Seems to me that I remember Listmama mentioning something to this effect about a week ago. Here's a "test" from The Tightwad Gazette :
Before making a purchase, give yourself the "Test for Value" :
1. Can we do without it?
2. Does it do more than required?
3. Does it cost more than it's worth?
4. Can we do what it does with things we already have?
5. How often will we use it?
6. Where will be store it?
7. Will using it be more work than we're apt to want to do?
8. How many ways can we use it?
9. have we checked with people who own one and with consumer ratings?
10. Would I be smarter to resist and put the money towards another goal?
Some say this test has prevented them from buying such things as a pasta machine, a breadmaker, a word processor, joing a book club, and subscribing to several magasines. While few purchases would pass all ten questions, it's safe to say that a wise purchase should pass eight or nine of them. Further, I would like to add another point :
11. If the item does not saisfy these criteria, can I at least resell it for what I paid for it? This point means that it might be sensible to buy the item secondhand at a good price even if it does not measure up on points 1-10, because if you decide the item isn't worth keeping, you can always recover your investment. Items in this category include expensive toys and sporting equipment for fickle kids, and marginal tools and kitchen gadgets for adults.
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