Frugal Printing, Is It Possible?

IMG_1490.122104112As a child I recall the promise of a paperless society. What ever happened to that idea? It seems as if the technology to bring us the paperless society has in fact made it easier and more convenient to print more than ever.

Where the line between needs and wants use to be very clear, in today’s society that line has blurred. For most of us, the thought of a home PC without a printer for our convenience seems ridiculous.

Recently I was in a local office supply store on another errand. The store had changed somewhat since my last visit. This including moving all printer inks to one large section. I stopped to contemplate the options for a cost conscious shopper in need of a new printer.

On occasion we’ve all heard comments from people about the expense of printer ink. We joke about the conglomerates that suck us in with the cheap printer only to rip us off with overpriced printer ink. Is that really true? All it takes is a different perspective on pricing to learn that some of us are paying as much as $4000 per gallon in printer ink! With that kind of mark-up you would think they would give us the damn printer!

Once I learned of the true cost of ink, how could I not take measures to reduce our use of ink? We made some easy changes to the printers default settings. This has cut our ink expense by half for the black ink and over a third for the color ink. On the one hand if feels good to know that five minutes with the manual can save significant money, on the other hand it is frustrating to think how much I have already wasted in the past.

With so many printer choices I began my quest with an inquiry to the store associate working in the area. Interestingly, when asked, the clerk threw out several “economical” options. He then when straight into is employee role (his trainers would have been proud) of selling me on the features and benefits of 2 brands heavily promoted by the store.

After clarifying that I wasn’t buying a printer today, nor cared about features, did he hear that I was looking for inexpensive ink. The clerk scanned the shelves, mumbled a couple comments under his breath and eventually picked and presented a black ink cartridge that cost $14.99. Like too many consumers he looked for the lowest price listed, not necessarily the most cost-effective option.

To illustrate, the packaging on this ink indicated its printing capacity to be 200 pages. Working the math we learn this choice will cost $.075 per page. But is that a lot or a little? I began randomly pulling other inks off the shelf to calculate their relative cost per page. Surprisingly a number of them failed to list on the package how many pages each cartridge was capable of printing. I can’t help but wonder how expensive it really gets!

The task to find the best choice was challenging due to the number of choice. Among the hundreds of choices there were only a few brands. Each had dozens of options for the various printers they have sold over the years. My goal was to find the most economical choice, after calculating several inks which all fell in the .06-.12 the clerk mentioned one more brand, almost as a afterthought.

Hidden between all the bright and colorful boxes, down low on the shelf were a couple of oddballs, Kodak ink. Kodak, it would appear, have taken a different approach. Instead of dozens of different cartridges, they have basically one standard size for all printers. The standard Kodak black ink cost $9.99. Based on its published capacity of 425 sheets this would work out to $.023 per page.

How often can you save 70% on a consumable? This is a huge difference.

Readers: Do you own a Kodak printer and do you like it and what do you think about it? What other steps do you take to reduce your printing costs?

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Daily Yakezie Short Carnival

Are Taxes In Canada Really That High?
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But I Don’t Want To
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These posts have been chosen as one of their best post by the bloggers who submitted them or hand selected. Please check out each of them and let me know what you think!

A Thought Experiment - Changing Roles

2418695_3600b4cab5It is said that half of all divorce in this country is due to money. Of the remaining marriages, there are often at least some underlying tensions due to income inequality, financial management or control issues.

Which side are you on? It is rare that both spouses make the same money. You may be the stay at home mom that sees it as the husband’s role to make the money and your job to save the money. You struggle to make every dollar go farther. Every purchase decision is carefully considered.

Spend some time in an upscale restaurant near a mall and you will get a glimpse of the other wives, the ones that say “what is yours is mine, and my job is to spend it.” They cruise through their errands in their new Beemers and Benz’. Shopping bags are piled in the back as they continue their mission to consume.

According to the Bureau of Labor Statistics, as late as 2006, 26% of men were not the breadwinners in their homes. Personally this sounds like a dream come true, but the research shared by CNNMoney.com says that men in this position are often unhappy. Oddly, even when the women become the breadwinners, we men are not picking up our fair share of the housework. (You are making us look bad guys!)

Of course we also have the most common situation, where the husband is primary or sole income earner.

