Wednesday, December 06, 2006

Budget, Plan and Buy.

It is always good to plan before buying big ticket items such as TV (Plasma/LCD), Car, Game Console, Furtuniture, Sofa, Bed set etc. Budget and Planning are cohesive; if you plan more your will buy good stuff with everybody’s blessing (wife, kids, in-laws etc).
Soon after marriage, I took my wife to buy a tv.My budget was $200.00 and I didn’t had any plan which tv to buy. My wife liked Sony model, because she was familiar with only that brand name from India and she wanted that. But I was looking for low end models to fit in my budget. My wife asked me to buy it. I said my budget won’t allow us to buy it, we can buy Daewoo TV model same size as Sony and I argued that we would get $ 100 as mail in rebate. She got angry and whisked away from the shop and sat in the car. So we didn’t buy anything that day. There after. I’m using formula (Plan, Budget and Buy) that first I go for good brand and reviews and then we would narrow one or two models.Finally after debate about pros and cons of the narrowed model, we both will decided on one.Later when I decided to buy a PC , I chose the same formula. For desktop buying experience, I narrow HP or Dell model. Second factor is budget, based on current budget Dell is 100% within my range, but not HP. But drawback for Dell is they don’t have good customer support so I have decided to stick with HP. For the increased budget, I decided to wait one more month for Stock dividends pay back and some interest amount. And used that for the increased budget and we happily bought our current HP desktop with printers. The 10% premium I’m paying for HP was good decision since 2 times I had an issue with CPU cooler buy HP customer support fixed it within a week. I planned to buy Plasma TV 18 months ago, I spent 3 months of researching, 2 months of capital raise, and finally bought Panansonic after 6 months of planning and budgeting. Next planning is for Blueray ,wife didn’t approve it since she thinks it’s still very expensive and early for it.

Tuesday, December 05, 2006

Women Spend Nearly 9 Years Shopping.

According to a recent study by GE Money, the average woman spends 399 hours and 46 minutes shopping each year. That adds up to nearly three years of retail therapy over one's lifetime. Total hour per year is 8790 - 400(for shopping) we have 8390 for other activity the main one is sleeping at 8 hours per day then total time for sleeping is 2920, and we need to work to fuel shopping including commute I'm guessing 10 hours per work day 2300. Self care, body wash and make-up we need 4 hours per day that itself 1460. So our final number is 6680. Oops I forgot to add cooking and dine out 2 hour per day. Final number is 6680+730=7410 So we have free time to spend with family is 980.We are spending only 11% of our time with kids and family. Is this the way life should be?