The Dollar Stretcher Store
The Dollar Stretcher Store

Ways to Relax During Tough Times

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May 11, 2020
Volume 25, Number 19



From the Editor's Desk
by Gary Foreman
gary@stretcher.com

Hello to all my Frugal Friends!

 

I have a confession to make. It won't surprise anyone. For all of my life (especially for the last 25 years with The Dollar Stretcher), I've focused on getting value for my money. Often that meant finding the lowest price for an item.

 

Along the way I learned that price wasn't the only thing to consider if you wanted value for your money. Depending on the item and how you planned on using it, sometimes quality and durability were equally, if not more important, than price. For instance, a cheap washing machine that won't last isn't a bargain. Especially if you have a large family and lots of laundry.

 

Recent events have caused me to add something new to my product comparison - where an item was made.

 

Last week I wrote about Just In Time (JIT) inventory management and how it was effecting shortages in the economy (see What You Need to Know about Shortages). JIT means that there's rarely a large supply of anything sitting in a local warehouse. Only a small supply is waiting for immediate delivery.

 

This isn't so critical if you're talking about t-shirts made overseas. If there were a shortage of t-shirts, we'd probably all survive without losing sleep.

 

But other items are more critical. For instance, our food supplies, medical supplies and other essential items. We can't afford to be without them for an extended period.

 

JIT inventory assumes that there's a small supply that can be quickly delivered. That might not be true if the supply is coming from outside the country. That should be a concern for all of us. It's reported that critical medical supplies are only available from overseas. That shouldn't be.

 

What can you and I do about it? The easy answer is to demand that Congress pass a law. And, we should do that.

 

But we should also take steps as consumers to encourage businesses to buy domestically. We can do that with each purchase we make. Look at the label to see where something was made or processed. Ask the question. Even if you're buying online, you can contact the store. It only takes a minute. Choose domestic products wherever you can.

 

It'll take a little extra effort. And sometimes cost a little bit more. But I see two major benefits. First, you'll be helping to keep a neighbor employed. Second, you'll make it easier to avoid supply chain shortages like what we're seeing in the meat isle today.

 

Can any one of us do it alone? No, we can't. But if enough consumers begin to buy American and find out where our products are made, smart stores will begin to get the idea and join the effort.

 

Keep on Stretching those Dollars!
Gary



Ways to Relax During Tough Financial Times
Use these techniques to easily relax and relieve stress.

Money Tools Women Need for a Secure Financial Future
Women relate differently to money than men and they need different tools.

Summer Kitchen Energy Efficiency
Reduce the amount of energy you use in the kitchen.


Summer Garden Maintenance Savings
Your garden needs special care during the hot summer months.

What Financial Ignorance Could Cost You
You could be thousands richer!

How Much Life Insurance Do You Need? A Checklist
It's a question you need to answer.


Your Changing Insurance Needs as You Approach Retirement
Re-evaluate your insurance coverage as you approach retirement.

Healthy Grilling Tips
Enjoy your grill but protect your health.

Money-Saving Tactics for Busy People
These savvy time investments can lead to big savings.
 
TipsSee TDS Readers' Tips
 
Do You Have a Tip to Share?
Do you have a tip that you'd like to share? Just send your suggestion to Tips@stretcher.com.

Recommend The Dollar Stretcher
 
Click here to invite your frugal friends.

Can We Help You?



The Dollar Stretcher and Dollar Stretcher, Inc. does not assume responsibility for advice given.  All advice should be weighed against your own abilities and circumstances and applied accordingly.  It is up to the reader to determine if advice is safe and suitable for his/her own situation.


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