How do you feel about the differences in income between your and your other half? Are your financial management skills equal or is one of you carrying the full burden?

Guilt weighs on some spouses for not contributing “their fair share.” Others are riding the coattails of their spouses success for all the fun and glory they can!

What would it be like to change shoes with our significant other? What would you do anything differently in their shoes?

I can imagine. My wife had a strong work history before staying home. She has also been active in the community and PTA organizing events, managing people and thinking on her feet. I could see her back in the professional world. (hint, hint dear ;-) )

What would it be like to see my wife get up early everyday to leave for the office? OK, so this is a little selfish, but at first, I would love it! After over a decade of leaving the house when everyone else is still in bed, it would be a pleasure. At first.

Over time however I don’t believe the domestic life is for me. The kids are getting older and are developing lives of their own. While avoiding commutes and business travel would be a welcome change, vacuuming would get old real fast. No more meetings would be fabulous, but the routine tasks and roles of a home maker would leave me unfulfilled. I know I need more challenge and more variety.

While I could imagine my wife working, I cannot imagine myself doing as good a job at home as she does. In fact, I would be proud if I could do half the job. The only thing I would do differently is blog and/or start a small at-home business.

What would it be like to go from home maker to breadwinner? While an honor, the responsibility for supporting a family can be a huge emotional drain. The knowledge that the quality and future of your families health, nutrition and education lies solely on your shoulders can induce significant stress. If you are not currently the breadwinner in your home, what would you do differently if you were in our shoes?

If you like to be challenged to see things with a fresh perspective, if you like to learn new ideas and different concepts, sign up for my RSS feed or enter your email address here to receive updates directly to your in-box.

photo by emdot


Daily Yakezie Short Carnival

The Special That Sucked Me In
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The Relative Cost of Things
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These posts have been chosen as one of their best post by the bloggers who submitted them or hand selected. Please check out each of them and let me know what you think!

Nothing Is Free - Everything Costs

2287335583_e566a357c0The average family spends 9.4 cents each minute. That’s right, everything; the wife and kids, the house and car, the dog and cats along with taxes and utilities all combined costs a grand total of nine cents a minute.

Just to save the slow pokes a few keystrokes we spend about $49,638 per year supporting our families and enjoying a few extra’s.

Advertisers have a unique ability to create the perception of free. We see commercials for free annual credit reports. We see placards at the grocery store that state “buy one get one free.”  Yet in reality the annual credit report comes with a monthly service charge for credit monitoring and the you don’t really get any products for free you just get two items each for half price.

It is said by some that nothing in life is free. Few of us really believe this. However few of us really consider the expenses we incur to simply exist. The average family spends nine cents every minute.

Some costs are obvious and front of mind. When you stop to fill your tank twice a week you may ponder the ever rising cost of gasoline. “What happened to the days you could get a gallon for under a dollar?” In comparison to the old days, today’s average of $2.70 per gallon seems like a lot, especially when you fill your eighteen gallon tank. Fifty dollars for a tank of gas is easy to get emotional about, its tangible and it is frequent enough that these costs remain in focus.

On the other end are the more intangible and infrequent expenses. Something like term life insurance would be a good example. What do you have to show for your purchase? All you have is some documents and peace of mind, its real value is not revealed until you have passed. You may cringe when you make that annual payment but for the other 364 days of the year you may rarely consider it. Your single payment is spread to cover you for the entire year.

The frugally minded make wonderful suggestions to live a more cost conscious life. For frugal family entertainment they might suggest a day at the park having a picnic. While this may be a more frugal choice than others, it can illustrate that life costs more than we think.

How much does it cost to go to the park for a picnic? Our first thought is that it is free. But we do have to pay for the food. You may argue that the food expense would exist regardless of where the meal is enjoyed. But a picnic requires some additional supplies and materiel. In addition, transportation to the picnic and back requires fuel and maintenance of the vehicle. With this example we see that our true cost of the picnic is not limited to what we eat or just the park.

What if, instead of a picnic, you decided to skip lunch and sit on your porch? Your costs would go down, but not completely away. When we say nothing in life is free, from a lean perspective we really mean nothing. Everything you do and every minute you spend has a cost associated with it. While it is sometimes difficult to calculate the exact value, expenses exist, regardless.

