Convenience And Luxury: Know the Difference

LET'S GET ONE THING STRAIGHT. LUXURY AND CONVENIENCE ARE TWO ENTIRELY DIFFERENT THINGS. Whatever do I mean? Look, there are so many people I know who confuse these two things, and it costs them an enormous amount of money.

You decide to go out and do some shopping for the day. You leave the house and somewhere in the process of shopping you decide you are thirsty. You stop at the local gas station and buy a bottle of Coke to satiate your thirst..

IS THIS LUXURY OR CONVENIENCE?

You might argue that you make enough money, and that you have enough money, and due to that fact alone, being able to buy that bottle of Coke while your out shopping is part of the luxury of having a supportive income.

But it is NOT a luxury. It is a convenience.

LET'S PUT THIS ANOTHER WAY. You go on a road trip and you know you are going to want to buy some bottled water somewhere along the way. You leave the house with 24 bottles of water in the refrigerator, but take none with you on the trip. You stop to fill up for gas and buy a bottle of water.

Is this luxury or convenience? IT IS CONVENIENCE.

Why is it convenience? In part because you decided to leave behind perfectly good and already bought and paid for water to avoid having to take it along. It is convenient that in the event you want that water despite that, someone will have it readily available.

In a way you could equate the logic to going on a vacation out of town. Do you opt to pack clothes you already have for the trip? Or do you opt to just buy those clothes as you need them while on the trip?

Let's put this yet ANOTHER way.

You get home from work and you simply do not feel like cooking dinner. You decide either to order out or go out to a restaurant. It's not that you do not have food available to cook in the cupboard or freezer. And it's not like you don't have the time or the ability to cook dinner. You just don't feel like it. This is a convenience.

So when is it a luxury if you decide to eat out or order in? When you decide to treat yourself to something special.

The long and short of it all is that when you start to break things down, the more you opt for convenience, the less you will be able to afford for luxury. Convenience costs the most even if luxuries are expensive since luxuries are partaken of, theoretically, less often than conveniences.

Drink cheap coffee Monday through Friday, and you may find you will have no problem treating yourself to something special on Saturday and Sunday. And because you have played your money right doing so, affording the luxury of doing so will not cost you as much.

I scrimp on the less important things so I can better afford the more important things.

What makes things worse for a good many people is they opt for both convenience and luxury. And at the end of the day when they look at their bank account what they find is...

THEY DON'T HAVE ANY REAL MONEY...

And more often than not, they have debt which they have created as a result, and a lack of savings to speak of. It's really a conundrum. But one that, when  you know what the difference is, is entirely avoidable...

And who wants to splurge on an easy bottle of Coke when you can do so much more if you didn't?