Reduce Shoe-leather Costs: Go See Your Cobbler!

Economists often talk about shoe-leather costs associated with carrying decreasing amounts of cash to stave off inflation. While they use this as a catch all category for the costs associated with increased trips to the bank, the Armchair Fiduciary suggests you start thinking about these costs literally regardless of inflation.

Did you know that most leather dress shoes can be resoled for about 1/2 the cost of a new pair or less? So can boots. What about Birkenstocks? They can be resoled for 1/4 of their cost. So the next time you are thinking about throwing out your shoes take a look at them. If the tops are fine but the soles are worn, jump on Google and type in "shoe repair" and the city you live in. Most likely, Google will list a cobbler that can refinish your shoes and save you a couple hundred dollars per year!