The convenience paradox

[Cryptomultiplier]

‎Spending out of desire or necessity could be influenced by the proximity of your living space from a retail or wholesale business, which presumes that while one may think they are saving money on wholesale item prices of goods and transportation, they might spend more due to frequency and psychological triggers, which leads to what is called 'the convenience paradox'.
Convenience in reality therefore lowers one's psychological barrier and prompts more spending.
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‎While many people may decide or be forced to live in high-access areas to cause what is called digital friction just to save themselves from this cost, those that live close by may be wise to plan their list of expenses as if the stores or pubs, both retail or wholesale businesses, were miles away, so as to avoid the trap of the daily walk in.
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‎Thus, living in a place close to local retail or wholesale shops with both major and minor businesses, makes one spend more money as compared to living in a place that is far from local retail or wholesale businesses, do you agree?
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‎Your opinion is welcomed!
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[Faisal2202]

‎Thus, living in a place close to local retail or wholesale shops with both major and minor businesses, makes one spend more money as compared to living in a place that is far from local retail or wholesale businesses, do you agree?
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‎Your opinion is welcomed!

I can't agree more with you, because this is so true. There was a time when people in my area used to go to a different city to buy groceries and food items because they were available only there. So it saved people a lot, although they had to spend a lot of time, money, and mostly energy. But now things have changed, and those items are available here as well, so it is easy to buy whatever we want. Not even just the things we need, but also things we want to buy, like new devices, vehicles, and easy access to fast food.

Really, there were no fast food shops near me before, but now there are some, and my expenses have increased because before I was not ordering anything, and now I am haha.

Distance and convenience play a very important role. By the way, convenience plays a bigger role than distance because the fast food shops, for example, are also far from my location, but I can order, which is convenient for me, so I do not hesitate.

[Rikafip]

Yes, I agree to a point. If shops are nearby, its easier to buy things often, even stuff you don't really need. When everything is far away, you think more before going out, so you usually spend less.

Then again, if something is far away, you lose money and time just getting there. You spend on fuel and transport and it takes more effort and planning. Sometimes you end up buying more than needed just to make the trip worth it.

[Alone055]

‎Thus, living in a place close to local retail or wholesale shops with both major and minor businesses, makes one spend more money as compared to living in a place that is far from local retail or wholesale businesses, do you agree?
‎
‎Your opinion is welcomed!
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What about travel or commute costs? Are we not counting them? Besides, I don't think it's about living close or far from retail businesses, it's all about how you basically manage your budget and how you spend your money in general. So many people live nearby and still buy groceries and everything for a whole month on retail because they know their stuff, they know they are going to save money this way instead of buying stuff every day or every week one by one. Those who live far from the city are compelled to do that because they wouldn't want to commute every day for the daily essentials, but that doesn't necessarily mean that those who live nearby spend more money and don't buy on wholesale.

So in my opinion, it's not about living near or far, it's about how someone manages their money. Sometimes, it is possible that someone might not be able to afford buying on wholesale because then you will need to spend more money and they might not have it, especially daily labourors who get daily wages and then have to manage in that alone, but if someone makes enough money, and is still not doing that to save money, they are not very good at managing their money or the budget they have allocated for the basic essentials.

[Fiatless]

‎Your opinion is welcomed!

I would also agree with you that closeness to shops could trigger the desire to buy even what you don't need. But everything depends on people's personalities. There are still those who will be willing to take the long walk to buy things that might not be a need. I live very close to a market but don't have the drive to spend unnecessarily. Having a budget and following it judiciously is the key to spending wisely.

[Spaceman1000$]

‎Spending out of desire or necessity could be influenced by the proximity of your living space from a retail or wholesale business, which presumes that while one may think they are saving money on wholesale item prices of goods and transportation, they might spend more due to frequency and psychological triggers, which leads to what is called 'the convenience paradox'.
Convenience in reality therefore lowers one's psychological barrier and prompts more spending.
‎
‎While many people may decide or be forced to live in high-access areas to cause what is called digital friction just to save themselves from this cost, those that live close by may be wise to plan their list of expenses as if the stores or pubs, both retail or wholesale businesses, were miles away, so as to avoid the trap of the daily walk in.
‎
‎Thus, living in a place close to local retail or wholesale shops with both major and minor businesses, makes one spend more money as compared to living in a place that is far from local retail or wholesale businesses, do you agree?
‎
‎Your opinion is welcomed!
‎
‎
‎

For me I believe that those that live close to the market or where goods are sold spend less when it comes to getting what they want, this is because I live close to a market and whenever I want something, I just walk straight to the market and ask for what I want from different sellers and anyone that fits in my demand or the amount I want to buy, I will walk directly back home without transportation or spending for transportation, then a friend of mine that lives far from the market comes to the market to buy things at a bulk and he spends more but it's once once because he doesn't go regularly.

[goldkingcoiner]

‎Thus, living in a place close to local retail or wholesale shops with both major and minor businesses, makes one spend more money as compared to living in a place that is far from local retail or wholesale businesses, do you agree?
‎
‎Your opinion is welcomed!

