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Fast Food: Get What You Pay For?

April 9, 2012 By Shane Ede 11 Comments

McDonalds Holmesglen - Nikon D60 No-Flash © by avlxyz

My family went through the drive through of a local McDonalds recently.  (Ok, it was last night)  We were buying food for ourselves and a couple of friends who had recently gotten home after a couple of weeks away.  They, for obvious reasons, wanted to just relax, and not have to cook, but were too happy to be home to go out.  So, since we were already visiting, we offered to go and get some food.  Subway was the first choice, but, it turns out, they were closed for Easter Sunday.  So, McDonalds it was.

We went through the drive through, ordered our food ($40), and then waited while they made up the food.  They were waiting on an fryer of chicken nuggets to finish up, so we even got to go to the special parking space that they have for cases like ours.  A few minutes later, out comes one of the McD’s workers, with our bag, and happy meals.  Awesome.  We’re on our way.

All the way across town, we start opening bags, and divvying up the food.  Cue disaster.  You might think disaster is too strong of a word.  But, if you have children who have their expectations set, and then those expectations are crushed, you know it is the right word.  Funnily, the kids’ meals were the items that were the closest to right.  We ordered four adult value meals.  Two of them were identical except for one minor adjustment of having no onions.  Using the convenient labels that they stick on the burger boxes, we gave those out, only to find that the labels were wrong.  The burgers were right, they just had the labels crossed.  The one order of chicken nuggets that we ordered (and waited for) had no sauces (or so we thought).  Then, the kids opened their meals.  Instead of caramel sauce for their apple dippers, they had honey mustard sauce.  Well, that’s where the sauce went for the chicken nuggets!  The biggest part that they messed up?  There were no fries!  None!   And no straws, either.  What a complete disaster of a trip.

Of course, having spent $40 on food, and only getting half the order right, I was a bit upset.  But, then I got to thinking, did I get what I paid for?  Well, in a more philosophical sense, not in a precise sense.  Set aside the healthy-ness concerns of fast food.  When it’s all said and done, should we expect that our orders won’t be right, the food won’t look like it does on the menu, and that we are just a dollar bill passing through to be collected and sent on our way?  Just how much should we expect from our fast food exchanges?

Filed Under: Financial Miscellaneous Tagged With: fast food, mcdonalds

Money is a Finite Resource

April 6, 2012 By Shane Ede 8 Comments

Perhaps you’ve heard the saying “You can always make more money”, or the one that goes something like “They’re always printing more”. Perhaps you’ve bought into the guru’s advice that if you work extra hard, and save every penny, you can make way more money than you’ve ever dreamed of. If so, there’s a small problem.

Money is a finite resource.

Oklahoma Sunset, Oil Well 2 © by Clinton Steeds

Just like oil, coal, water and a bunch of other natural resources that we recycle and reuse regularly to conserve, money must be conserved.  Because, just like those natural resources, it has a finite limit.  And, until you start treating it that way, it will always have the best of you.

I think the key is in the conservation of money.  Yes, we need money to pay our bills, buy supplies that we need, and even to splurge once in a while.  But, we have to learn to conserve what we have.  Just like a natural resource, we have to learn to use our monetary resources wisely, and in a way that will not deplete the reserves that we have.  Because, at the end of the day, if we deplete our reserves, there might not be any more money to earn.

Many of us take for granted that there will be enough clean water to drink for many lifetimes.  But, if we don’t learn to conserve our water, and keep it clean by using it wisely, there might be a day, in our lifetimes, where there are severe water shortages.  In some parts of the world, that already happens.  If we aren’t careful with our usage of money, we might find ourselves in a situation where more money cannot be earned.  We might lose our jobs, have a health emergency, or just outspend our income, and our ability to earn more money will be outstripped.

My point is that if we continually treat money as an infinite resource that we can always earn more of, we aren’t being careful stewards of that resource.  Yes, you should try and earn more, but you also should stay vigilant in how you’re spending your money so that your lifestyle doesn’t expand to meet that new earning capability.

How do you treat your money?  As an infinite or finite resource?

Filed Under: budget, Financial Miscellaneous, Financial Truths, Frugality, Saving, ShareMe Tagged With: money, money finite, money finite resource, money resource

Your Primary Home is NOT an Investment

April 4, 2012 By Shane Ede 11 Comments

Home or Investment?Your primary home is not an investment in the normal sense of the word.  Dictionary.com defines Investment thusly*: “the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.”  Some of you will argue that you buy your house because it will appreciate in value.  But, to fit the definition, you must have bought it specifically for that purpose.  And in the case of a primary residence, that isn’t true.

When you bought (or buy) your primary residence, you’re looking for a home.  You’re looking for a place to call your own where the money that you spend on it goes towards your ownership of the home.  Sure, it may show some returns by way of appreciation of value, but those are locked into the house until you sell.  And, truthfully, you probably don’t care about that unless you sell, so if you plan on living in the house (the definition of primary residence) it makes little difference what the house is worth as long as it provides a home for your family.

So, don’t be fooled into looking for a good “investment” when you buy a house.  Look for an affordable home that will provide for your shelter needs.  When (if) you sell the house, it gets converted into an investment and you will have hopefully made some money, but when you’re looking for a home, pick the one that will fit your needs. Not the one that shows the most potential for return.  That’s what second homes and rental properties are for.

*I know that thusly isn’t really a word.  I blame it all on Alton Brown.

Photo Credit: svilen001 @ sxc.hu

Filed Under: Home, Investing, ShareMe Tagged With: Home, home owner, investment, mortgage, residence

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