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I personally use a related version of this, and it's a lot simpler. Cost per month. The biggest factor in buying something for me is typically resale value vs
by liminalsunset 3y ago
I personally use a related version of this, and it's a lot simpler. Cost per month.
The biggest factor in buying something for me is typically resale value vs what I pay for it. This is why I always buy the Amazon Marketplace Used items, or used items from local sellers, where available. This way, I mentally only consider the depreciation over the period of time I use the item as the cost. Usually, the depreciation is minimal over a short period, allowing me to buy stuff I don't need just to experiment with it (I keep a budget for this) Then I divide it by the number of months I'll have it， and then compare the value I get from it relative to eating lunch outside ($20), days of work, or something else like that.
I'm effectively leasing things to myself. I'll own nothing and be happier.
- robocat 3y agoI try that but it usually doesn't work well. For cheap items - it usually costs me more time and effort to sell than the item is worth. I might do it anyway because it helps others. For expensive items the problem is risk - especially due to "the market for lemons". I rarely get market price because I prefer to be honest about the known problems. For example: a car has lots of invisible known issues when you've had it a while. Paying to fix the problems before sale is just not worth it (for multiple good reasons).