Pantry Recession

No sooner than I post about me hoarding Castrol Motor Oil and calculating the money I did NOT spend, than an article shows up in one of my favourite on-line newspapers, (I do NOT spend money on hardcopy, whenever possible) which furthers the argument that stocking up when items are on special is sound money management.

Copy/paste the following URL

http://www.theglobeandmail.com/globe-investor/the-pantry-recession/article1197536/

or click on the link to the Pantry Recession article.

We, as consumers, are enticed to pay full retail for our supplies, and in overheated markets, even engage in bidding wars, especially for houses. Since my motor oil haul, I've made other voluminous purchases on other household staples. I'll post about my little victories shortly.

The main thing to remember about buying anything on special is that the item must be something which you use as a matter of course. If you bought something only because the price was attractive but end up not using it, then you lose.