General Discussion Triathlon Talk » Economy and new tri toys Rss Feed  
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2008-11-28 1:35 PM

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Expert
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Illinois _ Chicago area
Subject: Economy and new tri toys

Here it is... Black Friday, the annual get out there and buy, buy buy.  But where am I?  Sitting at my computer posting a question to all you nice people. Why am I sitting here instead of joining in the frenzy.  Well, I hate shopping in crowds, but that's not the point of this thread.  I'm sitting here because hubby and I are really counting our pennies these days so it's only buy what we need, due in part the the fact that we have a kid in college. (private college tuition - yikes) That combined with the escalating cost of living, etc...

So... finally, here's my question.  Triathlon is seen basically as a sport of the more financially well off, but how many of you will be looking at not doing as many races, or putting off getting some new toy.  For me, I opted not to do a couple of running races this fall so that I can put that money toward tri entry fees and the only new toys will be the essentials such as shoes and swim suits.  How depressing.



Edited by suzimmer 2008-11-28 1:36 PM


2008-11-28 1:39 PM
in reply to: #1829606

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Subject: RE: Economy and new tri toys

Yeah, I know.   I got laid off in August so had to re arrange a couple late summer races and stay at a relatives rather than on site.   I didn't change any race plans since they were all paid for.

Thankfully, now re employed but have to pay off a couple debts before I can start playing again

But it's all just stuff, right?  I have to say my race "experiences" have been worth more than buying a new bike or the latest garmin.  

2008-11-28 2:25 PM
in reply to: #1829608

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Master
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Subject: RE: Economy and new tri toys
I am looking at my unemployment as an opportunity to train and race more!
2008-11-28 2:41 PM
in reply to: #1829606

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Master
1639
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Robbinsville NJ
Subject: RE: Economy and new tri toys
Don't plan on racing less (probably more) next year but have decided not to upgrade the bike this year more than likely. Now if I manage to win my 2 fantasy football leagues which could net me upwards of 2K then all bets are off (as long as the wife doesn't find out).
2008-11-28 2:55 PM
in reply to: #1829606

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Extreme Veteran
468
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Webster, Ma
Subject: RE: Economy and new tri toys
I am still spending. I pretty much buy a new toy every month. No I dont make a lot of money but I do work 2 jobs and like to reward myself when possible. Sept I bought a new Cervelo, Aug a QR wetsuit, Oct a Cycleops Fluid 2 trainer, This month a Garmin 305.
2008-11-28 3:19 PM
in reply to: #1829606

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Expert
703
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Colorado Springs
Subject: RE: Economy and new tri toys
I tend to be cheap in good times.  So, it really does not have much of an effect on my patterns.  


2008-11-28 6:27 PM
in reply to: #1829606

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Expert
3126
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Boise, ID
Subject: RE: Economy and new tri toys
I am lucky enough to have a county job so I am pretty secure. I am however seeing a big reduction in access to credit which is putting off my purchase of a P2C. I really want to get one now before the 08's are all sold out, but I suppose the wait will just make it that much sweeter when I finally get it.
2008-11-28 7:08 PM
in reply to: #1829606

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Expert
798
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Kewaunee, WI
Subject: RE: Economy and new tri toys

The only thing I really spend copious amounts of money on is my favorite hobby....triathlons. I think doing a race is a relatively cheap date.  I tend to live lean in good and bad times. We have always been savers.

I just bought myself a P2C. I plan on riding the Cervelo to the ground. Just like I am driving my Volvo to the ground.  When I spend money it is always on something very special and it is usually expensive. I don't live life on the cheap because it is way toooo short.

2008-11-28 8:17 PM
in reply to: #1829606

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Subject: RE: Economy and new tri toys
I have not noticed a big change in $$$. If anything, we are better off than a year ago. We moved the girls to a gymnastics place 45 min. closer to home so our gas costs have dropped and likely save us more than the other increased costs hurt us....but I am still not toy shopping. I am geting a pair of tri shoes cuz my nice road shoes take forever to put on in T1....taking off is no easy task in t2 either....my old steel frame GT 5 will keep me MOP and that is fine
2008-11-29 7:19 AM
in reply to: #1829893

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Elite
2527
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Armpit of Ontario
Subject: RE: Economy and new tri toys

I'm naturally a cheap b@$t@rd but don't have a problem spending on my toys. I'll also be spending more on races this year, likely more than any other year and will also be travelling to venues for the first time, requiring motel stays, etc.  

