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	<title>Comments on: Penny Pinchers: Mart and the $10 Boots</title>
	<atom:link href="http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/</link>
	<description>personal finance that makes cents</description>
	<pubDate>Mon, 08 Sep 2008 08:41:18 +0000</pubDate>
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		<title>By: Mike626</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-111133</link>
		<dc:creator>Mike626</dc:creator>
		<pubDate>Mon, 07 Jan 2008 21:37:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-111133</guid>
		<description>The image of 11 people living in a 16x40 building without running water stuck with me this weekend.  I thought maybe I was misjudging the space at first, but I did a quick drawing to scale in SketchUp.  The image is here:

http://tinypic.com/fullsize.php?pic=71pk4nt&#38;s=1&#38;capwidth=true

The rectangle is 16x40, each of the figures in the image are approx. 5'7" tall.  Seems like close quarters to me for a winter... particularly without running water.</description>
		<content:encoded><![CDATA[<p>The image of 11 people living in a 16&#215;40 building without running water stuck with me this weekend.  I thought maybe I was misjudging the space at first, but I did a quick drawing to scale in SketchUp.  The image is here:</p>
<p><a href="http://tinypic.com/fullsize.php?pic=71pk4nt&amp;s=1&amp;capwidth=true" rel="nofollow">http://tinypic.com/fullsize.php?pic=71pk4nt&amp;s=1&amp;capwidth=true</a></p>
<p>The rectangle is 16&#215;40, each of the figures in the image are approx. 5&#8242;7&#8243; tall.  Seems like close quarters to me for a winter&#8230; particularly without running water.</p>
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		<title>By: annie</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-111117</link>
		<dc:creator>annie</dc:creator>
		<pubDate>Mon, 07 Jan 2008 19:44:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-111117</guid>
		<description>I think this behavior is pretty tacky. I'm all for frugality, but this kind of thing smacks of saying, "Ah, I'm going to screw over that store. Ha ha ha." It's one thing if it's Wal-Mart, but it sounds like this place was a mom-and-pop kind of place.

Like Roger said, if you pull this kind of stunt, it really eats into the retailer's bottom line. I don't really care of Megacorp's stock flounders, but I do when it's a small business.</description>
		<content:encoded><![CDATA[<p>I think this behavior is pretty tacky. I&#8217;m all for frugality, but this kind of thing smacks of saying, &#8220;Ah, I&#8217;m going to screw over that store. Ha ha ha.&#8221; It&#8217;s one thing if it&#8217;s Wal-Mart, but it sounds like this place was a mom-and-pop kind of place.</p>
<p>Like Roger said, if you pull this kind of stunt, it really eats into the retailer&#8217;s bottom line. I don&#8217;t really care of Megacorp&#8217;s stock flounders, but I do when it&#8217;s a small business.</p>
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		<title>By: Roger</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110850</link>
		<dc:creator>Roger</dc:creator>
		<pubDate>Sat, 05 Jan 2008 22:16:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110850</guid>
		<description>"I love my cigar, but take it out of my mouth once in awhile." But onwards.

I realize that some store owners try to take you for everything you've got, are generally nasty people, etc. But many more are not, they're just folks trying to make a living. And getting rid of a pair of special order boots which are otherwise never going to go away might be worth just getting $10, especially if the special-ordering customer put some money down and forfeited it. And yes, a store owner should check his or her inventory to be sure there isn't an already marked down item in the stash of stuff they're putting on special. To be clear, there is no shame in simply making an offer on an item, the store owner can always say no (that said, you should take a "no" with good grace).

Still, some folks seem to take a certain glee in finding the mistakes of retailers and taking advantage of them. Big stores can absorb these, but do that often enough to a small store, and the store is going to go away.

Retail stores often have a 50% margin, that is, the wholesale cost is doubled when the item is retailed. Sounds outrageous, but when you look at all the costs that have to come out of that extra 50%, there isn't a huge amount of actual profit built in there. Especially on something as volatile as clothing or footwear, you have to account for theft and the fact that a certain percentage of merchandise is going to have to be sold for cost at the end of the season. Add in "clothing rental" (that is, stuff people buy, wear once or twice, and then bring back claiming they never wore it) and that manufacturers and wholesalers generally don't take back merchandise which isn't defective, meaning if you give a refund you've essentially not only lost a sale but had the merchandise removed from your stock as well...it's a tough game. And that's not even considering paying the clerks, store rent, taxes or electricity.

