Buy wisely — Steph Ango
Whenever I buy things I try to prioritize cost per use. Sometimes I consider other priorities such as cost per smile, cost per thrill, cost per externality, and cost per lesson. Cost per use is a heuristic that helps me make decisions about most non-perishable purchases such as clothes, vehicles, tools, devices, and even services. How much will it cost me if I divide the price by its expected number of uses? Cost per use accounts for longevity. Durable and repairable things may cost more upfront, but over time they cost less than things that break and need to be replaced. For example, I buy wool socks from a brand called Darn Tough. They cost about four times as much as cheap socks, but they’re durable, comfortable, and have a lifetime guarantee. How many times do you wear a pair of socks before they develop holes? It may sound silly, but if you amortize the price of each pair of socks over their expected number of uses, a good pair of socks is a worthwhile investment. Not only will du
Whenever I buy things I try to prioritize cost per use . Sometimes I consider other priorities such as cost per smile , cost per thrill , cost per externality , and cost per lesson . Cost per use Considering cost per use helps me make decisions about most non-perishable purchases such as clothes, vehicles, tools, devices, and even services. How much will something cost if I divide its price by its expected number of uses? Cost per use accounts for longevity. Durable and repairable things may cost more upfront, but over time they cost less than things that break and need to be replaced. For exa
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