On the total cost of ownership concept which one is a better deal?
1. A normal 40 watts bulb that cost $1.70 each, or
2. A 25 watts energy saving bulb with 25% extra brightness at $2.60 each?
What is your choice?
We assume the bulb usage time and electricity rate is the same.
Don't buy these things new
As consumers, I want to constantly buy things. Shopping makes most of us happy. Anyway I come across this article which make me think before I buy.
"If you're looking to get the most value for your dollar, it would do your wallet good to check out secondhand options. Many used goods still have plenty of life left in them even years after the original purchase, and they're usually resold at a fraction of the retail price, to boot. Here's a list of 21 things that make for a better deal when you buy them used."......Read More
"If you're looking to get the most value for your dollar, it would do your wallet good to check out secondhand options. Many used goods still have plenty of life left in them even years after the original purchase, and they're usually resold at a fraction of the retail price, to boot. Here's a list of 21 things that make for a better deal when you buy them used."......Read More
Paying credit card with minimum amount monthly
Many card holders is financing the issuers. Extend their debts by doing what the card companies love, PAY MINIMUM. By paying the minimum you lets issuers generate lots of interest before that principal is finally paid off.Eg,
Owe: $2,500
Card interest: 18%
Minimum payment: 3%
When will you settle it? In 180 months
Principle paid: $2,500
Interest: $2,298.98
So, think twice before getting into this trap!
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