Thoughts on Ken Rockwell’s How To Afford Anything

Posted by louisa on Friday 20 August 2010 in frugal | 2 comments

Already respecting his views on photography, John was interested to find an old article by Ken Rockwell called “How to Afford Anything” a few weeks ago.

Reading it in parallel, we quickly noted that while there wasn’t anything completely mindblowing for us, it was a mostly excellent article, we agreed with most of it and I would highly recommended reading it regularly. But there are a few points that I disagreed with though and I want to discuss them here. (I’ve quoted random bits of the article so it seems very disjointed but I’ve tried for each quote to make sense within itself.)

Don’t eat out: unless you’re eating off the dollar menu at fast food (as I have always done), cook your own food!

I like food too much to never eat out. We ate out more in the past than we do now but we still eat out once or twice a week. We don’t go to the most expensive restaurants but not the cheapest either: we rarely choose where we’re going based on price.

One thing though: we don’t spend a lot of money on drinks. I don’t drink alcohol and John doesn’t drink wine so we might have a soft drink/beer respectively when we arrive but will then switch onto tap water. We also invariably have better tea & coffee at home than the restaurant can offer so that’s another saving. Not having a restaurant-cheap bottle of wine and after dinner coffees saves us at least £20 a meal – and when the food bill is only £30, that’s quite a “saving”. (Ken does touch on this later.)

I’d class enjoying food as a hobby – I would never spend £2000 on a camera like Ken would, I’d spend it on 200+ curries instead.

Everyone has their own luxuries. Speaking of which:

“A luxury, once sampled, becomes a necessity.”

I personally both agree and disagree with this. Yes, some “luxuries” become necessities (the day I upgraded to a decent bra from budget ones was a special, special day indeed: my perky boobs never looked back) but it’s not always the case – we went on a really expensive (for us) holiday a few years ago but I’ve equally loved holidays since then which have been considerably less glamorous & far-flung – and have cost a tenth of the price. I’m also happy to eat frugal homemade food the rest of the time to pay for those two meals out a week – mostly because our frugal homemade food can be super tasty, but I think I’d feel the same way if it was more humdrum. Well placed luxuries provide variety in life.