Living near local retail definitely will make you more prone to spending money on more things. One reason is the distance is convenient instead of a chore. The second reason is that the marketing everywhere also targets your psychology, so it is easier to desire something new just because you spend more time in the store than you would if you lived far away from the shop. And in that time spent, your eyes are being fed a smorgasbord of new and diverse products.

[viljy]

Of course, there is such an effect. Even the "Shop near Home" retail (grocery) strategy used by the Magnit retail chain (in Russia) is based on it. By the way, placing a certain product at a certain height (usually the third shelf), convenient for a person, is also based on this effect and is used in supermarkets. Whereas the product lying on the topmost or vice versa on the bottom shelf sells worse.

[Marvelockg]

‎Thus, living in a place close to local retail or wholesale shops with both major and minor businesses, makes one spend more money as compared to living in a place that is far from local retail or wholesale businesses, do you agree?

You have to also consider that that long distance from urban centres like a big market also leads to a sense of lack due to the fact that when you need things that should generally cost you little to get, you might be paying extra for in the form of transportation just so you can get those things. And at the same time, other things like medical provision being far from your locality might result to more harm than good.

There's an approach that can be used to reduce unnecessary expenses even if you're resident in a place with a large market. Just buy as many item as neccesary and stock your house so you don't need to buy them In unit.

[Alpha Marine]

There are factors that may make these things true.
Is it an area where there is nothing else that you will spend the money on? Is it an area where you can't order the things you need online? Are they things you can live a few days without, or are they things you can't live without?

So in my opinion, there is no straight answer to this.
I spend more money buying things online than I do buying from the shops, because it's usually groceries I buy from the shops, but online, I buy gadgets and electronics, furniture and home appliances that are much more expensive than groceries.
So staying where there are no things around to spend money on doesn't necessarily mean you would spend less money.

[MarjorieZimmermanGinger]

‎‎Thus, living in a place close to local retail or wholesale shops with both major and minor businesses, makes one spend more money as compared to living in a place that is far from local retail or wholesale businesses, do you agree?
‎
‎Your opinion is welcomed!
‎

This is generally the case, but it may not be the case for everyone. I myself tend to be in the same position as you mentioned and even my children visit these stores quite often because they are close and easy to reach for essential items such as fast food. Living close to these stores can be difficult to limit because even though we try to be frugal, there are still certain circumstances that force us to continue doing so, especially when our children ask for something.

Living close to local retail or wholesale businesses is almost impossible can prevent excessive shopping, especially for children's food needs because it provides easy access to shopping. Unlike living far away, it takes time to get there, even with online services, we are somewhat limited and may refrain from shopping if it's not absolutely necessary.

[el kaka22]

I would guess that as long as you do a budget, and you calculate your absolute needs, and then you calculate how much you are earning, and see that there is a big difference, you will realize why you are spending so much more.

I understand it may not look that great, it should be something that will bother anyone if you are spending more than you earn even though you could avoid that. Wholesale or not, close or far away, we have online world these days so it is not going to cause any trouble as long as you can stay away from it. Make sure you do budget, and get the absolutely needed things, and then for the rest, try to save as much as possible. I know we are not wealthy, but no need to overspend when we do not need to.

[Kelward]

Convenience is making a lot of people to become poor, no matter how attractive their incomes are they will find out that at the end of the month they are already broke and if they don't have the willpower to move out of their convenient zone they will not save or invest. Before the internet you have to plan and physically visit a store to buy what you want and sometimes when you think about the time and energy you might reconsider. In the same way if you're a gambler and you want to gamble you need to leave your comfort zone to visit a physical casino to stake your money and gamble.

Today everything have changed you can stay in your comfort zone and conveniently shop, make payments and have the goods delivered at your doorstep without breaking a sweat. Likewise you can be in the comfort of your bed and make deposit into your gambling account and begin to gamble without any stress. The worst of these conveniences is that you can be in the comfort of your living room and access a loan from a loan app just like that so you can conveniently sit on the same place and spend the money.

People need to learn financial management and discipline if they must survive in this generation of convenience to spend money with ease, know the difference between needs and wants, your needs are basic but wants are numerous and most of them don't have long term value

[akamit]

There are factors that may make these things true.
Is it an area where there is nothing else that you will spend the money on? Is it an area where you can't order the things you need online? Are they things you can live a few days without, or are they things you can't live without?

So in my opinion, there is no straight answer to this.
I spend more money buying things online than I do buying from the shops, because it's usually groceries I buy from the shops, but online, I buy gadgets and electronics, furniture and home appliances that are much more expensive than groceries.
So staying where there are no things around to spend money on doesn't necessarily mean you would spend less money.

The online shopping point is what I think breaks the original argument a little. Distance from a shop doesn't really protect you anymore when you can order from your bed at 2am. Someone living far from everything can still drain their wallet faster than a person living next to a market, just through their phone.

So the convenience paradox didn't go away, it just moved. Physical proximity became digital proximity. If anything it got worse because at least walking to a shop takes some effort. Clicking "order now" takes nothing.

[lovesmayfamilis]

For me I believe that those that live close to the market or where goods are sold spend less when it comes to getting what they want, this is because I live close to a market and whenever I want something, I just walk straight to the market and ask for what I want from different sellers and anyone that fits in my demand or the amount I want to buy, I will walk directly back home without transportation or spending for transportation, then a friend of mine that lives far from the market comes to the market to buy things at a bulk and he spends more but it's once once because he doesn't go regularly.

It's a bit counterintuitive. Wholesale markets, as a rule, differ with the city markets and prices for their goods. Wholesale prices are called wholesale prices because if you buy a lot, you pay less. Isn't that right? If you come to the wholesale market and buy groceries for a week, it still comes out cheaper than daily trips to the store, and the purchase is no longer possible at such "interesting" prices. In addition, such frequent trips, especially on an "empty" stomach, lead to reckless and minute-by-minute expenses that you had not previously thought about. All this is written in many books on the psychology of marketing and is very successfully used in practice.

[Porfirii]

<...>

It's a bit counterintuitive. Wholesale markets, as a rule, differ with the city markets and prices for their goods. Wholesale prices are called wholesale prices because if you buy a lot, you pay less. Isn't that right? If you come to the wholesale market and buy groceries for a week, it still comes out cheaper than daily trips to the store, and the purchase is no longer possible at such "interesting" prices. In addition, such frequent trips, especially on an "empty" stomach, lead to reckless and minute-by-minute expenses that you had not previously thought about. All this is written in many books on the psychology of marketing and is very successfully used in practice.

I think about this many times. That's the reason why large supermarkets make offers every week or every two weeks, and the reason why you get coupons to be spent in a certain period, usually too soon. Because they know that, the more the times you go to their store, the more you will buy things you don't really need (not to talk about about ensuring a market share of the competition in the hypothetical case that you only bought what they offer you at a discount).

Marketing is advancing by leaps and bounds, and nothing that the big chains do is left to chance. Therefore, it is better to know their reasons and make informed decisions.

[o48o]

-cut-
‎Your opinion is welcomed!

Well same goes with food delivery services. Thing is that while convenience will cost more, it's sometimes worth it, as you are paying for time and experience. It's all about your preferences. It might be good for local business to have more customers in contrast to big markets taking over everything.

I am often saving money with bigger orders from bigger markets, but i support my local retailers as well. Its not all about being psychologically manipulated, because not everything is about saving money.

When you are paying for a coffee in a coffee house, you are paying for the coffee that's ready, and a place where you can meet up with a friend. And when you are paying for people cleaning your house, you are paying for time you can spend on doing something else.

[Nanga Parbat]

There are factors that may make these things true.
Is it an area where there is nothing else that you will spend the money on? Is it an area where you can't order the things you need online? Are they things you can live a few days without, or are they things you can't live without?

So in my opinion, there is no straight answer to this.
I spend more money buying things online than I do buying from the shops, because it's usually groceries I buy from the shops, but online, I buy gadgets and electronics, furniture and home appliances that are much more expensive than groceries.
So staying where there are no things around to spend money on doesn't necessarily mean you would spend less money.

We are living in the world of ease. Daily new ways introduced just to make life easy to easier. From wholesaler market to retailer groceries stores and online shopping all are made to save time.  There are many other inventions also exist that's. 
Like AI, that's incredible invention of these days make everything easy for the social media user and for the students. Assignment, data searching, articles writing and much more. That's enhance the work quality or quantity both not only save the time but also save the transportation cost or physical effort.Despite all these benefits it also has some challenges . It becomes difficult to differentiate between fake or the real, original or dummy. Because on one hand It is very important tool but on other hand, it can generate many fake things that's create or harm to anyone or the society. Just because of AI rumours spread easily and fastly that's make audience or public confused. So finding reliabke  source of getting news is become difficult now. Because of these problems  we cannot deny to refuse the use of this AI.

[Findingnemo]

Essential items can't be ignored, be it near the store or far in the woods, you should buy it and buying in bulk will saves you money that is the fact. But people who are stocking items may spend it more than what they do usually because it feels they got more than enough but one with the discipline even in consuming can be the one to save money here.

[Smartprofit]

I'm a very frugal person. I usually buy groceries at inexpensive chain stores (located near my home). 🙋

However, I still buy some products at stores located further away... Why? The answer is simple. For me, the balance between food quality and price is important. If I eat highly artificial foods with lots of chemicals, that's not saving money. It's postponing the problem. Postponing the problem until later. Because such products are very harmful to your health. Yes, unhealthy food probably won't affect your health tomorrow. But sooner or later, you'll need paid medical care (expensive treatment). Unfortunately, that's true. 🤷

I really like to buy products with "yellow price tags" on special offers. But I always make sure they're of more or less high quality.

At the same time, I know that some people buy a lot of groceries at once, just enough to last the entire week.  In my opinion, this approach leads to significant overspending. It's very difficult to plan everything in advance.

Personally, I buy groceries once or twice a day. If I don't have any fruit at home, I buy fruit. If I know I don't have any vegetables, I buy vegetables. My food almost never spoils because I don't buy anything unnecessary.

In fact, I recently analyzed my expenses and concluded that the possibility of reducing them is very insignificant. Yes, some things can be optimized, but not very much. A more promising path is to increase income.