Tuesday, June 15, 2010

Just in Time Accounting:

A way to decrease costs, and increase efficiency. Scott has really latched onto this idea in terms of our (Read: MY) purchases. If we are at the store and say, the croutons are on sale, my impulse is to buy about 3 boxes. Scott says that this is unnecessary and it is spending more money than is needed and is taking up space we don't have. He then gives me a pitch about embracing "Just in time" purchasing. (Maybe he forgets that Accounting and Economics were my all-time WORST classes in college...)

From my perspective, I know that we will eat all 3 bags of croutons in the relatively near future. At 1/3 a bag each night in our salad, we go through croutons pretty darn fast. So I save myself from going down the crouton isle every shopping trip, debating which flavor to pick again, and from paying full price the next week when they're not on sale anymore! Right?

This "Just in time" accounting principle has been used in other situations as well. Primarily my crafting hobby when I see something I "know I will for sure use" sometime down the road. Or when I find a great game like Catch Phrase at a garage sale, and buy it even though we already have that game. This way, when our raucous game of Catch Phrase breaks that little machine (that by the way, gets whomped and thrown and pounded...) I will have another on hand :) (For $2 instead of $20 at Target).

Disclaimer: Please nobody call the show Hoarders and turn me in... I promise I have a plan for everything "extra" that I buy :)

Is Scott right? Should I stop buying things I don't immediately need? Where is the line? How do you know when to buy, or not to buy?

5 comments:

Noelle said...

There is some truth to "just in time" purchasing especially if you buy things just because they are on sale and you may never need them. But all the food storage articles I've read tell me to buy items that you will definitely use if they are on sale because it will end up saving you money. Maybe make a list of items you need for certain recipes and then just keep a stock of only those things and don't worry about the rest. Buying extras of the same game is a little much I think...

Lisa said...

I'm with you! Of course you buy them when they are on sale--as long as you are sure you are going to use them before they expire. Duh! That can save you lots of money! I do all of my shopping that way. I always stock up on things (that I know I will use) when they are on sale. I get as many as I can use before they expire or enough to last me until I think they will go on sale again. And there is always room to put stuff. Just tell him it is food storagae which is a commandment so therefore you HAVE to do it! Good luck settling that! You're definitely right though. Scott is just being a boy so it's not really his fault. Boys just don't understand these things. Haha.

Margene said...

I say buy it. You do need a years supply of the things that you eat not just wheat and sugar. Scott will get over it.

Steve and Jess said...

haha Steve is the same way!

NatalieD said...

Tell Scott to remember that turnabout is fair play. He really only needs one shirt for church, one shirt for work and one shirt for play. The same goes for pants, socks, shoes. He can do his laundry every night. I'm just saying.