only has one child, and the other one does not have a wife or any kids. I probably spend more than my parents spent growing up. How does your approach to shopping compare to your family ’s and friends’ s approach to shopping? Do you think you spend more or less than them? It’s not necessarily a season that I like. It’s not always positive pressure, but a lot of pressure to ensure that everybody has something. The pressure during the holiday season, because we have big families on both sides and lots of kids in different schools. Is there ever anything in your life that makes you feel pressured to shop? But if it’s just clothing or an electronic device, I’m usually an impulse shopper. Like a car or a boat? It takes months to decide. How long does it typically take you to make a decision to buy something? I’ll buy electronic devices for work, like TVs, on Amazon as well, and computers. I get telephones, cellular phones on eBay. I’ll be buying dog food on Amazon, or electronic devices like cameras. I do shop on Amazon a lot, I will say that. I’m constantly doing home I like to do a lot of projects and home repair myself. I’ve got to tell you that I probably go to Lowe’s or Home Depot once a weekend. I do like going to car dealerships and looking at cars. Is there a different kind of shopping that you’re into? I want to be with the family or doing activities that I like to do. My free time, I don’t want to spend that shopping. Since I work by the hour, if I’m spending time shopping, it can be very costly. But typically my wife will buy a bunch of things at the store and then I will try them on. She gets me to the Town Center, then she will say, “We’re going shopping too.” But I may shop with her one to three times a year. It’s hard to say what she spends on shopping.ĭo you buy your own clothes? Or is that something that she manages? How much would you say that you spend on clothing per month for yourself and for the whole family? If you don’t spend it on one kid, you can transfer it to the other kid. As long as that money gets used for college - for housing during college, books, cars, things like that, anything related to college - we don’t have to pay tax on that money. It’s after-tax money that we put into a fund, and we invest in it you could invest it into a mutual fund or single stocks. We’re just funding their 529, which is like a tax-deferred college fund where we can put money in. The fourth child, we’re not doing Florida Prepaid for them. How much do you put toward savings each month?Ībout how much of that is for future college expenses or things for the children?īecause of the cost of private education, private grade school and elementary school education, I’ve already had to set aside money for Florida Prepaid for three out of four of my kids, just because I wasn’t sure what the cost would eventually be for grade and elementary school. We limit that usually to about two trips a year. It ends up being very expensive to travel. It’s usually family vacation because there are four kids that we try to take with us. What’s your biggest discretionary spending category? What’s your biggest monthly expense besides rent or housing? He’s a psychologist with his own practice and makes around $275,000 a year, and he’s saving up to send his young children (ages 8, 10, 12, and 13) to college. This week we talked with Bryan, 44, who lives in Jacksonville, Florida, with his wife and four kids. If you know or are someone with an interesting relationship to $$$, email. Welcome to Racked’s How Do You Shop? series, in which we ask a variety of people some deeply personal questions about how they earn, save, and especially spend their money. You can also see what we’re up to by signing up here. The archives will remain available here for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. Thank you to everyone who read our work over the years.
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