I pulled out my calculator after reading comment left by a reader named Bobbi, who writes a frugal living blog called Bobbi’s Bargains.
She wrote this after I divulged I had broken my moratorium for a third time to pay an embarrassing $3.50 library fine with a credit card.
If you are going to break your moratorium, it might as well be for one of the best bargains in America – the public library system.
Recently, I did a little bit of math and realized that I had saved at least a QUARTER OF A MILLION DOLLARS by using the public library system. And that is a conservative number.
So, really, you will be saving way more money than you just spent if you take advantage of this wonderful resource that we have at our fingertips (literally)… http://www.lapl.org (website for Los Angeles Public Library)
I was skeptical so I asked Bobbi to show me her math and she followed up with:
I figured that I have taken out an average of 20 books a week at an average cost of $15 a book for 17 years. That comes out to $265,200.00.
It’s true! 20 (books a week) x 15 (ave. cost of book) x 52 (weeks in a year) x 17 (years)- 256,200. I asked Bobbi how she possibly read 20 books in a week. Turns out she home schools her kids. Some weeks she had more than 100 books at home.
Aha! Now this makes sense. I’m going to talk to Bobbi more about the finances behind home schooling so stay tuned.