To me trying to get something on a "technicality" is not much different than keeping an extra $10 a cashier accidentally hands you while making change. Lots of people do, but I think it's at best ethically questionable. At best.

So by all means be frugal and even cheap, just don't go too far.</description>
		<content:encoded><![CDATA[<p>&#8220;I love my cigar, but take it out of my mouth once in awhile.&#8221; But onwards.</p>
<p>I realize that some store owners try to take you for everything you&#8217;ve got, are generally nasty people, etc. But many more are not, they&#8217;re just folks trying to make a living. And getting rid of a pair of special order boots which are otherwise never going to go away might be worth just getting $10, especially if the special-ordering customer put some money down and forfeited it. And yes, a store owner should check his or her inventory to be sure there isn&#8217;t an already marked down item in the stash of stuff they&#8217;re putting on special. To be clear, there is no shame in simply making an offer on an item, the store owner can always say no (that said, you should take a &#8220;no&#8221; with good grace).</p>
<p>Still, some folks seem to take a certain glee in finding the mistakes of retailers and taking advantage of them. Big stores can absorb these, but do that often enough to a small store, and the store is going to go away.</p>
<p>Retail stores often have a 50% margin, that is, the wholesale cost is doubled when the item is retailed. Sounds outrageous, but when you look at all the costs that have to come out of that extra 50%, there isn&#8217;t a huge amount of actual profit built in there. Especially on something as volatile as clothing or footwear, you have to account for theft and the fact that a certain percentage of merchandise is going to have to be sold for cost at the end of the season. Add in &#8220;clothing rental&#8221; (that is, stuff people buy, wear once or twice, and then bring back claiming they never wore it) and that manufacturers and wholesalers generally don&#8217;t take back merchandise which isn&#8217;t defective, meaning if you give a refund you&#8217;ve essentially not only lost a sale but had the merchandise removed from your stock as well&#8230;it&#8217;s a tough game. And that&#8217;s not even considering paying the clerks, store rent, taxes or electricity.</p>
<p>To me trying to get something on a &#8220;technicality&#8221; is not much different than keeping an extra $10 a cashier accidentally hands you while making change. Lots of people do, but I think it&#8217;s at best ethically questionable. At best.</p>
<p>So by all means be frugal and even cheap, just don&#8217;t go too far.</p>
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		<title>By: Melody</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110848</link>
		<dc:creator>Melody</dc:creator>
		<pubDate>Sat, 05 Jan 2008 22:00:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110848</guid>
		<description>I have to admit that a "hastily constructed 16 foot by 40 foot building with no running water" does not sound like adequate housing for 13 people.  Do they have heat?  Do they have bathing facilities?  What are the fire codes for the area?  Is sewage being disposed of properly?  Is it safe?

Assuming it is safe, I see no reason why they shouldn't have as many children as they want and are able to feed.</description>
		<content:encoded><![CDATA[<p>I have to admit that a &#8220;hastily constructed 16 foot by 40 foot building with no running water&#8221; does not sound like adequate housing for 13 people.  Do they have heat?  Do they have bathing facilities?  What are the fire codes for the area?  Is sewage being disposed of properly?  Is it safe?</p>
<p>Assuming it is safe, I see no reason why they shouldn&#8217;t have as many children as they want and are able to feed.</p>
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		<title>By: Sarah</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110846</link>
		<dc:creator>Sarah</dc:creator>
		<pubDate>Sat, 05 Jan 2008 21:45:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110846</guid>
		<description>What I really disliked was the analysis of how "effective" having 11 children was as a "way to pinch pennies". My family is not a flexible part of my budget that I can reduce or eliminate in order to save money.</description>
		<content:encoded><![CDATA[<p>What I really disliked was the analysis of how &#8220;effective&#8221; having 11 children was as a &#8220;way to pinch pennies&#8221;. My family is not a flexible part of my budget that I can reduce or eliminate in order to save money.</p>
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		<title>By: Pamela Williams</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110845</link>
		<dc:creator>Pamela Williams</dc:creator>
		<pubDate>Sat, 05 Jan 2008 21:44:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110845</guid>
		<description>Great story...11 children in these days and times...crazy.</description>
		<content:encoded><![CDATA[<p>Great story&#8230;11 children in these days and times&#8230;crazy.</p>
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		<title>By: J.D.</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110834</link>
		<dc:creator>J.D.</dc:creator>
		<pubDate>Sat, 05 Jan 2008 20:14:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110834</guid>
		<description>I'm confident that my cousin and her husband are doing a fine job of supporting their family. Though they're not currently Mennonite, they come from hardy Mennonite stock where big families are the norm. They're raising strong, intelligent children, and I'm sure the family is doing quite well. They're all just living in small building this winter while they make plans to build a house on the land they've purchased.</description>
		<content:encoded><![CDATA[<p>I&#8217;m confident that my cousin and her husband are doing a fine job of supporting their family. Though they&#8217;re not currently Mennonite, they come from hardy Mennonite stock where big families are the norm. They&#8217;re raising strong, intelligent children, and I&#8217;m sure the family is doing quite well. They&#8217;re all just living in small building this winter while they make plans to build a house on the land they&#8217;ve purchased.</p>
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		<title>By: Leslie Turek</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110832</link>
		<dc:creator>Leslie Turek</dc:creator>
		<pubDate>Sat, 05 Jan 2008 19:36:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110832</guid>
		<description>To have children when you can't afford to provide for them is disturbing.</description>
		<content:encoded><![CDATA[<p>To have children when you can&#8217;t afford to provide for them is disturbing.</p>
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		<title>By: RacerX</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110830</link>
		<dc:creator>RacerX</dc:creator>
		<pubDate>Sat, 05 Jan 2008 19:12:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110830</guid>
		<description>It is a great story to illustrate that a "Deal" isn't always a value!

