The Economics of a New Bed
There's no doubt, buying a new bed can be quite costly when the time comes due. With price tags in the realm of $2000 for a quality queen size bed, ...
There’s no doubt, buying a new bed can be quite costly when the time comes due. With price tags in the realm of $2000 for a quality queen size bed, it can be a bit of a blow to the old pocket book. On the grand scheme of things however, it is one of the best investments you can make. It’s not that you are going to be able to sell it for more then you bought it, of course, but what you will get out of it will be worth it.
It is important to try to break item economics down on a per unit basis in order to compare apples to apples and assess the comparison value. For example, you might want to know how much per wear, per day, or per hour. Food costs for a family can be valued at approximately $10 per day for an adult. Clothing is also broken down well using this method. A nice suit which costs around $1200 might end up at $12 per use if you can find a way to wear it 100 times. Depending on how much you use something, and what it might actually benefit you in the long run, buying a $1200 suit might not be worth it. Of course, everything around you can be valued in a similar way.
Americans are not getting enough sleep these days averaging a little under 7 hours per night. Getting a better quality sleep makes a huge difference on how you act and feel the next day and a quality mattress can help you get there. Over the course of its average ten year lifespan, a mattress will see about 25,000 hours of sleep time per person. That means, for a mattress costing $2000, the bed will end up costing as little as $0.25 per night per person. Getting the extra rest during the night is probably worth the extra quarter!
Coughing up $2000 every ten years can be a bit of a blow. It is the difference between getting to go for a trip to Mexico or not for vacation, and many times people pick the trip. Fortunately, most mattress retailers offer payment plans to make it easier to get into a mattress sooner rather than later. However some of us do not have sufficient credit ratings to be approved for these plans. In those cases, it is a good idea to compare the benefit of a new mattress against the pack of cigarettes or that daily latte and start to prioritize just where we should be spending our money.
That being said, for $0.08 per hour, you might find it is the most valuable and economical way to improve your overall health and well being.
Being an engineer by trade, Vladmir Skillet is constantly analyzing the cost benefit relationships to everything. For more information on or how to beat the visit his website.