Would You Bust Your Budget to Save Money Later?
I run consistently, piling up nearly 50 miles in a week when I’m marathon trailing. Because I roll my right foot when I run, I need a specific type of shoe to keep from injuring myself. As most runners, I’m very loyal to my shoe. I’ve found one that has worked for me, and never deviate from them. They cost $160 a pair and need to be replaced every few months, so when I can find them for less I want to take full advantage.
I was in a running store picking up some supplies, and noticed a table with shoes on a clearance sale. I was surprised to find my beloved Asics Kayanos, in my size, and in a cool looking neon white and black color scheme.
Last year’s model was marked down $60.
Even at a steep discount, the shoes would be a significant purchase. Our spending plan for that weekend did not include a $100 shoe purchase. To make the situation even more complicated, I had very recently purchased a new pair of shoes and wouldn’t need another pair for a few months.
My wife and I discussed a few options:
- Walk out of the store without the shoes. I didn’t need shoes, and it wasn’t in the spending plan.
- Put the shoes into next week’s spending plan and take the chance that they’re still there a few days later.
- Alter our spending plan for the weekend, pushing something to the following weekend in favor of making the shoe purchase.
- Use money from our savings to purchase the shoes, replacing the funds from the next week’s entertainment funds.
My first instinct would be to take option #3. Life has a way of changing plans for you, and you’ve got to be ready to roll with the punches and be flexible with the spending plan. However, it was already Sunday when this clearance sale was discovered, and our weekend spending money had already been spent.
Because I’ve been running consistently for years and there was a 100% chance I will need new shoes in the near future. We decided to go with option 4, and use money from our savings to purchase the shoes. We then came up with a plan to take $50 out of each of the next two weekend’s discretionary spending to replace the $100 taken out of savings.
One never knows when an opportunity to save money might present itself. Most of the time, I simply ignore the sales when I’m not actively looking to buy something, because if you buy something on sale you weren’t going to buy anyway it’s NOT really a sale. In this case, however, the shoes were something I would buy in the near future. Altering our spending to buy the shoes on sale now, means we won’t have to pay full price for the shoes later.
How about you, Clever Friends, what would you have done?
Brought to you courtesy of Brock