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How Far Are You Willing To Go To Save Money?

May 24, 2010 · 19 comments

in Personal Finance

This past weekend, Old Navy had their annual ‘One Dollar Flip Flop’ sale.

Personally, I am not a fan of the flip-flop.  My feet have never adjusted to that ‘spike’ between the toes.   However, I know some people that love them, and this sale is a priority to them.

This makes me chuckle.  These one dollar sandals are pretty darn cheap every day of the week.   But I know people that will stand in line for an hour to buy these sandals, several pairs of them at that.  Of course, you better get to Old Navy early or the decent colors may be gone.  It is an insane mess on One Dollar Flip Flop day, and I really think some people thrive on this type of activity.

I do not.  I hate it.  Just like I hate shopping on the day after Thanksgiving.  For many, it may be more about the fun of shopping and getting a deal than actually getting something they really need.

This sale at Old Navy makes me think of trade-offs.  I admit, I do not know the exact price of these flip flops on an ordinary day, but I think it is around $3.50, at full price.  So to save $2.50, people will get up early, stand in line, deal with people reaching, grabbing, pulling, and more.  If you buy 5 pairs of flip flops, you are saving about $12.50.

For me, saving $12.50 is not worth me giving up my Saturday morning, and for something we probably don’t even need.  I do recognize I may be an anomaly though as I hate flip flops, but I could buy them for my daughter if I was so inclined.  On the flip-side, I am an extensive coupons clipper and user, which others may regard as not worth their time for the amount of money they will save.

So that leads me to my question, how far are you willing to go to save money?  Were you at Old Navy this weekend?  What is your ‘savings hang up’?

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