Nomis Project Management, LLC

Nomis Project Management, LLC

Thursday, March 25, 2010

It's Not a Good Deal If You Don't Need It

My husband has this somewhat amusing, somewhat frightening addiction to finding a "good deal." The problem is, he finds "good deals" on things we just don't need. Steve looks at the price of something to determine whether or not it is a good deal. I have been encouraging him to look at the big picture instead. Here are the top things I consider when determining whether or not something is a good deal:
  1. Is it useful?
  2. Will it last?
  3. Do I have anything like it already?
  4. How much does it cost?
The great thing about these four simple questions is how versitile they are. You can ask yourself these when purchasing a new item (or when throwing one away) and you can ask yourself these when deciding whether or not to hire someone (just switch the it to he/she).

While my husband would list "How much does it cost?" as the number one question, I consider it last. I have found that cost really has very little to do with whether or not something is a good deal. Sometimes an item or a person's value far exceeds the dollar value and sometimes, you get what you pay for, so its not always a bad idea to pay more.