Comments on: Nintendo Wii: A Study in Planned Saving http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/ personal finance that makes cents Fri, 04 Jul 2008 21:31:32 +0000 http://wordpress.org/?v=2.5.1 By: Tech Lust: How to Cope with Gadget Envy ? Get Rich Slowly http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-112454 Tech Lust: How to Cope with Gadget Envy ? Get Rich Slowly Wed, 16 Jan 2008 17:04:59 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-112454 [...] I use targeted saving to buy new toys. When I decided I “needed” a Nintendo Wii, I saved for it. I’m glad I [...] [...] I use targeted saving to buy new toys. When I decided I “needed” a Nintendo Wii, I saved for it. I’m glad I [...]

]]> By: » How to Turn $500 Into $7 The Hard Way on Consumerism Commentary: A Personal Finance Blog http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-105821 » How to Turn $500 Into $7 The Hard Way on Consumerism Commentary: A Personal Finance Blog Wed, 21 Nov 2007 13:16:21 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-105821 [...] card had $16.50 on it. I thought maybe I could pay for part of a game for my Nintendo Wii, but nothing looked appealing. I scoured the DVDs, but couldn’t find anything I wanted. At [...] [...] card had $16.50 on it. I thought maybe I could pay for part of a game for my Nintendo Wii, but nothing looked appealing. I scoured the DVDs, but couldn’t find anything I wanted. At [...]

]]> By: AskDong » Personal Finance Bloggers, Wii Addicts? http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-103896 AskDong » Personal Finance Bloggers, Wii Addicts? Wed, 07 Nov 2007 16:40:34 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-103896 [...] JD at Get Rich Slowly. JD is always a trend setter. I think he got the Wii right after it was released. [...] [...] JD at Get Rich Slowly. JD is always a trend setter. I think he got the Wii right after it was released. [...]

]]> By: You NEWB » Blog Archive » When old people make console purchases http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19395 You NEWB » Blog Archive » When old people make console purchases Tue, 21 Nov 2006 13:28:01 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19395 [...] You may not know this, but people older than me actually know how to budge their money! In what actually makes for some good social commentary, the chap at Get Rich Slowly details how he was able to buy the Wii all cash by basically saving up for it months in advance (SHOCK!). He also mentions that while he was waiting in line to make the pruchase on launch day, all the young guys in the line were thanking their lucky stars for credit cards since they wouldn’t be able to afford one otherwise. Source: [GetRichSlowly] [...] [...] You may not know this, but people older than me actually know how to budge their money! In what actually makes for some good social commentary, the chap at Get Rich Slowly details how he was able to buy the Wii all cash by basically saving up for it months in advance (SHOCK!). He also mentions that while he was waiting in line to make the pruchase on launch day, all the young guys in the line were thanking their lucky stars for credit cards since they wouldn’t be able to afford one otherwise. Source: [GetRichSlowly] [...]

]]> By: J.D. http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19088 J.D. Tue, 21 Nov 2006 01:36:42 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19088 Bryan, I did write a <a href="http://www.foldedspace.org/weblog/2006/11/nintendo_wii_first_impressions.html" rel="nofollow">brief review</a> of the Wii, but I posted it elsewhere more appropriate. Slate has <a href="http://www.slate.com/id/2154158/" rel="nofollow">a review</a>, as does <a href="http://www.pvrblog.com/pvr/2006/11/the_first_24_ho.html" rel="nofollow">PVR Blog</a>. People are sharing their <a href="http://ask.metafilter.com/mefi/51348" rel="nofollow">reactions</a> at AskMetafilter, too. Bryan, I did write a brief review of the Wii, but I posted it elsewhere more appropriate. Slate has a review, as does PVR Blog. People are sharing their reactions at AskMetafilter, too.

]]> By: brad http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19083 brad Tue, 21 Nov 2006 01:30:43 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19083 I use a similar approach with music, which is my passion (hobby isn't a strong enough word). I try to make it a self-sustaining habit, using the money I make from occasional gigs and teaching to pay for CDs, instruments, and other music-related expenses. Having this "self-sustaining" rule prevents me from impulse buying, and I'm a lot more careful about my choices. I keep track of my music-related income in Quicken, and once I've earned enough to buy some CDs or if I want to save up for a new instrument, I can keep track of it all there. I use a similar approach with music, which is my passion (hobby isn’t a strong enough word). I try to make it a self-sustaining habit, using the money I make from occasional gigs and teaching to pay for CDs, instruments, and other music-related expenses. Having this “self-sustaining” rule prevents me from impulse buying, and I’m a lot more careful about my choices. I keep track of my music-related income in Quicken, and once I’ve earned enough to buy some CDs or if I want to save up for a new instrument, I can keep track of it all there.

