Calculate the Cost Per Use to find True Value
The most expensive items you buy can often be the best value in the long run when you calculate the cost per use. The cost per use of an item is the price you paid divided by the number of times you'll use it before it wears out. The lower the cost per use of the item, the better the value you are receiving.
Those $140 shoes may seem expensive when you buy them but if you wear them twice a week for three years the cost per use would be just 45 cents per wear while the cheaper, $30 shoes you buy and wear just once a year for three years cost $10 per use.
You can apply this theory to just about everything you buy and the cheaper you can get the cost per use the better value the item is and the cheaper it is overall. With practice you can master this technique for deciding on how much you are going to pay for things, and you'll realise over time that often while the item may seem expensive, based on its cost per use it is really very frugal.
Those $140 shoes may seem expensive when you buy them but if you wear them twice a week for three years the cost per use would be just 45 cents per wear while the cheaper, $30 shoes you buy and wear just once a year for three years cost $10 per use.
You can apply this theory to just about everything you buy and the cheaper you can get the cost per use the better value the item is and the cheaper it is overall. With practice you can master this technique for deciding on how much you are going to pay for things, and you'll realise over time that often while the item may seem expensive, based on its cost per use it is really very frugal.