Comments about ‘A habit that could cost $70,000 over 20 years’

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Published: Friday, April 5 2013 2:49 p.m. MDT

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samhill
Salt Lake City, UT

I come from a background that would probably be considered, at best, just above the poverty level. My father had just received a raise to his highest income ever at $750/month about 6 months before his death at 61.

On that amount, and usually much less, he and my mother (who earned a 2nd income with a small in-home day-care business) managed to provide enough to see all six of their children graduate from college and continue on to, generally, moderate "success". At least a rung or two up the economic ladder from where we grew up.

That success would never have been possible had we not, as a family, placed appropriate value on what little income we brought in (all of us children had a wide variety of jobs to buy anything beyond the bare necessities) and knew, despite some temptation to let down our fiscal guards, that to stray too far from our frugality meant long-term deprivation.

It is a system of values that has helped us all ever since and which I earnestly hope is regained by our country before it's too late, if that's even possible at this point.

Kings Court
Alpine, UT

"If that money was invested rather than spent on pricey snacks, a mutual fund with seven percent return would make it $70,307 by the end of 20 years."

A seven percent return on a mutual fund? Good luck with that one.

Patrick Henry
West Jordan, UT

SamHill,

I am saddened that our economic system has gone so insane as to give their workers the smallest sliver of the loaf possible. I am sorry to hear that your father was one of the many grossly exploited by the wealthy. Today corporate profits are at a 40 year high, yet wages are lagging seriously behind. The rich get richer and the poor get poorer. Class warfare is very much so alive today in America. I hope the day will come when ALL workers earn something we can HONESTLY call a living wage.

I'm all for corporations and individuals making profits because they deserve to be rewarded for their ingenuity and their risk taking in the market. What I am against are excessive profits and companies doing everything possible to squeeze their employees dry to maximize corporate profits and enhance shareholder value to the absolute value possible. That is not capitalism done right, but capitalism run amuck. For example, Instead of $30 million profit could a business be okay with $20 million and offer their employees reasonable wages or benefits? You get the point.

george of the jungle
goshen, UT

I have a mission. My objective is to pay my house off this year. so any money spent has to be on the necessity's or on the house . It's hard to stay in line with the boundary I have set for my self because I keep looking at stuff I know I can buy and it really is hard to say NO, I can wight. yearn for stuff is driving me nuts. So That is what I say to my self when I start looking. Nuts.

Baron Scarpia
Logan, UT

I recall reading a study on the poor and convenience store many years ago. There were two factors that came from it:

One, the poor often don't feel worthy about shopping at traditional grocery stores; and two, often, snack-size/single-serving portions are easier to handle than larger boxes/packages of foods that are not portioned out for serving sizes.

Thus, buying a pre-portioned cereal packet in a throw-away plastic bowl is easier for people to recognize as a "meal" than a box of cereal that may contain many, but an unknown number of servings. Consequently, although more expensive, the convenience sizes at convenience stores actually helps poor people manage their money and meals.

UteMiguel
Go Utes, CA

"For example, Instead of $30 million profit could a business be okay with $20 million and offer their employees reasonable wages or benefits? You get the point."

No, not if the competition is making a higher profit. Rational owners (shareholders) will withdraw their money and put it to a more profitable use. Then the employees will have no jobs.

SLC gal
Salt Lake City, UT

What's nuts but yet the reality is an over processed calorie laden back of chips is cheaper then a piece of fruit.

RedShirt
USS Enterprise, UT

To "Patrick Henry" why can't people take responsibility for their income? For example, if my highest aspiration is to flip burgers, do I deserve to make $50,000/yr? You get paid for what you are worth and how in demand your skills are. If you never develop skills and are in a labor market with lots of low/no skill workers why should somebody have to pay you more?

Yes that sounds cold, but that is reality. Lets put it in terms of farming.

If I only work a .25 acre plot of ground, why should I expect to harvest as much as somebody with 5 acres or 500 acres?

Nan BW
ELder, CO

Many of those convenience store snacks are not beneficial to health either. Warnings about soft drinks, energy drinks, sugar laden treats, overuse of processed grain products and so on should be enough to curb those visits to convenience stores. With health care costs rising, and all the politics that go with that, we all should focus on eating healthful foods and limit snacks. In our home we are still eating carrots from our 2012 garden. A batch of carrot muffins supplies snacks for several days. We'd better enjoy them because in our area, we are not allowed to use our domestic well for a garden this year so raising garden veggies becomes a huge challenge.

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