While sitting on your porch you may be spending less than you would on a picnic, but still spending you are. You’ve paid your rent or mortgage for the month, some of which is paying for the few minutes of time you sit on the porch. You’ve paid your utility bill so you can enjoy a porch light to read by and you have stocked your refrigerator so you may quench your thirst. Each of these have a cost associated with them.

Every moment of every day you are incurring expenses. We may only make one payment each month for our mortgage or utilities but the benefits of these are utilized continuously; 24/7. Can you control this expense? At nine cents a minute is it even worth it?

The answer is a resounding YES! In our house nine cents a minute covers 4 of us. Nine cents every minute for an hour costs five dollars and forty cents an hour. Each day our life costs us one-hundred and twenty-nine dollars. Each year, nine cents a minute totaled up costs just over $49,000!

Save just one cent, just one little penny each minute and you will have an extra $5,276 to invest into your future.

So tell me, what can you do to reduce expenses by just 1 cent per minute?

If you like to be challenged to see things with a fresh perspective, if you like to learn new ideas and different concepts, sign up for my RSS feed or enter your email address here to receive updates directly to your in-box.

photo by my dog sighs


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These posts have been chosen as one of their best post by the bloggers who submitted them or hand selected. Please check out each of them and let me know what you think!

Thought Experiment - Retirement Dwellings

Einstein was famous for many things including the theories of general and special relativity. I also learned that he was known for using a technique to dream up the answers to his questions of the universe, called “Thought Experiments.” This series takes the concept of thought experiments to different places. Today’s thought experiment is Detroit!

Some of us run comprehensive calculators to determine how much we need to afford the retirement of our dreams. Others live life with faith alone that we will arrive in retirement properly prepared. Yet neither approach guarantees success. None of us can predict all the events that will build our ultimate retirement.

How many were prepared for the Market Meltdown of 2007? Thousands of baby boomers had to alter their retirement plans unexpectedly. Sadly, many of these no longer see retirement as even being an option.

According to AARP, for example, the average baby boomer holds two-thirds of their net worth in their homes. When real estate prices collapsed, their dreams of retirement did as well. Million continue to face foreclosure or have already lost their homes. What many boomers perceived as the very lifeboat of their retirement became the anchor that dragged them back towards poverty.

How can you prevent this from happening to yourself? Diversification is the only protection. As long as your home represents the majority of your wealth, you risk catastrophic loss due to real estate market fluctuations. Conceivably, guaranteed protection would only be possible if your home represented a small portion of your overall net worth.

Today’s thought experiment, how frugal of a home could you retire in? So what are the options?

Frugal Living, Retirement, Saving, Money, Investing

photo by tobyotter

Living off the land -This is not for the squeamish or the lazy. It is the ultimate in frugal living and convenience-tax free, but it does come with a price, labor. This approach will require a completely different skill-set. If you are serious, check out this homeless survival guide for some good tips.

Being homeless you can live in or under public buildings and structures. Some of proven resourceful enough to find shelter in drainage pipes, tunnels, and caves.

photo by bothered by bees

photo by bothered by bees

Portable Living – Portable living gives you several low cost options to lodging. My personal preference would be a decent strong-hulled sailboat. Boats can be more frugal than you think. While the boat itself requires continued maintenance, it is hard to spend money when you are not on-shore! If the water is not for you, there are some great deals on used recreational vehicles from small pop-ups to the giant diesel pushers. Land or water, the price of these housing options can be extremely frugal or get out of control very quickly; tread lightly and be well-educated before committing.

Retirement Living, Money, Saving, Investing, Frugal

photo by nicolas boullosa

Minimalist Construction – Minimalist homes come in all shapes, sizes and of a range of materials. Even old shipping containers are being turned into houses. Some amazing dwellings have been built in trees or on trailers. If you can find enjoyment in cramped quarters or spend the majority of your day outside this may be an ideal low-cost option.

Renewable Construction – If alternative living situations and the minimalist approach are not up your alley, there are frugal options to building your dream-home. While many look down on the idea of a home constructed of rammed-earth or adobe, the reality is these kinds of construction methods have housed our ancestors for thousands of years. In fact, earthen homes have proven their ability to outlast conventional stick-built homes.

Log cabins when properly constructed have also passed the test of time as have sod, bamboo and straw-bale construction. Just make sure your material of choice is suited to the environment in which you build. Some of these materials can be obtained for little or no cost. With sweat equity, some of these homes could be built for price of utilities, appliances and fixtures.

Reuse Construction – As cheap as homes are in Detroit (Another Thought Experiment), it is conceivable that the right purchase could be disassembled and all material reused in a location of your choice. OK, so this idea is a little extreme, but homes have been built from old wine bottles, tires, and yes, even from torn-down homes. The key here is free materials, the more you don’t spend on materials, the more you have to fund your retirement.

Existing Construction- Like Detroit, there are locations around the globe that have very low cost housing options. In the past I have considered Caribbean or Central American locations while some Eliminate the Muda readers have recommended Bali.

For some of us, leaving the U.S. is out of the question. Just because it cost hundreds of thousands to build an existing structure does not mean that you must pay full price. On the other hand, you could spend all the money (someone else’s!). If you could find the right multi-family housing unit, rents could cover your living expense. You may also enjoy the benefit of a positive cash flow to supplement your retirement income.

In the end, low or no cost house leaves you with more liquid assets to invest or finance your retirement living.

Readers: How about you; are you taking one of these approaches to frugal living or do you have another idea? If not, when you do need the money there will always be the reverse mortgage option!

If you like to be challenged to see things with a fresh perspective, if you like to learn new ideas and different concepts, sign up for my RSS feed or enter your email address here to receive updates directly to your in-box.


Daily Yakezie Short Carnival

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These posts have been chosen as one of their best post by the bloggers who submitted them or hand selected. Please check out each of them and let me know what you think!

The Hitchhiker's Guide To Dealing With Financial Catastrophe

MoneyDon’t Panic! Words to live by. Virtually any financial challenge that you find yourself in can be dealt with. The key is to not panic. When we panic, it simply makes the problems appear worse and may lead to a belief that our problems cannot be solved. When we have lost hope we also loose our motivation.

Take Responsibility

When faced with a financial challenge our first step is take responsibility. For most of us, we can only blame ourselves. It was our own bad decisions, lack of decision or poor spending habits that fueled our problem. Some of us arrive in hell through no fault of our own; a major medical issue, a job loss or other mishap. But then how many of us are prepared for the unexpected?

This post was listed in the Carnival of Debt Reduction. Please take a look for other great articles!

Whether we got ourselves into the mess or not, now is time to get out of it. Putting it off only allows your issue to grow worse. By all means, please fix it yourself. Delegation of distasteful tasks only increases the potential for communication errors and delays.

Commit Yourself

Commit to finding a solution. For virtually any challenge there are options to be explored. It may not be easy or painless but a solution likely exists.

Resolving your financial catastrophes may mean serious sacrifices on your part. Unexpected financial challenges are something none of us wants, so let’s make it a priority to address it.

Develop A Plan

Before you can address any situation you must first fully understand the situation. If you are in debt up to your eyeballs because of a drunken spending spree then you better quit drinking. For most there will be multiple factors that must all be addressed. All potential causes should be thoroughly examined.

Once you fully understand the current situation, you must establish a plan to address it. Recovering from identity theft would be a different animal than an unexpected household expense such as an A/C replacement. In any case, it might be best to establish S.M.A.R.T. goals to hold yourself accountable.

Stay Focused

Once you have a plan in place and begin implementation, you must follow through. Knowing fully that there will be new obstacles in front of you, setbacks are likely. How you handle each of these events will determine how quickly and how effectively you achieve your final goal.

Avoid Insanity

My favorite saying from Einstein – “Insanity is doing the same thing over and over again and expecting different results.” Having suffered the burden of an unexpected challenge you may be able to leverage the experience to prevent a re-occurrence. Taking the time to understand the events leading up to your challenge you may be able to establish safeguards to prevent from having to deal with the problem again.

And please, do not forget the most important tool of all. A Towel!

Readers: Do you handle the unexpected well? Can you stay rational in stressful situations or are you more willing to pay a premium to get someone else to handle your problems for you?

If you like to be challenged to see things with a fresh perspective, if you like to learn new ideas and different concepts, sign up for my RSS feed or enter your email address here to receive updates directly to your in-box.

photo by Jim Linwood


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These posts have been chosen as one of their best post by the bloggers who submitted them or hand selected. Please check out each of them and let me know what you think!

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