It’s that time of year again – time for New Years’ Resolutions. For 2026, my resolution is to destroy the economy. OK, my goal is really to reduce my consumption but supposedly the entire world economy is based on excessive consumer spending, so I guess I’ve got it in it!
Why reduce consumption?
There are so many reasons. First and foremost, due to inflation my spending level is quite high. Since my goal is to retire in the next few years, I need to keep it down to a sustainable level. There is no indication that things are ever going to get cheaper, so I need to start things off on the right foot.
But an even more prescient concern is that I already have too much stuff. I went through a great deal of effort this fall to prune my vintage electronics collection and cull out old clothing (you should see how many T-shirts I owned). I was literally tripping and falling over stuff and could not even fit all my clothes in the drawer. And, of course, now that Christmas has passed I have even more stuff. I have far more things than I will ever need for the rest of my life.
There’s also the problem of crappy stuff. Things that break cause frustration and waste natural resources. Regardless of where you stand on climate or environmental issues, you must agree that extracting fewer natural resources is better for the planet, even if it’s just to make sure those are there for future extraction.
Perhaps my biggest problem is the “stuff” I put in my face. I am happy to say that this fall I lost 27 lbs. This has made a marked difference in my food bill (hundreds of dollars a month). I was even able to fit into older clothes that I haven’t worn in a long time.
What Will I Buy?
I will, of course, need to buy more stuff as my life progresses. Expendables get consumed, clothes wear out, things break. But my goal is to be more intentional about what I buy. I want to buy better quality stuff that will last longer. I want to buy stuff made in America, or at least in countries with decent human rights records. I do not want to buy things that have internet tendrils or other forms of planned obsolescence.
Obviously, this can be hard to do in the modern world. Most products are made overseas and, in many cases, I can’t control that. But I can control who I buy them from. Even if something is made in China, I prefer to purchase it from an American (or at least Western) brand. These brands have some degree of control over how these products are made and are subjected to scrutiny when poor conditions are discovered.
For the past couple of years, I have purchased made in America shoes. Yes, they cost almost twice as much but I don’t buy that many pairs of shoes a year. I am hoping to get some American made clothes as well, maybe some nice, thick flannel shirts made from 100% cotton (none of that artificial crap). My budget might only allow me to buy 2 instead of 5, but I already have 3 shirts that are 20+ years old and still in good shape.
How Will I Buy It?
I am also intentional about where I buy things. Here are my preferences in order:
- Buy from a locally-owned business
- Buy locally from a big box (They still use local employees and usually treat you well. I’ve had great experiences with Barnes & Noble and Best Buy in recent years)
- Buy online from the manufacturer or a retailer that specializes in something (Digi-Key, Sweetwater, etc.)
- Buy name brand merchandise from the big guy
- Buy no-name Chinese crap from the big buy
The latter category is my last resort, and I try to only use that for products that simply don’t exist in other categories or that are prohibitively expensive (such as the $30 USB cables that Best Buy used to try to sell me back in the day)
And speaking of delivery, I try to avoid delivery services (Instacart, Uber Eats, Doordash) whenever possible. If I want something as simple as a sandwich delivered to my house, I have to enter into a four-party transaction between 1) me, 2) the restaurant, 3) the delivery service and 4) the driver (who is, of course, an “independent contractor” so that he/she doesn’t have to be paid properly and #2 and #3 can be absolved of all responsibility if something goes wrong). I have to pay for the food itself, taxes, a service charge, a delivery charge, and am still expected to tip the driver (who evidently doesn’t get the delivery charge – WTF?) Worse yet, I am expected to provide the tip up front. The word tip comes from (To Ensure Proper Service) – so how can I possibly know how good of service I’m going to get?
Curtailing Credit Cards
Which brings me to my last financial resolution. This is admittedly aspirational, but I want to purchase more with cash next year. Credit cards charge merchant fees that add up to roughly 3% of every single transaction. When you pay with cash or check, the merchant gets 100% of the money you paid. Why should you care? Well, that 3% has to come from somewhere and that somewhere is you – these fees inflate the prices of all goods by 3%.
Here’s the evil genius part – the banks have rigged the system so that each individual person gets punished for making the choice that benefits everyone as a whole. Merchants aren’t allowed to charge less for cash, so you are paying this 3% whether you want to or not. To sweeten the deal, they offer “cash back” where you can “earn” roughly 1% of your own money back. They make it sound like a gift, when in fact they are simply refunding about 1/3 of the exorbitant fee that they charged the merchant.
How can I say this fee is exorbitant? Because the same banks offer debit cards whose transaction fees are about 0.15%. Sure, processing transactions costs the bank something, but I bet it’s nowhere near 3%, probably even less than 0.15%.
Why am I saying this is aspirational? Well, things cost so much these days it’s hard to carry that amount of cash around with you. A family meal at a restaurant costs nearly $100. The ATM only dispenses $20 bills, so I’d have to carry around a hefty stack just to get through a week or two. Also, many businesses have become cash-hostile demanding payment with cards or (worse yet) apps. These tend to be businesses targeted at millennials and Gen-Zs who, I guess, just love paying extra taxes.
Willie Makeit?
As someone who rarely makes New Years’ Resolutions I don’t have a track record to look back upon. Being a software engineer I prefer to use an Agile approach of continuous improvement. Nothing I’ve listed here is new for me, I just hope to do even better at it. But, I guess we’ll know in a year.
If you’ve made it through my 1,222 words of screed, thank you and have a Happy 2026!