We're fortunate in that were pretty much unaffected by the economic downturn, our investments being unaffected and we have stable, secure employment. Personal changes have taken place in our lives, however, that are siphoning some disposable income like a grandchild that we're (gladly) throwing money at, one child just starting university and  another going off next year, which will cost us in the area of $150,000 over the next 5 years, a complete kitchen reno we're just starting that will eat up 1/2 years' salary, etc.

 

2008-11-29 7:39 AM
in reply to: #1829606

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Member
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Medford, NJ
Subject: RE: Economy and new tri toys
I'm cheap to begin with, so I'm probably not changing my habits much.

I think we'll see a change in 'big ticket' items. Less people casually buying a Cervelo to get into the sport and less people already in the sport upgrading the bike they already have. LBS' and triathlon stores have been quiet from what I've seen. Some of the smaller guys may go out of business if they don't have an income stream (loyal repair base, people that still buy smaller items because they are riding/racing regularly).

As far as races go, I don't see those being affected. A race is a fairly cheap expense, and can get rolled into a vacation. The very top race sell out, so a decrease in demand for these will not be felt.


2008-11-29 7:54 AM
in reply to: #1829606

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Expert
958
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Mississippi
Subject: RE: Economy and new tri toys
I'm happy with most of my equipment right now, but it did make me rethink my plan to do IMFL next year.  I was at the registration page with my name and all typed in, credit card out, and thought to myself, "Seriously? $550 on my credit card right now? Nah, I better wait."  Which was the HARDEST thing to tell myself.  It'll be there when I am in better financial shape to do it. . .
2008-11-29 4:12 PM
in reply to: #1829606

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Champion
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Subject: RE: Economy and new tri toys
I'm retired, but my wife is still working and will for 2 or more years - so that helps. Our savings took a pretty good hit, although up here in Canada our investments are perhaps a bit more protected than they would be in the U.S.

Still, I'm looking to be more cautious in my spending, even though this does not come naturally to me! Over the years, my tri-related spending has been a frequent source of contention between my wife and I, and the sad thing is that I know she is right -- has been, will be.

My first foray into relative frugality is running shoes, where my contentment with Newton may be something I can no longer afford. I bought another pair of Gravity recently, and when the credit card bill came in it was for $246 CDN. I have a pair of the new all-weather Newtons on order, but once they arrive I'll have to decide if I can really afford them, with the same exchange cost as the Gravity. So, I am venturing into Saucony, just seeing if my feet can be happy in something less expensive than Newton. If they don't work, it might be back to Asics...or onto Mizuno. HOWEVER, I am not totally committed to switching from Newton, as my love of triathlon and competing is great enough so that, ultimately, I will not sacrifice comfort and performance to save money, at least on running shoes.

But I'm trying. Honest. Cross my heart.
2008-11-29 4:35 PM
in reply to: #1829606

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Subject: RE: Economy and new tri toys
suzimmer - 2008-11-28 2:35 PM

.  Triathlon is seen basically as a sport of the more financially well off,

 

I don't find that to be true, I know more middle income people who do tris than I do "Well Off" people.

2008-11-29 4:47 PM
in reply to: #1830408

Subject: ...
This user's post has been ignored.

Edited by PennState 2008-11-29 4:48 PM
2008-11-29 6:31 PM
in reply to: #1830415

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Subject: RE: Economy and new tri toys
PennState - 2008-11-29 4:47 PM
colby995 - 2008-11-29 5:35 PM
suzimmer - 2008-11-28 2:35 PM

.  Triathlon is seen basically as a sport of the more financially well off,

 

I don't find that to be true, I know more middle income people who do tris than I do "Well Off" people.

Actually I read the mediane income of IM triathletes is 160,000+

  1. Most triathletes aren't IM
  2. Many of us are just refocusing our $$ so that we can continue our favorite activities

My favorite activities:

  1. Triathlon
  2. Friends
  3. Food & Wine
  4. Sex
Some of those don't cost a dime, others are pretty pricey...I'm not giving up ANY of them unless I have to!


