I was emailing back and forth with a reader and this came up:
“My work wants me to get a smartphone, which is great. They’re willing to pay for it, but are being such a pain. Instead of simply paying me $35 for the increase in cost of my current plan, they are making me get me a whole new plan, which costs around $75. What a waste!”
Um, yah! He’s not the only employee in this position, so the company is spending a ton of extra money on phone plans because of some silly bureaucratic practices.
The way I define saving is when you pay less for an item that you were prepared to pay for anyway. I am not impressed with people who get save $900 on a tv but spend $2,500 on it. How much you spend on an item is far more important than how much you save on it.
This reader’s situation is exactly what I call a waste. The company could get the plan for $35, but instead has rules that require it to pay a $40/month premium for each employee.
I’ve heard of people running their finances as if it were a business. In this case, it should be flipped. If businesses made saving a priority, there would a lot more waste.
Readers, what bureaucratic practices make you go crazy?