Quality Investments

Ok, Two posts in one day is kind of strage, but it did not quite fit with the other post.

When making a purchase, think about its usage and how much things really cost.

I have to replace a 4 slice toaster sometime, I am not sure when because it is currently working as a two slice toaster and I am GOING to find out what the best toaster is out there before I buy another one.

I paid $20 for this toaster about 8 months ago, that means it cost me $2.50 per month to make toast. That is pretty expensive toast, don't you think? It was a cheap toaster, I needed a toaster, but I am not happy with the money I wasted. Is a $10 toaster a better deal if it lasts only 6 months? Yes, it cost $1.66 a month at that rate, but say it only toasts two slices, is it still a better deal? Possibly, but maybe not, because being used twice as much, it may only last half as long, at that rate, it is now over $3 a month to use.

I am not going to be replacing my $20 toaster with another cheap toaster, but rather hoping to find one that will last more than a year. A $30 toaster that last two years only cost about $1.25 a month.

Now, even at $2.50 a month, it is still saving us money to have a toaster, that saves us from going out to eat, I can put a bagel in the toaster, add 1 Tbsp cream cheese and I have a good meal for under 50 cents a day. When I was working at Breakfast time, I could not even buy a bagel at work for under 75 cents.

How much do you REALLY pay for what you own?