There are a handful of expenses I could do without, but right now I choose not to:
- I pay $26/month for an unlimited car wash package. When a new car wash opened up a mile from my house, I caved. It's so much easier to run the car through the wash and use the free vacuums. I'm more likely to drive for Uber in my spare time now that my car is always clean.
- I pay $35/month for a Wall Street Journal subscription. I want to make money from investing and need the proper tools to do so.
- I pay annual fees on three credit cards. While I recently canceled two credit cards that charge an annual fee, I've decided to keep the other three for now. It's simple: the value I get from these cards is worth more than the fee I pay each year. With that said, I may get rid of the Marriott Rewards card. I get a free night each year, but the annual fee is $85. On the IHG card, I also get a free night but only pay $49/year.
Sometimes I wonder if I justify my expenses as a way to avoid the effort of getting rid of them. I don't think I am doing that. Most of these costs help me either make more money or save money. Plus, we continue to be more frugal than most of our peers. Some of the things we don't spend money on include:
- cable TV
- trash removal
- drinking at bars
- expensive cars
- jewelry, expensive clothes, and other status symbols