How to Calculate How Much You Are Willing to Pay For Expensive Purchases If You Can Afford It but Are Very Frugal

Reading time: 5 min Summary: If you take ages to mentally approve expensive purchases, consider the following calculation method: "Total cost ($) / Life expectancy (days)" - Is this daily cost lower than what you would be willing to pay every day to use it? If yes, buy it (if it clearly improves your life). I take ages to mentally "approve" expensive purchases I have this problem. I can afford to…