2008-11-29 6:35 PM
in reply to: #1829703

Extreme Veteran
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Chicago
Subject: RE: Economy and new tri toys

I still have my job and I always watch what I spend so I'm not planning on any cutbacks.  Actually I'll be spending more on triathlons.  This will be my first year where I focus on them instead of just something to do between marathon training.  I don't have a good bike so I'll be getting a new one.  I'll be getting a bike trainer soon and a wetsuit as soon as I find a place to try some different ones on.  Plus more races.  



Edited by protoplasm72 2008-11-29 6:37 PM
2008-11-29 7:39 PM
in reply to: #1829606

Regular
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Subject: RE: Economy and new tri toys
Hi, I'm new to the sport and can totally relate to the subject of this thread.  I've been dreaming about doing my first race, but pricing out all of the gear I'll need--bike rack, aerobars, wetsuit, trisuit, prescription goggles, etc.--has deflated my enthusiasm somewhat.  I'm starting my own business and so don't have a steady income right now, and putting stuff on plastic isn't too appealing either.  I'm hoping that if I buy one thing every couple of months, I'll be okay.  It makes me realize why I loved trail ultrarunning so much, when I could buy all the gear I needed for $200-$300!
2008-11-30 11:50 AM
in reply to: #1830408

Expert
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Illinois _ Chicago area
Subject: RE: Economy and new tri toys
colby995 - 2008-11-29 4:35 PM
suzimmer - 2008-11-28 2:35 PM

.  Triathlon is seen basically as a sport of the more financially well off,

 

I don't find that to be true, I know more middle income people who do tris than I do "Well Off" people.

I didn't necessarily mean upper bracket, but those who can plunk down $2000, $3000... on a new bike and not really give it a second thought, people with disposable income which would qualify them, IMO, as financially well off.

2008-11-30 12:16 PM
in reply to: #1829606

Master
1702
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Southern Ontario
Subject: RE: Economy and new tri toys

I'm cheap to begin with.  I look at everything and calculate my actual use of the item. 

Having said that, I have made a lot of purchases in the past 4 months - more than I have in the past couple years.  (Mostly clothing - but also my new-to-me bike.)  I've re-acquainted myself with triathlon this past year and I've worked really hard.  I don't buy new cars, new furniture, etc.  In terms of a bike - I doubt I could ever justify the 3000$ price tag on a bike with the equipment I would want.  So I got what I wanted but paid what I felt was acceptable.

Overall I often wait until things go on sale. I also buy from places like Chainlove.com.

I'm looking at racing more next year.  However, I'm in a stable job and my car is recently paid off which generates more disposable income for racing... *smile*

2008-12-01 1:38 PM
in reply to: #1830491

Regular
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252525
New York
Subject: RE: Economy and new tri toys
ggwellness - 2008-11-29 7:31 PM
PennState - 2008-11-29 4:47 PM
colby995 - 2008-11-29 5:35 PM
suzimmer - 2008-11-28 2:35 PM

.  Triathlon is seen basically as a sport of the more financially well off,

 

I don't find that to be true, I know more middle income people who do tris than I do "Well Off" people.

Actually I read the mediane income of IM triathletes is 160,000+

  1. Most triathletes aren't IM
  2. Many of us are just refocusing our $$ so that we can continue our favorite activities

My favorite activities:

  1. Triathlon
  2. Friends
  3. Food & Wine
  4. Sex

Some of those don't cost a dime, others are pretty pricey...I'm not giving up ANY of them unless I have to!

 

I like the order of your favorite activities...  It is all about priorities!!!!  



2008-12-01 3:29 PM
in reply to: #1830491

Pro
6767
500010005001001002525
the Alabama part of Pennsylvania
Subject: RE: Economy and new tri toys
ggwellness - 2008-11-29 7:31 PM

My favorite activities:

  1. Triathlon
  2. Friends
  3. Food & Wine
  4. Sex

Some of those don't cost a dime, others are pretty pricey...I'm not giving up ANY of them unless I have to!

I notice you haven't specified WHICH of your favorite activities are "pretty pricey".  I'm just saying...

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