Moving to the open land sound like an adventure, when you know you can leave in two weeks and go back to your warm bed!

As a desendant of Sod-house Dakotans, I say they were built of sturdier stock! Sounds like they are doing what the want though so good for them!</description>
		<content:encoded><![CDATA[<p>It is a great story to illustrate that a &#8220;Deal&#8221; isn&#8217;t always a value!</p>
<p>Moving to the open land sound like an adventure, when you know you can leave in two weeks and go back to your warm bed!</p>
<p>As a desendant of Sod-house Dakotans, I say they were built of sturdier stock! Sounds like they are doing what the want though so good for them!</p>
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		<title>By: Sarah</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110828</link>
		<dc:creator>Sarah</dc:creator>
		<pubDate>Sat, 05 Jan 2008 19:00:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110828</guid>
		<description>To think of children only in terms of their financial value is disturbing.</description>
		<content:encoded><![CDATA[<p>To think of children only in terms of their financial value is disturbing.</p>
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		<title>By: Mike626</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110823</link>
		<dc:creator>Mike626</dc:creator>
		<pubDate>Sat, 05 Jan 2008 17:35:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110823</guid>
		<description>11 children?  That is not a very effective way  to pinch pennies.</description>
		<content:encoded><![CDATA[<p>11 children?  That is not a very effective way  to pinch pennies.</p>
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		<title>By: In Debt</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110818</link>
		<dc:creator>In Debt</dc:creator>
		<pubDate>Sat, 05 Jan 2008 16:40:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110818</guid>
		<description>That's an amusing story. I take it that your cousin didn't try on the boots before buying them?

And I understand the appeal of adventure, but I think I've been exposed to a few too many large families whose parents do crazy things which negatively impact their children. (Not saying that it is case with your relatives, just that I'd be highly skeptical.)</description>
		<content:encoded><![CDATA[<p>That&#8217;s an amusing story. I take it that your cousin didn&#8217;t try on the boots before buying them?</p>
<p>And I understand the appeal of adventure, but I think I&#8217;ve been exposed to a few too many large families whose parents do crazy things which negatively impact their children. (Not saying that it is case with your relatives, just that I&#8217;d be highly skeptical.)</p>
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		<title>By: Chris @ ComicHacks.com</title>
		<link>http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110812</link>
		<dc:creator>Chris @ ComicHacks.com</dc:creator>
		<pubDate>Sat, 05 Jan 2008 15:38:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2008/01/05/penny-pinchers-mart-and-the-10-boots/#comment-110812</guid>
		<description>&lt;i&gt;"The entire family is currently living in a hastily constructed 16 foot by 40 foot building with no running water. Not all of their siblings think this is a Good Thing, but I think it sounds adventurous."&lt;/i&gt;

Hahaha! I think it's adventurous as well. It'll be a lifetime memory to build a house there and have that sense of accomplishment.</description>
		<content:encoded><![CDATA[<p><i>&#8220;The entire family is currently living in a hastily constructed 16 foot by 40 foot building with no running water. Not all of their siblings think this is a Good Thing, but I think it sounds adventurous.&#8221;</i></p>
<p>Hahaha! I think it&#8217;s adventurous as well. It&#8217;ll be a lifetime memory to build a house there and have that sense of accomplishment.</p>
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