Wednesday, February 20, 2008

Before You Purchase, Consider This

Before I go and buy anything I like to understand what I consider the true cost to be. Let's say I want to buy a Big Screen TV. This is definitely a want item, not a need. If the cost of the TV is $1000 and I make $20/hr it will take me 50hrs of work before I can buy this TV. I've excluded taxes from my pay, which will mean it will take longer to have $1000 net, but you get the picture. Now I ask myself the question, is the TV worth 50hrs of my life??? If I'm awake for 15hrs a day, the other 9 is sleeping, this represents over 3 days of my life! Ponder this the next time you go to make a purchase.

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