I could have sworn I already did a post on this. But I was trying to type up a tiny rant and wanted to link to it and I could not find it! (Right now I’m thinking it was a post on a forum and not on the blog.) And the tiny rant won’t make as much sense if you don’t know what a gazingus pin is. So this post is so a future post makes more sense. :) Also, it’s an awesome idea by itself, thanks go to the book Your Money or Your Life for initially posing it.
A gazingus pin is something that you just buy. You may not have it in that color. You may not have quite that flavor. You tend to have a lot of them, far more than you really need, and sometimes you may even have more than you can use. Common examples are flavored lip balm, or shoes, or yarn. Alternatively they could be the latest electronic thing, or power tools, and so on. They’re tiny pleasures, but if overdone, the pleasure can be diluted because it has become a habit more than a treat. And sometimes they’re not so tiny pleasures because the gazingus pin in question is expensive or the sheer quantity of pins adds up disproportionate to a person’s budget. When either one of those scenarios happen, it’s a good idea to think mindfully about the spending habit and maybe even cut back on it.
At grumpy rumblings, it’s pretty obvious that both of us have the same gazingus pin: books. And this isn’t a habit that we’re willing to give up. However, it’s a habit we can afford. We don’t let it interfere with maximizing our individual utilities subject to our budget constraints. We also put book-wants on our Amazon lists rather than just buying them. Using the Amazon list in this way, btw, is a form of delaying gratification to get only what you really want— a month or so before Christmas or her birthday, #1 will cut out the books she didn’t really want, thus limiting the total number of book purchases. Eventually all those books will get read and/or reread.
What’s your gazingus pin? Are you buying the right amount of it?