Daily Spends – A Diary of Spending Habits

What I spend, when and where?

Cost Per Use of Sofa

with one comment

One of my good friend’s (trying2save) favourite cost excercises is the ‘cost per use’. Cost per use allows you to assess the impact of a ‘one off’ purchase by working out how much the item actually costs over the period you use it.

Essentially, cost per use allows you to rationalise a one off purchase such as:

  • a sofa
  • a pair of shoes
  • a new coat
  • some aftershave
  • shaving foam

We’re all slightly obsessed with cost per use at the daily spending network and it’s something I’m going to spend more time on in future blog posts.

Here’s my first cost per use calculation – for the purchase of a new sofa:

Purchase Price: £545.00 (Easter Sale bargain)
Estimated Life Span: 1825 days (5 years)
Estimated Use Per Day: 20 seperate usages (sit downs of 10 minutes)
Estimated Total Uses: 36500
Estimated Cost Per Use: £0.01 per sit (£0.014)

1 pence per sit – not overly excessive 🙂

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Written by dailyspends

March 20, 2008 at 1:50 pm

Posted in cost per use

Tagged with ,

One Response

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  1. http://richardyong.typepad.com/my_weblog/2008/04/cpu-will-make-y.html

    Funnily enough I love the concept of cost per use as well. I blanch when I see people with 3 couches in their house, sure they can afford it, but I can see that one of them probably costs them like $300 a sit!

    Anyway it’s great to see lots of people out there sharing their spending and saving experiences!

    Cheers

    Richard Yong
    Sydney Oz

    Richard W R Yong

    April 17, 2008 at 1:36 am


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