoo because I figure if it can’t harm the kids than it can’t possibly damage my bald spot. I never use conditioners because I’m not sure exactly what they do and, frankly, I’m concerned they might have a detrimental effect on the size of my bald spot.
Which brings me to the point I’m trying to make; there are so many products out there that frugal consumers can do without. Here’s my list of 12 Things I can do without. I hope your list is even longer.
Editor's Note: I implore anyone that is age 12 or older to ignore Frugal Nomad's advice on #9. It's a small price to pay for your fellow man.
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Read more: A Dozen Things You Can Definitely Do Without
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427
(10 votes, average 5.00 out of 5)
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Shopping -
Everything Else
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Written by Ahmed Amr
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Friday, 02 July 2010 03:38 |
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When it comes to consumption, we’re all sinners to a certain degree; but some people are incorrigible. Consumers literally piss away hundreds of billions of dollars every year. There are thousands of thriving enterprises that make it their business to take full advantage of our collective consumption habits. Retailers and finance companies study us like lab mice and take full advantage of the predictable behavior of the average consumer. They probe us for our weak points and develop pricing models and sales strategies to make a buck from our follies that they obviously know us better than we know ourselves. From their perspective, the ideal sucker consumer exhibits many of the following traits:
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Read more: The 10 Costliest Consumer Sins
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424
(11 votes, average 4.73 out of 5)
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Shopping -
Everything Else
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Written by Ahmed Amr
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Monday, 28 June 2010 03:35 |
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I got to thinking about this article when I had to part with one of my pillows. People don’t pay near enough attention to their pillows and finding myself in a situation where I was obliged to go shopping for a replacement, I decided to find the best deal possible. The variance in prices on pillows is amazing. You can spend anywhere from eight to a hundred dollars for a single pillow. Much of the price differential is justified by the quality of the pillow, the brand name and whether it’s synthetic or made from cotton. But the biggest variance depends on where and when you buy it. If you’re replacing three or four pillows, shopping around for the right price on this one item can save you hundreds of dollars.
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Read more: 10 Things You Should Only Buy at Deep Discounts
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379
(13 votes, average 4.00 out of 5)
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Shopping -
Everything Else
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Written by Ahmed Amr
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Wednesday, 26 May 2010 04:27 |
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If there is one economic issue that drives me up the wall it has to be the trade deficit - not just its size but the fact that we talk so little about it. Maybe you don’t pay attention to the trade numbers, but I am sure you've noticed that most every consumer good on our shelves is made in China or East Asia - including American flags. Contrary to popular belief, the United States is a trading wimp that has run up trillions of dollars in trade deficits for thirty consecutive years. The evidence of our lack of competitiveness is littered in thousands of blighted communities from sea to shining sea that have been devastated by the loss of millions of manufacturing sector jobs since 2000. There’s a word for that - de-industrialization. If you want to rub a little salt into our Great Recession wound, here is little factoid that might shock you; the U.S. ran a trade surplus in nine of the 10 years of the Great Depression.
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Read more: Ten Ways Patriotic Consumers Can Shrink the Trade Deficit
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368
(12 votes, average 4.33 out of 5)
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Shopping -
Everything Else
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Written by the frugal nomad
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Tuesday, 18 May 2010 02:54 |
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There must be a thousand rackets out there to fleece consumers out of their hard-earned dollars. Everybody gets ripped off. It’s nothing to boast about but I’ll admit to being a victim to half of these scams. We’ve tried to whittle it down to the dirty dozen - the ones that should be considered high crimes and misdemeanors - highway robbery by any other name. OK, a few of these might not rise to that level, but they'll still put a dent in your wallet.
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Read more: Everyday Rip-Offs - The Dirty Dozen
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