this post was submitted on 08 Apr 2024
72 points (93.9% liked)
Buy it for Life
4502 readers
1 users here now
A place to share practical, durable and quality made products that are made to last, with an emphasis on upcycled and sustainable products!
Guidelines:
Things that are well-made and durable (even if they won't last a lifetime) are A-Okay!
Unlike that other BIFL place, Home-made and DIY items are encouraged here, as long as some form of instruction is included in the body of the post.
Videos links are not allowed as post titles, but you may use them in a text post.
A limited amount of self-promotion is accepted, IF the item you are selling aligns with this criteria:
- The item must be made with sustainable or recycled materials.
- If electronic in some way, the item must be open-source.
- The item must be user-serviceable (if applicable).
- You cannot be a large corporation.
- The post must be clearly marked with a [Self Promotion] tag in your title.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I like this idea of thinking about purchases in terms of per-use cost - this means you should spend more on mattresses and bed linen, underwear, office chairs and computer peripherals, etc.
I'm also a fan of working out how much a price-tag is in terms of how long you need to work to get the equivalent cash. Would I be willing to work for an extra two hours to get this thing?
The official term for this is COPS (cost per service) and it helps you greatly in making smart economic decisions. I calculated this for many household products about a decade ago and came to the conclusion that for many products it's barely worth worrying about the cost while for others there's hidden cost that should really warrant closer inspection. For instance dish soap has such low COPS that it almost doesn't matter which brand you buy. Electric gadgets like fridges, washing machines or printers definitely warrant deliberation though because in the long run energy, refill, maintenance and repair costs will approach if not outstrip the initial purchase cost.
And yeah, spending a big chunk on a good bed or chair hurts initially but you will spend literally thousands of hours in them. Something like a greeting card or fireworks on the other hand are cheaper in the moment but only yield limited utility in comparison.
Thank you for the term - I thought it was something like amortised cost but when I looked that up it describes something completely different.