This only works until you earn enough money to not think about money. After you need to start comparing products and services that are similar price range and think if it's worth the same personal value.
Once you don't really care about $1k-$2k expense at any given time, these questions start to lose meaning.
kalleron t1_j5jnt13 wrote
Reply to LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911
This only works until you earn enough money to not think about money. After you need to start comparing products and services that are similar price range and think if it's worth the same personal value.
Once you don't really care about $1k-$2k expense at any given time, these questions start to lose meaning.