{"id":37,"date":"2015-05-03T13:47:54","date_gmt":"2015-05-03T13:47:54","guid":{"rendered":"http:\/\/www.pennywatchers.org\/blog\/?p=37"},"modified":"2016-09-04T20:15:16","modified_gmt":"2016-09-04T20:15:16","slug":"where-does-all-my-money-go-why-does-it-slip-through-my-hands","status":"publish","type":"post","link":"https:\/\/www.pennywatchers.org\/blog\/where-does-all-my-money-go-why-does-it-slip-through-my-hands\/","title":{"rendered":"Where Does All My Money Go? Why Does It Slip Through My Hands?"},"content":{"rendered":"<p>I&#8217;d like to tell you a quick story about what I experienced at the gas-pump, and what I discovered through my calculations.<\/p>\n<p>I recently purchased 15.965 gallons of gas. The cost per gallon was $2.43 on a cash basis. Therefore, I paid cash to get the lowest price.<\/p>\n<p>I have a coupon with Shop &amp; Shop for $.20 off per gallon. Ordinary, non-thinking consumer math is as follows:<\/p>\n<ul>\n<li>$2.43 &#8211; $.20 = $2.23 per gallon<\/li>\n<li>$2.23 x 15.965 gallons of gas =$35.60<\/li>\n<\/ul>\n<p>However, I was charged <strong>$35.75<\/strong> at the cash register.<\/p>\n<h3>The Rockefeller Trap<\/h3>\n<p>I forgot, or didn\u2019t consider the Rockefeller Trap (<em>the Old Spider King<\/em>).<\/p>\n<p>Rockefeller is charging $2.43 9\/10 or $2.439 per gallon.<\/p>\n<p>Now let\u2019s recompute the charge:<\/p>\n<p>$2.239 x 15.965 gallons =<strong>$35.746535<\/strong> or $35.75.<\/p>\n<ul>\n<li>Ordinary math: $35.60<\/li>\n<li>Creditor math: $35.75<\/li>\n<\/ul>\n<p><strong>A $.15 difference.<\/strong><\/p>\n<p>Now let\u2019s suppose that you got 2 tanks of gas per month and; therefore, under the above you would be spending $.30 per month.<\/p>\n<p>Let\u2019s take $.30 per month x 2.3% x 30 years. This would be worth $7,777.76 at the end of 30 years.<\/p>\n<p>The little pennies that slip away from you is one of the causes as to why money goes through your fingers like water.<\/p>\n<p><strong>Pennywatchers<\/strong> wants and helps you to become laser focused on pennies because, as Ben Franklin said, \u2018<em>A Penny Saved is a Penny Earned<\/em>\u2019.<\/p>\n<hr class=\"line\" \/>\n<p><small>Image credit: <a href=\"http:\/\/www.morguefile.com\/creative\/lightfoot\" target=\"_blank\">lightfoot<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;d like to tell you a quick story about what I experienced at the gas-pump, and what I discovered through my calculations. I recently purchased 15.965 gallons of gas. The cost per gallon was $2.43 on a cash basis. Therefore, I paid cash to get the lowest price. I have a coupon with Shop &amp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/posts\/37"}],"collection":[{"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/comments?post=37"}],"version-history":[{"count":10,"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/posts\/37\/revisions"}],"predecessor-version":[{"id":60,"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/posts\/37\/revisions\/60"}],"wp:attachment":[{"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/media?parent=37"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/categories?post=37"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pennywatchers.org\/blog\/wp-json\/wp\/v2\/tags?post=37"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}