The cost of my unlimited lifestyle

by Kristina Tahnyak on April 2, 2015 · 1 comment

cost of living, cost of lifestyle, lifestyle livingGood morning Dinks.  Let me as you a question, do you  believe in paying for convenience?  Normally I would say no.  I am the type of person who will walk five blocks in a snow storm to my bank to save on bank fees even though there is another ABM only a few feet away.  I think it’s completely ridiculous to be charged for taking out money from another bank’s ABM.  My bank is going to charge me $3 and the other bank is going to charge me $3 and that’s just too much money.

All that to say I usually don’t believe in paying for convenience.  I will take the bus or train over flying if it saves me $300, depending on how much time it saves.  Paying extra for convenience is OK sometimes if there are really no other options, however overpaying just because we’re lazy is probably a waste of money.

The exception to that rule is restrictions.  I don’t mind paying for convenience if it means not being restricted.  As you know I have major commitment issues.  I never follow through on anything and I can’t keep a standing appointment if my life depended on it.  I tried giving up Diet Coke for Lent and that was an epic fail, I lasted five days.  I don’t like being told what to do and that’s the one time I’m willing to pay for my freedom.  Are you the same way?

Here are two ways I waste money on unlimited living:

Monthly Banking Fees.  Since I left the world of  banking and started working for an investment firm I have had to start paying banking fees.  As a former bank employee who hasn’t paid for anything since she started working for a bank at 19 I can tell you that  banking fees are the bane of my existence.

I pay $14.95 for an unlimited checking account because I like to use my debit card whenever and where ever I want to and I can’t commit to keeping $3000 in my account at all times.  Thanks to my need for personal freedom and my lack of the ability to commit to anything I pay $180 a year in bank fees.

Cell Phone Usage.  After a few major cell phone bills of over $200 each I finally caved in and changed my plan to unlimited.  Now for only an extra $20 per month I can call across the country to any one at any time without restrictions.  I used to have to run out and buy a phone card if I needed to make a long distance call before 5 pm and I always told myself “It’s just this one time”.

That one time turned into several times and on many occasions I found myself needing to make calls without a phone card.  So after several hundred dollars in cell phone charges I caved in and switched to an unlimited plan.   I don’t like committing to pay an extra $20 per month but obviously I didn’t have the discipline to stay within the rules of my previous plan.

Do you pay extra on anything for the convenience of it?

Get Your FREE Ebook


DINKS (Dual Income No Kids) Finance focuses on personal finance for couples. While by no means financial experts, we strive to provide readers with new, innovative ways of thinking about finance. Sign up now to get our ebook, "Making Money Tips for Couples" FREE.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

{ 1 comment… read it below or add one }

1 Sarah April 5, 2015 at 5:52 pm

I don’t pay TOO much for convenience, but I do pay extra here and there for convenience. When you think about it, a lot of what we pay for traditionally (driving, for instance) is just for convenience.

Leave a Comment

Previous post:

Next post: