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	<title>Comments on: Why saving is smart: understanding the law of diminishing marginal utility</title>
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	<link>http://mindyourdecisions.com/blog/2007/10/05/cutting-back-on-expenses-gives-you-more-bang-for-your-buck/</link>
	<description>Articles on game theory and personal finance</description>
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		<title>By: The St. Petersburg Paradox: a flimsy critique of expectation theory by people who don&#8217;t know math or economics - Mind Your Decisions</title>
		<link>http://mindyourdecisions.com/blog/2007/10/05/cutting-back-on-expenses-gives-you-more-bang-for-your-buck/comment-page-1/#comment-6654</link>
		<dc:creator>The St. Petersburg Paradox: a flimsy critique of expectation theory by people who don&#8217;t know math or economics - Mind Your Decisions</dc:creator>
		<pubDate>Mon, 07 Jun 2010 08:46:54 +0000</pubDate>
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		<description>[...] is an example of the famous concept of diminishing marginal utility&#8211;the idea that at larger levels of consumption, incremental units are worth less. The concept [...]</description>
		<content:encoded><![CDATA[<p>[...] is an example of the famous concept of diminishing marginal utility&#8211;the idea that at larger levels of consumption, incremental units are worth less. The concept [...]</p>
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		<title>By: Three Suggestions to Help You Forget about Your Budget and Enjoy Life More : Brazen Careerist</title>
		<link>http://mindyourdecisions.com/blog/2007/10/05/cutting-back-on-expenses-gives-you-more-bang-for-your-buck/comment-page-1/#comment-1856</link>
		<dc:creator>Three Suggestions to Help You Forget about Your Budget and Enjoy Life More : Brazen Careerist</dc:creator>
		<pubDate>Fri, 30 May 2008 11:04:13 +0000</pubDate>
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		<description>[...] have such self-control. When I see delicious food, I can’t resist the smells and the taste and I simply stuff myself. In fact, just looking at that cheesecake picture is making me [...]</description>
		<content:encoded><![CDATA[<p>[...] have such self-control. When I see delicious food, I can’t resist the smells and the taste and I simply stuff myself. In fact, just looking at that cheesecake picture is making me [...]</p>
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		<title>By: Marcel</title>
		<link>http://mindyourdecisions.com/blog/2007/10/05/cutting-back-on-expenses-gives-you-more-bang-for-your-buck/comment-page-1/#comment-1683</link>
		<dc:creator>Marcel</dc:creator>
		<pubDate>Sun, 04 May 2008 16:48:18 +0000</pubDate>
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		<description>Hello Presh,

Thank you for your posting on DMUs. I am in the process of preparing a speech for our Toastmasters club and came across your web site as part of my research.

My speech will focus on a quote I came across some years ago: &quot;A Great Thing to Know: One of the greatest things to know, and often the least known knowledge,...is when you have enough.&quot;

Your pizza story will assist me in demonstrating my views on the quote and I thank you for this. 

Our part of the world lives in a land of plenty, however the feeding frenzy cannot sustain itself. We need to simplify our pace of life and learn how to be satisfied with less or focus on quality vs quantity. 

A simple example I came across the other day. Every work day I pick up a muffin at a local deli and have tended to wolf it down to satisfy some hunger/taste craving and have grown accustomed to it and take it for granted. One day I decided to pretend it was the last muffin I was ever going to consume. Well oddly enough, the muffin tasted that much better and, eventhough I wanted a second one, I simply controlled the urge and accepted that one was enough. It&#039;s odd the little tricks we can play on our minds. 

I think if we ignored the flyers in the mail, turned off the tv during commercials, stayed away from the malls and stopped comparing with others that we would have better control of our wants/needs (desires).

Cheers

Marcel

ps - I find it entertaining when companies keep harping about all the money we &quot;save&quot; when an item is on sale. I even recall a commercial saying &quot;What are you going to do with the money you saved&quot;. Well you don&#039;t &quot;save&quot; anything... you just end up &quot;spending&quot; less money. There is a difference...</description>
		<content:encoded><![CDATA[<p>Hello Presh,</p>
<p>Thank you for your posting on DMUs. I am in the process of preparing a speech for our Toastmasters club and came across your web site as part of my research.</p>
<p>My speech will focus on a quote I came across some years ago: &#8220;A Great Thing to Know: One of the greatest things to know, and often the least known knowledge,&#8230;is when you have enough.&#8221;</p>
<p>Your pizza story will assist me in demonstrating my views on the quote and I thank you for this. </p>
<p>Our part of the world lives in a land of plenty, however the feeding frenzy cannot sustain itself. We need to simplify our pace of life and learn how to be satisfied with less or focus on quality vs quantity. </p>
<p>A simple example I came across the other day. Every work day I pick up a muffin at a local deli and have tended to wolf it down to satisfy some hunger/taste craving and have grown accustomed to it and take it for granted. One day I decided to pretend it was the last muffin I was ever going to consume. Well oddly enough, the muffin tasted that much better and, eventhough I wanted a second one, I simply controlled the urge and accepted that one was enough. It&#8217;s odd the little tricks we can play on our minds. </p>
<p>I think if we ignored the flyers in the mail, turned off the tv during commercials, stayed away from the malls and stopped comparing with others that we would have better control of our wants/needs (desires).</p>
<p>Cheers</p>
<p>Marcel</p>
<p>ps &#8211; I find it entertaining when companies keep harping about all the money we &#8220;save&#8221; when an item is on sale. I even recall a commercial saying &#8220;What are you going to do with the money you saved&#8221;. Well you don&#8217;t &#8220;save&#8221; anything&#8230; you just end up &#8220;spending&#8221; less money. There is a difference&#8230;</p>
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		<title>By: I Don’t Budget At All—Here’s Why : Brazen Careerist</title>
		<link>http://mindyourdecisions.com/blog/2007/10/05/cutting-back-on-expenses-gives-you-more-bang-for-your-buck/comment-page-1/#comment-1412</link>
		<dc:creator>I Don’t Budget At All—Here’s Why : Brazen Careerist</dc:creator>
		<pubDate>Thu, 17 Apr 2008 15:39:45 +0000</pubDate>
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		<description>[...] Build good spending habits by aggressively cutting wasteful expenses  [...]</description>
		<content:encoded><![CDATA[<p>[...] Build good spending habits by aggressively cutting wasteful expenses  [...]</p>
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		<title>By: How to Decide If You Should Work More or Spend Less : Brazen Careerist</title>
		<link>http://mindyourdecisions.com/blog/2007/10/05/cutting-back-on-expenses-gives-you-more-bang-for-your-buck/comment-page-1/#comment-1156</link>
		<dc:creator>How to Decide If You Should Work More or Spend Less : Brazen Careerist</dc:creator>
		<pubDate>Fri, 21 Mar 2008 04:55:26 +0000</pubDate>
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		<description>[...] When I hear this question, I say I want both. I need to earn more so that I can enjoy higher quality products. But for a given income level, I need to save more so that I get more bang for my buck. [...]</description>
		<content:encoded><![CDATA[<p>[...] When I hear this question, I say I want both. I need to earn more so that I can enjoy higher quality products. But for a given income level, I need to save more so that I get more bang for my buck. [...]</p>
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