And I thought I would hate 'new math'! We could also throw a few other
figures into that....
$600 saved not having to go to a gym for work out
$1200 saved working stess out on MG rather than with Psychologist
$300 saved drinking beer at home instead of pub/bar (no time to go)
$400 saved on clothing (wore old clothes..stayed at home so didn't need
any new clothes)
$5000 saved cuz I did all the work myself
$1000 saved cuz I got most parts on 25-33% discount
$900 saved in gas cuz I couldn't drive car for 3 years (25 mo X 3 yrs)
$100 saved on water, soap, wax (didn't wash car for 3 years)
$100 saved on oil changes
$100 saved on tires
$3600 saved on tickets (well, I could have gotten a ticket every month
for misc. driving offenses!)
$700 saved on hats (I would have had to have a new hat/cap to wear each
month to prevent my hair from blowing in my face while driving)
So far savings are in excess of $14,200....you're right..I did make
money restoring my MGB!!!!!!!!!!
Thanks so much for putting this in perspective for me!!!
Becky
69 MGB roadster (sweet B)
William M. Gilroy wrote:
>
> WSpohn4@aol.com wrote:
> >
> > <<I just did a dumb thing......I added up all my receipts for purchase of
> > 69 MGB, parts, paint, etc.....$9172!!!!!! To me this is a fantastic
> > example of 'ignorance is bliss'!!!! Wish I didn't know now what I
> > didn't know then.......And I'm not done yet!!!!! >>
> >
> > It's not dumb to add it all up - it gives you an idea of the extent of our
> > lunacy!
> > It _is_ dumb to leave the calculations lying around for significant others
>to
> > see. I had done up a total for the engine and turbo conversion on my street
> > Fiero (around $7000 Can.) because someone else asked for it, but left it
>lying
> > around for my wife to see. Big mistake!!! A friend of mine who is older and
> > wiser told me that he learned very early on that the stock answer to any
> > question about money spent on any car is "It cost $100, dear", whether she
>is
> > referring to a new clutch or a new engine.
> > Something in that, perhaps.
> >
> > Bill S.
>
> Adding up the receipts to figure out what you spent is not how you go about
> something like this. Before you can figure out the total costs, you should
> apply
> the following rules.
>
> 1. If you purchase a tool to help with a job, it is not to be included in the
> total. It does not matter if the tool is MG specific.
>
> 2. Never add in shipping costs or tax.
>
> 3. Do not forget the sale rule: If an item is on sale you did not spend
>money,
> you saved money. For example, if you bought a $100 item at a 25% discount,
>the
> total is not $75, but ($25). So if you buy enough things on sale you can
> actually make money while you restore your car.
>
> 4. If the item is used somewhere else do not add it to the cost. If you
>bought
> paint, but used it elsewhere, it does not count.
>
> I am sure I forget something else but this type of accounting can help make
>the
> final number easier to take. If anyone wants me to rationalize anything else
> let me know.
> --
> William M. Gilroy
> Lucent Technologies
> Room 4F-434
> 200 Laurel Ave.
> Middletown, NJ 07748-4801
>
> E-mail: wmgilroy@lucent.com
> Telephone: 732-957-4775
> Fax: 732-957-4775
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