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Thread: spending $500

  1. #16
    Join Date
    Jul 2006
    Location
    Athelstone, SA 5076
    Posts
    4,255

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    Quote Originally Posted by desbromilow View Post
    Simon,

    this is exactly my dilemma - coupled with the time constraint of an expiry code on the card....

    FWIW
    I have some cordless tools (thank you masters closing sale)
    I have a RAS I am doing up
    I have a cutoff saw and several angle grinders
    my buzz boxes meet my current welding needs

    I've lived so long "counting pennies" that I have adequate tools which I then embellish to do what I need.

    Thank you everyone for your responses, and the reassurance that I'm not alone in this type of thinking.

    Des
    how could spending money be a dilema for anyone.....(swmbo has taught me a lot when it comes to spending money)

  2. #17
    Join Date
    Feb 2015
    Location
    Oz
    Age
    73
    Posts
    459

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    These are some of my storage solutions:

    Under the red toolbox stand I welded some angle strips and slid some $2 plastic drawers, same over the compressor. They store cable, wire, hose and so on.

    The red, steel, 5 drawer units I got from Officeworks. Lined with marine carpet and sprayed with WD 40. Taps dies, handles, loupes, meters, etc.

    The shelving unit underneath I made myself, it stores, drills, sanders, air tools, angle grinders and so on.

    The yellow drawer system came from the cheap shop. They store electronics, hole saws, grommets, Forstner bits, glass drill bits, plastic bags, stud finders, screws, rivets, nails and so on. These are brilliant - and cheap at $25 a pop.

    The gray steel drawer system I rescued from a skip bin many, many years ago. Bolts, nuts, bearings, pillow blocks, locks, screws, helicoil, chain, one off screw drivers, et cetera.

    The wooden drawer under my lathe is for measuring gear. It's line with marine carpet and sprayed with WD40 every now and then.
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  3. #18
    Join Date
    Oct 2007
    Location
    Sydney
    Posts
    3,112

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    How about 350 bucks worth of materials, the desire to make "stuff", and the change will be be spent on the inevitable tool you find you can't live without to finish the job. Each time you find you have the problem of too much money you repeat the process. In a number of years you have a shed full of useful tools instead of a bunch of crap you thought was a good idea at the time, plus the knowledge of how to use them

  4. #19
    Join Date
    Aug 2011
    Location
    Melbourne
    Posts
    4,779

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    Quote Originally Posted by eskimo View Post
    how could spending money be a dilema for anyone.....(swmbo has taught me a lot when it comes to spending money)
    It's not REALLY a problem, more a problem of a first world country. However, the dilemma reminds me of a typical situation I find in my job. A department receives some unexpected funding that needs to be spent so then decides what to spend it on. It invariably results in wasted funds. It's must better to develop a business case to purchase a piece of equipment through a needs analysis and then secure the funding to purchase.

    Similar situation happens to me too! It's always important to spend the money otherwise it gets re-allocated into general revenue and is spent paying bills and buying groceries!

    Simon
    Girl, I don't wanna know about your mild-mannered alter ego or anything like that." I mean, you tell me you're, uh, super-mega-ultra-lightning babe? That's all right with me. I'm good. I'm good.

  5. #20
    BobL is offline Member: Blue and white apron brigade
    Join Date
    Feb 2006
    Location
    Perth
    Posts
    7,182

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    Quote Originally Posted by simonl View Post
    It's not REALLY a problem, more a problem of a first world country. However, the dilemma reminds me of a typical situation I find in my job. A department receives some unexpected funding that needs to be spent so then decides what to spend it on. It invariably results in wasted funds. It's must better to develop a business case to purchase a piece of equipment through a needs analysis and then secure the funding to purchase.
    That used to happen at Uni. The organisational unit above the one I was in, or the ones above that, would regularly cut the annual budget from smaller units under them for some inexplicable reason. Then every few years the higher up units would make themselves benevolent by saying - we have excess funds and you have been given $x and have y weeks or even days to spend it. What used to gall me was that that since most of the funding was based on student numbers it was all originally brought into the uni by the smaller units to begin with!

    Anyway the speed of expenditure result was not always good. So much money was wasted, especially in computers. One mob bought a piece of gear that cost over $120k and cost $35k to install! and it was used 3 times and then sat there going rusty and occupying a large lab for 18 months. Then it cost the department $30k to have it removed and the lab restored to general use. Yet another reason why I retired early.

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