]]> By: RJ http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19063 RJ Tue, 21 Nov 2006 00:22:49 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19063 I've been doing something similar, though for a digital camera, not a Wii or playstation. After a brief stint of extra work in June, I set aside some money to buy a digital camera. Since then I've been trying to figure out what to get, but I've been so busy at work at that I'll probably have to wait until after Xmas to make the purhcase. Perhaps there will be some good sales then.... I’ve been doing something similar, though for a digital camera, not a Wii or playstation. After a brief stint of extra work in June, I set aside some money to buy a digital camera. Since then I’ve been trying to figure out what to get, but I’ve been so busy at work at that I’ll probably have to wait until after Xmas to make the purhcase. Perhaps there will be some good sales then….

]]> By: Alan Whitney http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19046 Alan Whitney Mon, 20 Nov 2006 23:04:34 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-19046 Great article. I also waited many months to make sure that getting the Nintendo Wii was not an impulse buy. I ended up buying both the Wii and the PlayStation 3. I sold the latter on Ebay, making enough profit to more than pay for the former. Great article. I also waited many months to make sure that getting the Nintendo Wii was not an impulse buy. I ended up buying both the Wii and the PlayStation 3. I sold the latter on Ebay, making enough profit to more than pay for the former.

]]> By: Bryan C. Fleming http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-18995 Bryan C. Fleming Mon, 20 Nov 2006 20:19:48 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-18995 J.D., I like the way you think. Great Article. I think we can totally relate to broke guys waiting in line to put the video game system on the charge cards. Man some people just don't get it. I've got an Xbox 360. Did kind of the same thing. Too bad we can't play online. You should write a review on the Wii. It's not getting enough press. - Bryan http://www.BryanCFleming.com J.D.,

I like the way you think. Great Article. I think we can totally relate to broke guys waiting in line to put the video game system on the charge cards. Man some people just don’t get it.

I’ve got an Xbox 360. Did kind of the same thing. Too bad we can’t play online. You should write a review on the Wii. It’s not getting enough press.

- Bryan
http://www.BryanCFleming.com

]]> By: The Tim http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-18975 The Tim Mon, 20 Nov 2006 19:35:03 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-18975 A few months ago I sold my old Sega Genesis, SNES, and some other miscellaneous video game systems and accessories I had around the house. All told I made around $300 (after eBay fees and such). It worked out perfectly for the Wii, although I'm planning to wait a few months in the hope that they come out with it in black soon. Until then, the money will just have to bide its time in the bank. A few months ago I sold my old Sega Genesis, SNES, and some other miscellaneous video game systems and accessories I had around the house. All told I made around $300 (after eBay fees and such). It worked out perfectly for the Wii, although I’m planning to wait a few months in the hope that they come out with it in black soon. Until then, the money will just have to bide its time in the bank.

]]> By: Joel http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-18959 Joel Mon, 20 Nov 2006 19:19:03 +0000 http://www.getrichslowly.org/blog/2006/11/20/nintendo-wii-a-study-in-planned-saving/#comment-18959 I actually had a very similar story. I have been reading this site for awhile and have been putting some of the principles to practice. I too wanted a Wii when I started seeing all of the articles about it, so that was about 6 months ago. A little over a month ago they announced the price and Gamestop started pre-orders. I decided then that I still wanted one so I put a plan in place to get one. I saved money for the Pre-order and then began trading in games I never played anymore as well as selling several of those old items sitting on my shelf at home on Ebay. Overall I ended up not only paying for the Wii but a couple games. The amount of planning, the fact that I paid cash for everything has made the purchase truly satisfying to me. Yesterday I got to have the time of my life playing games without even one second guess because I did not sacrifice any of my long-term goals and I didn't incur any extra debt. Thanks for sharing your story. I actually had a very similar story. I have been reading this site for awhile and have been putting some of the principles to practice. I too wanted a Wii when I started seeing all of the articles about it, so that was about 6 months ago.

A little over a month ago they announced the price and Gamestop started pre-orders. I decided then that I still wanted one so I put a plan in place to get one. I saved money for the Pre-order and then began trading in games I never played anymore as well as selling several of those old items sitting on my shelf at home on Ebay. Overall I ended up not only paying for the Wii but a couple games.

The amount of planning, the fact that I paid cash for everything has made the purchase truly satisfying to me. Yesterday I got to have the time of my life playing games without even one second guess because I did not sacrifice any of my long-term goals and I didn’t incur any extra debt.

Thanks for sharing your story.

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