The Cost of Convenience

Writer, speaker, and minimalist Joshua Becker says, “Convenience is no longer merely appreciated among the average consumer, it is demanded in almost every corner of our economy.” But, I ask… at what cost?

Convenience comes at a price. A few dollars here and a few dollars there add up quickly and negatively impact our wallets. And, children who grow up in homes that give into conveniences will expect them in the future.

It’s a matter of priorities…. time vs. money. We give into the temptation when we’re tired, running late, or just plain lazy. But, a little planning, can save a lot of money!

Think about it:

Drinking homemade coffee vs buying it saves $4,000 in 10 years.

Brown bagging vs buying lunch out can add up to $1500 a year. That’s $3,000 for a married couple!

Cooking at home vs delivery has big savings especially when you factor in delivery fees and tips.

Subscriptions are also costing Americans. Monthly memberships to Amazon Prime jumped to $12.99 a month. Netflix’s most popular streaming plan is $10.99 for new subscribers. Audible starts at $14.95 a month. And, average gym memberships run $58 a month.

Today, there are nearly 6 million subscription box shoppers according to Hitwise. Products include fashion, beauty, ingredients for meals, men’s shaving needs, you name it! The number of subscribers has grown by 800% since 2014.

These monthly charges add up quickly. If you cut $100 a month that’s $1200 a year to apply to debt, savings, or investing. What are you willing to sacrifice to get your house in order?

There’s a time and place for convenience, but frugality requires work and planning – like the Proverbs 31 woman who “…looks well to the ways of her household and does not eat the bread of idleness.”

If you’re struggling with overwhelming credit card debt, get in touch with Christian Credit Counselors. To learn more, call the Crown Helpline at 800-722-1976 or visit crown.org/ccc.