I’m not going to go into this topic in a completely self-reflective way, but I’d like to say that our non-operating expenses are the things that are the opposite of an automatic response. In other words, these are things that can be planned and worked on before you head out, and will result in savings if you do so.
If you want to be more specific, you should consider whether or not the cost of the actual work that you work on is actually what you do. You can argue that the cost is that much cheaper, and that’s fine. But you don’t want to go back in that direction.
I know this is a little bit of an outlier, but I think that there are a lot of people (like me) who take their non-operating expenses and try and make them into things that are somehow more “sociable” or “happening” or “cool” when they’re really just expenses.
You can justify these expenses as a way to increase your social life by using them as a perk. But in our defense, that is a complete fallacy. The real reason you take these things is so that you can save money in the future. This is a great way to save money. But that is not going to happen if you use your non-operating expenses to pay for things that you don’t really need.
In business, there’s the idea that if you can’t pay your bills then you should just pay them. But in other aspects of life, such as buying and selling property, you often only want to spend when you can get the most bang for your buck. So in order to do that, you need to take care of your expenses and then just collect a check when you’re done.
If you have a need for something, even something as basic as toothpaste, then you should plan to pay for it. This is how I pay for my toothpaste (it’s the most basic of luxuries) and this is the way I pay for my cell phone (it’s the basic necessity). If you use non-operating expenses to pay for something, then you waste money. The best way to save money is to not need it, so you can save more.
You don’t have to spend in order to save money. A good rule of thumb is to keep 10% of your disposable income to cover all your non operating expenses. If you have a need for something like toothpaste, then you should plan on paying the rest.
A few years ago I gave away my toothbrush and toothpaste, but after a year of not using the toothpaste I realized I didn’t really need it. I still use the toothbrush but I’m no longer going to get a second toothbrush. The best way to save money is not purchasing one thing. A good rule of thumb is to take advantage of some of your non operating expenses in order to save money.
If you don’t already have a non operating expense, then do it yourself. That way you can save a few extra bucks if you have a need for it.
If you just don’t use toothpaste, then you can save money on toothpaste. Toothpaste comes in two varieties, both with different prices: toothpaste and mouthwash. Toothpaste costs between $2 and $10 a pop. Mouthwash costs between $15 and $30 a pop. If you don’t need the toothpaste, then you can save money on it since it doesn’t come in the same price range as the toothpaste.