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Batten Down the Hatches

So what do you do when you no longer have an income? Find new ways to save or “create” money. Creating money is a little different than earning money. It’s taking that pile of scrap metal in the garage (I don’t know why) and the old catalytic converter laying by the back door (ditto) to the local metal recycler. $19.. Cha-ching! What can I say, it’s the little things. Saving money is easy; not turning into a pinchpenny is harder. Car insurance… did you know its cheaper if your car is a “pleasure” vehicle? Driving anywhere with a 4 y.o. on the verge of a sugar-low-meltdown is not a “pleasure” (note to self: stock aforementioned pleasure-mobile with snacks) but it still beats a 50 mile round trip commute.  

A note on switching costs. Switching barriers or switching costs are terms used in microeconomics, strategic management, and marketing to describe any impediment to a customer’s changing of suppliers. To date, my switching cost has been primarily time to research and implement a change, and the fear of the time it will take to change it again if it doesn’t work out. Switched so far for cost savings: electric supplier, car insurance, health insurance, and cell service. Still to be tackled phone/internet “bundling”… but who has that much free time?!

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