What is expensive? Why do you consider something to be expensive or may be even too expensive? (I am not talking about Bugatti, a private jet or a duplex on the 5th Avenue here, just about simple stuff) Do you make a comparison with other alike products? Do you take into account opportunity costs? Do you consider hidden costs?
In this short article I would like to talk about the perception of money, or better – understanding for yourself what “expensive” actually means.
Continue reading Beyond the price tag: how do you decide that something is expensive?
The choice of education for kids is something that is at the back of my head basically from the moment of getting pregnant (like it is with many other parents out there). This not only in the context of choosing the right school or opting for homeschooling, but also in general how to equip kids for life in the best way possible. I started talking about this subject in two previous posts – about future-proofing kids (link) and about choosing extracurricular activities (link). Today I would like to elaborate on my list of essential everyday life skills to teach a kid before he or she is off to a grown-up life, namely somewhat before the age of 18 years. Continue reading Equipped right for a solo-flight: Essential everyday life skills to learn before eighteen
I started talking about market segmentation in one of my previous posts (that the mid-segment is disappearing, but the lower segment and upper segment are simultaneously on the rise – see here for more). However, even if you are a household that is searching ways to save money there are numerous possibilities how you can get premium quality items. First, Continue reading Pre-owned and pre-loved: Simple ways to afford premium quality items