What a deal!
Wednesday, October 02, 2019
Actually, I'm not being all that sarcastic here. I need to buy a new dresser, looking at spending over a hundred bucks, if only to avoid having the new one fall apart on me the way the old one just did. But, looking around, it seems like an equivalent product could be available for $80-something, with a warranty included, and suddenly it looks like a great deal, even though it's "just" 20 bucks cheaper. Then again, it's 20 bucks. That's a night out, a cheap meal and a movie, or a night of bowling and hanging out with friends, or whatever you might choose to do with 20 bucks.
I have that reaction to other money related things, too. Like, if I need to withdraw money from an atm and there's no atm from my bank in the vicinity, and I'm going to have to pay a fee for the privilege, I'll usually withdraw far more than I need. (Just making up the numbers to make the math easy) If there's a $3 fee, and I need a hundred bucks, that's a 3% fee. So I might withdraw $300 instead to make it a 1% fee instead. And then I'd stash the extra cash in a bedside table drawer and be my own atm for a couple of months.
At the core, there's just a basic human reaction going on here, the feeling like you're getting a deal being a powerful attractant, which can go badly wrong if you're getting talked into something unwise by a persuasive fast talking salesman, or getting lured in by an offer of free food (as per this highlighted Spark article www.sparkpeople.
But sometimes, the arrows line up to bring you a deal on something you actually need. And you hope the item on sale doesn't fall apart within 8 years, like the item it's replacing did. Come to think of it, I got a great deal on the crappy dresser that's fallen apart, too, picking it up cheaply during a back to school sale in a college town. Deals aren't always all they're cracked up to be.