The Art of the Alternative
We’ve all read a statement like this one: If you pack lunch instead of going to Chipotle every day, you’ll save $1650 per year. That would be $158,000 if you invested it for 30 years!
People like to frame money choices in terms of opportunity cost, or the power of perpetuity. And for good reasons. It’s true that your latte habit + your chipotle habit + your new car habit could mean you’re never going to get out of debt. But when we state that your lunch-out routine is going to cost you $160,000 over the next 30 years, a lot of us just shrug and think, Oh well. That’s probably not that big of a deal in the scheme of things. Because in real life, few of us are good at making epic financial decisions every day at lunch time. When we’re hungry, no less!
It’s helpful to look at the big picture, but sometimes we need to focus on the details a bit more. What if you could have a delicious lunch AND gain $160,000? We all have to make trade-offs. But it doesn’t always have to be about the trade-off. What if you could find something nearly as good, just as good, or even better than what you’re currently spending on? In many cases we can have both with just a touch of effort, planning , or creativity.
[Here’s the Chipotle chicken copycat recipe.]
Out of the box thinking is key to learning the art of the alternative. Normal people jump at the easy, obvious consumer solution, regardless of the price tag. Smart people don’t. They fix. They re-purpose. They thrift. They trash-pick. They accept that Life is Not about Your Preferences. But to sustain their low-cost lifestyle, they also must learn the art of alternative. And they actually enjoy the process of brainstorming and discovering solutions quite a bit. It’s gratifying in a way that standard consumerism can never be.
Allow me to illustrate the art of the alternative. And I want to hear your examples in the comments.
- We’d love to have the woods as our backyard. But we live in the suburbs, 20 minutes’ drive from a national park. Our solution? Drive to the park, hike in the woods.
- We’ve also dreamed of owning a bit more land for hobby farming. For now, we’re Rockin’ the Burbstead on our 0.1 acre of backyard. For us that includes chickens, bees, maple syrup, fruit trees, a wood pile, and a garden.
- And we love the beach! Instead of pricey peak-season visits to tourist beaches, think March camping at a Florida state park with a beautiful beach. Think summer trips to the Great Lakes. Think off-season, rewards-fueled trips to whatever beach we can get to cheaply.
- I’ve never met an Asian cuisine I didn’t like. Yet going out gets expensive. We still do on our monthly dates, but I’ve learned a number of good dishes from Madhur Jaffrey’s Quick and Easy Indian Cooking and a descriptively titled cookbook, Chinese. My international friends have helped me learn, too. Hint: do not buy “curry” sauces from the regular grocery store. Find a good Asian grocery in your area.
- Are you an entertainment lover, or just a fan of a particular show? You don’t need cable, or even Netflix. You need a library card. Our friends check out a stack of DVDs each week in lieu of paying for any cable or Internet (!).
- You’re frugal, but also aesthetic, so you don’t want your clothes or furniture looking like they’re from some grandma’s garage sale? Two words: buy used. Nowadays you don’t have to garage-sale your life away searching for the perfect piece. Search Craigslist. Try Facebook buy-sell-trade pages and other local resale pages. Go to the thrift store. Of course, garage sales are perfectly wonderful, too.
- Your kids want to play sports, but it’s getting too expensive? At the early ages, explore barter-and-trade options. My mom used to clean my gym in exchange for a discount on my gymnastics fees.
- If you love to travel, learn how to travel-hack using credit cards. Get into a good hotel points program if you travel for work. But also, start camping. Borrow some gear or just buy the basics. It’ll open the door to a lifetime of low-cost travel. Did you know Disney World has a camp site?
- I loved my fancy-schmancy gym membership, but when it got too expensive, I did everything from exercise videos in my basement, to a women’s fitness class at a church. It was harder than anything I’d ever done at the gym! Pretend to Be Fit!
The beauty of the alternative is that you’re not missing out, and you don’t feel deprived. It’s a sustainable way of living because you’re satisfied with your solution. As a bonus, you’re also defying the absurd suggestions of consumer culture–that you are useless, helpless, and incapable of doing anything besides spending all your money.
So what alternatives have you come up with? Does anyone else enjoy the act of finding alternatives, too?