Another way of thinking before spending
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  1. #1
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    Default Another way of thinking before spending

    I read this and thought it was a good idea to help cut spending. If something costs $30 and you earn $10 an hour. Do you really want to work 3 hours to get this item

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    I do this when we go grocery shopping or purchase anything large. Example: $249 in a 40 minute expedition to Walmart = $373/hour
    ~Russ

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    Gail Vaz Oxlade uses this process on her show Till Debt Do Us Part... calculating costs and what needs to be done to raise the money before it is purchased. Its a great tool for really defining needs vs wants sometimes.

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    Technically, you'd have to work more than 3 hours to pay for the item . .. due to taxes, etc.

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