Pennies Are Not From Heaven

Most bills you pay include many components:

• Cost of Goods/Parts/Materials
• Labor
• Tax
• etc..

One component you can control is the hidden cost of convenience. The convenience costs takes many forms but if you look for it you can find it.

Examples: Food

• Whole chickens versus boneless chicken breasts
• Shredded cheese versus block cheese

Examples: Shopping

• Local neighborhood upscale grocery store versus Wallmart supercenter across town

In these examples if you take the time to do more of your own food preparation or drive an extra 15 minutes you be able to reduce those hidden convenience costs.

Convenience costs that can be eliminated include

• Proximity
• Additional processing
• Additional services
• Delivery

Apply the same logic to almost any other category costs you most likely you’ll be able to find an alternative way to fulfill your need without paying extra for convenience.