Wednesday, May 13, 2015

Cheap vs Frugal

We've all been there. Trying to save money, so we buy the less expensive item, only to have it break long before we had hoped, and in the long run, end up spending more by replacing it...sometimes multiple times. 

For my family, it's the blender. What we really want is a Vitamix. Who doesn't, right? But dishing out upwards of $400-600 for a blender/food processor seemed excessive to our family. So what did we do? We bought a smaller, much less expensive brand. What we discovered is that while it was good for some things we wanted to make, it wouldn't quite do the job with other food processing needs. So then we bought something else, a little more expensive, but still about half the price of a Vitamix. There are still times it doesn't work quite as well as we would like, but for the most part, it's been great....until the last couple of months (we've only had it about a year). Recently, we've had two mishaps with our blender: (1) The spout cap fell off and disappeared, so now when I need to blend, I have to put a piece of aluminum foil or plastic wrap over the top spout and hold it there so the contents don't splatter everywhere, and (2) it has started to crack on the inside. So we tried to save money by going with the cheaper blender/food processor...twice. The reality is that in buying those two blenders, we've spent about the same amount as a Vitamix. Lesson learned. 


What I have learned from my blender (and from any number of other "cheap" purchases) is that while the less expensive item might save you money in the short term, we end up spending more in the long run. This is the difference between "cheap" and "frugal." Cheap will cost you less in the short term, but in the end, sometimes the "frugal" option is the Vitamix. 

The same is true when we look at health care and essential oils. A lot of people look at the essential oils that I talk about all the time and say, "They're too expensive." When we look at the short term cost, they do seem "too expensive," because they cost more than that little 5ml bottle at the grocery store. However, when we look at the long term cost, what we find is that while we spend more upfront, we actually save more long term. 



Did you know???

  • A 15ml bottle holds approximately 260 drops, and because with high quality oils (something else you're not guaranteed with the "cheap" oils), typically only one or two drops at a time is all that is needed.
  • When your essential oils start running low, you can dilute them with fractionated coconut oil to extend the life of your oils without reducing the effectiveness of the oils.
  • For many basic health concerns, a few drops of oil can solve the problem without a
    trip to the doctor. One drop of oil costs anywhere from approximately $.09 - $.90 as opposed to a $25 copay to the doctor + prescription costs. (There are definitely times when a trip to the doctor and a prescription is necessary, but there are also a lot of ailments we can take care of ourselves when we have access to the right tools.) 
  • I prefer to get my essential oils through a wholesale enrollment (The oil company I use is only $35 - like a Costco membership), because it saves me 25% off the retail cost every time I shop, and there's no obligation to purchase a certain amount or even every month. (Also, if you bundle your oils by enrolling with a kit, the cost of the enrollment is included. And as with all bundles, the bigger bundle saves you even more!)
  • Through the particular essential oil company that I use, If you decide to purchase a minimal amount monthly, you will receive a percentage of your purchase back to use toward FREE oils and wellness products. 
So as you can see, buying these "expensive" essential oils can actually save you money.

So the question is: Cheap or Frugal? 
When it comes to health, I'd rather be frugal than cheap. If you agree and are interested in learning more about how you can save on your health care costs through essential oils, please contact me to learn more.


Be well.

Shannon




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