A Personal Finance Blog for Malaysian: Cheap thing cost more

Friday, December 31, 2010

Cheap thing cost more

Cheap is a matter of low price.
Cost is a matter of consumption of resources.

Cheap thing doesn't mean low cost because a pair of shoe may be cheap (RM20 only) but may be last 1 week or less (because you just don't want to suffer) but a pair of good quality shoe (RM200) may last for years.

Cost of cheap shoe - RM20 / week
Cost of good quality shoe - RM1.92 / week (assumed use for 2 years only)

There are thousand of example, can list all here. If you have one, feel free to share with us.

For the book review, click here.

Cheap: The High Cost of Discount Culture

How can cheap things cost more (sound logic or illogical)?
- foods with higher sugar contents sells at cheaper price (cost : health)
- clothes with low quality chemical color may be harmful to body (through skin and poles) (cost : health)
- cheap engine oil (cost : repair engine and higher petrol consumption)

1 comment:

  1. Some cheaper items are for short term use only but if you want to use it in the long run then invest in more durable materials.