I’ve been needing to buy a new bed for my daughter, so as is my nature, I’ve been shopping around and taking my time trying to decide what I want and how much money I want to spend.
My mother was here for a visit over the holidays, and I was showing her some of the different models I liked. All were in the same sort of price range, with about â‚¬50 between the most and least expensive. She said something interesting:
When I’m trying to decide between two things, I don’t look at the total price. I only look at the difference in price between the two, and decide if I’m willing to spend that or not. After all, you’re already paying the minimum- you just need to decide how much extra you are willing to spend.
I think this is an interesting way of looking at things. How much extra are you willing to spend, for example, on organic veggies, or name brand detergent? What makes that little bit extra palatable or not?
Of course it’s not the only factor when buying something, but I like this approach for its different way of thinking about price.
And you? How much extra are you willing to spend?