Money
My local IGA had Nudies for $0.99 today, so I bought two. They’re normally over $3 from most places, so I don’t buy them, but it made me think about loss-leaders and the possibility of deciding I like them so much I will buy them every day. OK, so let’s do some calculations to see how much money habits like that might cost:
- Nudie at $3
- A Nudie every weekday (we’ll imagine I buy them at lunch at work or something)
- $15 a week
- $780 a year ($1,092 if you have one every day inc. weekends)
Coffees are around the same price, so replace, if that’s your thing.
So imagine your salary is $50,000pa. Very roughly, then, you’re spending 2% of your salary on your daily drink. Is it worth it? I suppose it depends on how much you enjoy it.
Let’s approach it from another angle. For about the same price as your daily Nudie ($780 – $1,000 per year), you could buy the following things instead:
- A cappucino every day
- A movie every week
- A broadband ISP subscription
- A new-release DVD every couple of weeks
- Enough petrol to drive 30km per day (perhaps a half-hour-each-way commute?)
- Subscriptions to New Scientist, Wired, Science Magazine and the Sydney Morning Herald
- A subscription to Foxtel Digital (the second most expensive package)
- A lease on an Apple iBook
- A 5-dvds-at-a-time subscription to Bigpond Movies (an Australian clone of Netflix)