Is it frugal to buy something you don't really need right now?
Every time I go into town, about once a week, I check out Home Depot for Clearance items. You never know what you might find.
I once got a $150 microwave for $25.00. That was a great deal. Often times I have picked up tools or tool accessories as much as 75% off.
My theory is to buy things at those clearance discounts even if I don't need it right away. Most of those great buys will be put into use soon enough, or I will make sure I use them to build something. I love stocking up on supplies, like grass trimmer line that sells for $15.00 but on clearance for $1.50. Don't need it today, but will need it soon enough.
Today, I came across the Ryobi 40v 14 inch brushless chainsaw that was on Clearance, originally $229,00. marked down now to $115.00.
OK, I already have one Ryobi 40v 14 inch chainsaw, but this clearance price on this new chainsaw was too loud for me to ignore. My old chainsaw is still working just fine, but it is no longer under warranty. If it dies, I would have to replace it with a new chainsaw, probably at the current price at that time. So, does it make frugal sense to buy a new chainsaw that I don't need right now?
I should mention that I am a veteran, so I got another 10% off the Clearance price of $115.00, making the cost to me at $103.50, plus tax. Every little bit of discount helps. I also used one of my credit cards that gives me 1.5% cash back on purchases, so I saved more money there, too.
This new chainsaw comes with a 5-year warranty. So, I know I've covered for that period. That has value to me. Essentially, I have a chainsaw under warranty for about $20 per year.
Since the new chainsaw is the same as the old chainsaw, and the battery and parts are interchangeable, I can use the parts of a broken chainsaw on the working one. For example, a replacement chain for this chainsaw costs $21 at Home Depot, and a replacement bar sells for about $25.00.
Super frugal upgrade...
Ryobi has now come out with 40v 18-inch chainsaws. I contacted Ryobi support and asked them if the 40v motors on the 14 and 18 inch models was essentially the same and if I could upgrade my 14-inch bar and chain with and 18-inch bar and chain. They told me the motors are essentially the same build and that I could upgrade to a longer bar if I wanted. I just so happen to have an 18-inch bar and chain combo hanging on my rack in the garage.
Here is what the Ryobi 40v 18-inch chainsaw currently sells for....
In the end, I will end up with a $300.00 Ryobi 40v 18-inch chainsaw for less than $110.00 after I upgrade this 14-inch chainsaw with a longer bar and chain. FWIW, I purchased an 18-inch bar and chain combo last year at our Fleet store on Clearance for about $5.00. Super deal at the time, and another instance where I did not need it at the moment. But I knew I would use it in the near future. That time is now.
To answer my own question, I find it very frugal to purchase some items at deep discounts and clearance sales even if I don't need it at the time. I always have a small fund of "disposable" money for those type of deals. I believe it has saved me lots of money over the years.