Tag Archive for 'Shopping'

Making the most of holiday gifting

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photo by weddingcakes

It’s obvious retailers are struggling this year, and the steep discounts offered on Black Friday are merely the tip of the iceberg this holiday season.  Come December 26th, retailers are practically going to give away their product in an effort to clear the shelves for spring goods.

So if you’re sticking with consumerism this holiday season, I say enjoy the religious traditions on schedule and then swap gifts come New Year’s Day.

A friend of mine from grad school introduced me this gift giving cost saver.  She swaps gifts with her friends and family AFTER the holidays are over. And her logic makes sense.

Whatever your gift giving budget, you get more for your money on December 26th.   You can opt to spend less for the same quality items you would have bought at full price.  Or you can opt to spend the same on much higher quality items.

For instance, in past years my favorite department store Lord & Taylor cut prices on their cashmere sweaters in half the day after Christmas.  With the additional savings you get with their coupons, you typically wind up paying about $60 for a $140 sweater.

With the retail sector in an especially difficult situation this holiday season, a $148 cashmere sweater is already marked down to $65.99.  You’ll probably be getting 2 sweaters for that price on December 26th.

That $65.99 will either cover both Grandma AND Aunt Betsy or you’ll be throwing in a scarf and gloves with Grandma’s New Year’s Day gift.

If you are partaking in gift giving traditions this season, make sure you make the most of the dollars you choose to spend.

What are your frugal gift giving tips? Share them here, or blog about them and enter to win a variety of prizes over at Broke Grad Student.

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12/13-12/14 2008: Annual Archipelago Botanicals Warehouse Sale

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THE ANNUAL ARCHIPELAGO WAREHOUSE SALE

DECEMBER 13TH AND 14TH

8:30AM-3PM. CASH ONLY.

1844 E. 22nd St, Los Angeles, Ca 90058

I typically buy candles for the year for under $50.

Last year I saved 90% off retail prices shopping this sale.

This sale will be back on Saturday 12/20

from 8:30am-4pm, same location


What Would Jesus Buy? Our obsession with stuff

A few months ago I posted a great award winning video, The Story of Stuff, which looks at consumer lifestyle in the US. Given the average American has more than $9000 in credit card debt, materialism is not a relic of Michael Douglas’s Wall Street.

But you have to wonder, where do people put all their stuff? I know a guy who collects Legos; he dreams of one day building a Lego master piece and is painstakingly collecting all sorts of special Lego pieces for this grand oeuvre. Where does he keep the thousands and thousands of legos he has amassed? In a store locker on the East Coast. . . seriously.

My friend is not alone. Alternet’s Martin John Brown writes:

According to the Self Storage Association, an industry advocacy group, square footage of rentable storage has increased 740 percent in the past two decades; a billion square feet of storage space was created between 1998 and 2005; and there are now 6.8 square feet of storage for every man, woman and child in America. Chris Sonne, a storage expert at Cushman & Wakefield Inc., estimates there are 45,000 storage facilities today compared to zero 50 years ago.

I’m flabbergasted that people buy more stuff than they have space for. If you aren’t going to use it regularly, is there really a purpose in buying it at all? When shopping for clothes I aways consider the price:use ratio. If it’s an item I’m likely to wear weekly, I can justify spending more for it. But to have boxes of household goods and clothing in storage for perpetuity? Why do you have that stuff in the first place?

Average tenancies nationwide are somewhere between one and two years, say Scanlon and Sonne, and some renters simply never leave.

“I have one renter who’s been here since we opened — in 1990,” says Dawn Spencer, a manager at Clackamas River Mini Storage outside of Portland. “He pays automatically, by credit card, never comes in. Lives in another state now.”

“It’s an industry that builds on inertia,” says Paul Adornato, an analyst for BMO Capital Markets. “People would much rather have $150 withdrawn automatically out of their checking account every month than have to wake up on a Saturday morning, rent a truck, move out the stuff, do something with the stuff … see what I mean?”

Our nation’s obsession with “stuff” is rarely discussed, despite its impact, which is why I so thoroughly enjoyed the documentary What Would Jesus Buy? The film documents Reverend Billy and the Church of Stop Shopping on their holiday crusade to get people to give more and buy less. (The group has officially been banned from Starbucks locations globally after taking their act to a Starbucks venue.) The films looks at the community impact of excessive shopping at discount retailers, as well as the financial and social effects of reckless consumerism. Their tale is easier to swallow cloaked in humor, but it does address the serious realities of our shopping culture.

Though we have 198 days until Christmas rolls around again, I highly recommend the film, perhaps partnered with a money party for your closest friends.

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