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Calculating the True Cost and Other Reader Tips

Started by Epoch-Times-Bot, Dec 29, 2022, 06:42 AM

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Epoch-Times-Bot

Dec 29, 2022, 06:42 AM
Calculating the True Cost and Other Reader Tips

Have you ever figured how many hours you’ll have to work to pay for the new car of your dreams or fancy restaurant meal? Perhaps you should, suggests one of my readers who starts out today’s batch of clever reader tips:
Curb The Urge
My husband and I have finally found a way to curb our runaway spending. When we see something we want (eating out, new vehicle, clothes, etc.) we immediately calculate how many hours we would have to work to pay for it. Here’s an example: Car payment of $400 per month divided by $25 per hour (bring home pay) equals 16 hours. That means we’d have to work two days to make one car payment. Not too bad for driving a new vehicle. Dinner out: $40 divided by $25 per hour equals 1.6 hours. This means we’d have to work longer than it takes us to actually eat the meal. Not a good investment. This has been the only way we have found to calculate the true cost of goods and to control our spending. — Libra M., Texas...

Source: Calculating the True Cost and Other Reader Tips

xenzol

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Aug 28, 2024, 01:29 AM
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