Friday, November 23, 2007

Black Friday

Black Friday, the insane world of shopping. Is getting up in the middle of the night to stand in line for a store bargain really a bargain? Maybe, if you don't put a value on your time. These door buster specials are such a scam on the consumer. Standing in line for a super buy on some item thats available in an extremely limited quantity is such an advertising scam. Yes they do sell the item to the limited amount of buyers, but what about all the rest of the people that spend 10 or 12 hours standing in line only to find out they are too late.
Let's assume the bargain you are looking to buy is that electronic gadget that is priced $100 lower than anywhere else. Also assume that you value your time at a minimum wage of $7 an hour. You stand in line for 12 hours and are rewarded with the chance to purchase that item that you save $100 on. It just cost you $84 in your labor to do it. Your a gross savings is $14! Value your time at more than $7 an hour and you made even less. Or worse yet, your labor can exceed the savings on the item. It's your choice.

0 comments: