When is a bargain not a bargain? No, itís not a riddle, itís a serious question. How do you know when you have bagged yourself a true, money-saving bargain?
Well, the simple answer might be that anytime you find an item you want at a reduced price, you could consider it a bargain.
But the longer answer is this:
If you have thought long and hard about an item before buying it
If you really need or want it
If you canít use something else in its place
If you canít make it, borrow it or trade for it
If you can't purchase it second-hand
If you can find it at a price that is less than anyone else is selling it for
Ė then yes, you have a bargain.
So letís look at an example:
Last year I decided to buy a yoghurt-maker in order to save money.
image from flicker
It cost me $24 for the maker (not a bad price) and $4.45 for a sachet that makes one kilo of flavoured yoghurt.
Now, if I think about how often I eat yoghurt (100 grams a day or less,) and the fact that I live alone, that means that a kilo of yoghurt would take me at least ten days to get through, and since it only stays fresh and viable for about three days, I was throwing over two-thirds of it away or eating much more than I should.
If I donít count the cost of the yoghurt-maker but count enough sachets to last a month, and if I throw away two thirds of what I make, itís costing me $44.50 for a month to make my own.