It’s been months.
Months since I decided I wanted to buy it.
I kept wrestling with whether to buy it or not. Did I actually want it? Would I actually use it? Should I wait until a better model comes out?
Like many big purchase, there’s the option to spread the cost with 0% finance. This made it even more appealing.
Spreading the cost over 3 years for free (actually it’ll cost less due to inflation and interest on savings in that time) means that the daily cost of something is matched up against its use.
It’s a real life version of depreciation.
In business, if you buy an asset (let’s say a machine) which will last you 5 years. Even if you pay up front in cash for it, in the accounting sense, you allocate 1/5th of the cost to the accounts each year.
It’s called the matching concept, you match the use of the asset against the cost of it.
That’s what I was doing with this purchase. Rationalising that it’s only £1 a day for the next 3 years, I’m going to get more than £1 per day of value/happiness out of it so it makes sense.
As I’m sure you can guess, the purchase was made. Well why not. I deserve it. I work hard.
I have given myself a caveat though. I spend too much money on food.
Things like snacks, takeaways, fizzy drinks are an all too regular vice for me.
The purchase will essentially be free if I try to reduce that spending a bit.
It’s simply reallocating ‘non essential treat’ money from food (which is unbelievably easy to justify) to a larger single material purchase (which is much harder to justify)
In keeping with the ‘save money’ motto I’m going to try to align my life with, I paid the £5 extra to get it delivered Saturday.
