Tool purchase justification maths :-)

[JOEPRO]

Thinking of ways to compare or justitfy tool purchases - I presume we all do it yeah?

Example - that £500 car scanner will pay for itself after a couple of repairs compared to going to a dealer.

Latest example and how my maths sometimes works out for the better I guess, at least in my head:

I bought another consaw tonight on fleabay. It owes me only £160.... in my workshop maths method.

So first I bought a TS420 on ebay listed with misspellings in the name (Still 420 instead of Stihl TS420) for £250. I was a bit overwhelmed as at that particular moment I had around 8 - 10 consaws. Oops. So I advertised it locally and it sold for £450. Buyer very happy too and that price was good for a nearly new saw that it was.

So I'm £200 up.

Then tonight I purchased a Stihl TS500i which is also the larger 14 inch saw but most powerful one and fuel injected for £330 as I won an auction on it. (Really worth £500 used) Shouldn't need anything it's listed as good used and full working order.

So in my head then I had £200 profit already and so the TS500i owes me £160. And at that rate I can therefore justify keeping it around even if I don't use it much. Make sense(?)

Make me feel better here and convince me this maths works. What examples do you have?

 

[Blue Chips]

I don't justify.
I just-a-buy.

 

[Farside]

Tools = n+1.

 

[northwest]

I often have math/justification conversations with myself which involve me buying stuff because really, I am saving money and this nebulous "money" that I have somehow saved can then be added up and then spent on something else. It really is "Bloke Math" in action.

 

[Blue Chips]

When we sold our 'old house project' last year, I lost one of my best ways of justifying tool purchases. I actually had a solid mathematical rationale for buying tools, especially woodworking, electrical, plumbing, tiling, concrete, and landscaping tools and equipment. I was doing a lot of the work on the house myself, and was using a lot of tools repeatedly, so I could look at rental vs. purchase comparisons as well as the 'hiring someone to do it' cost vs. doing it myself. We did a massive amount of foundation work, perimeter drain work, landscape contouring, and driveway work, which was enough to pay for the loader/backhoe (which I bought used) two or three times over, and I still have the loader/backhoe, which still has good resale value (if I could ever bring myself to sell it).

 

[brightspark]

no need to justify. if i want it i get it

 

[Memmeddu]

Thinking of ways to compare or justitfy tool purchases - I presume we all do it yeah?

Example - that £500 car scanner will pay for itself after a couple of repairs compared to going to a dealer.

Latest example and how my maths sometimes works out for the better I guess, at least in my head:

I bought another consaw tonight on fleabay. It owes me only £160.... in my workshop maths method.

So first I bought a TS420 on ebay listed with misspellings in the name (Still 420 instead of Stihl TS420) for £250. I was a bit overwhelmed as at that particular moment I had around 8 - 10 consaws. Oops. So I advertised it locally and it sold for £450. Buyer very happy too and that price was good for a nearly new saw that it was.

So I'm £200 up.

Then tonight I purchased a Stihl TS500i which is also the larger 14 inch saw but most powerful one and fuel injected for £330 as I won an auction on it. (Really worth £500 used) Shouldn't need anything it's listed as good used and full working order.

So in my head then I had £200 profit already and so the TS500i owes me £160. And at that rate I can therefore justify keeping it around even if I don't use it much. Make sense(?)

Make me feel better here and convince me this maths works. What examples do you have?

Sounds like me buying a lot of guhring stuff for selling half of it

 

[sparkysy]

It never taken me long to justify a purchase to myself!

Now SWMBO on the other hand!!

 

[JOEPRO]

Sounds like me buying a lot of guhring stuff for selling half of it

Guhring?

 

[brightspark]

Guhring?

a make of engineering gear drills reamers consumables etc

 

[MattF]

I presume we all do it yeah?

Not at all. I have a simpler method: Want:Get. Provided I can afford it, of course.

 

[brightspark]

the trick is buying tools without grief from other half is when she buys crap dont complain and say very nice nearly choking without showing it

 

[JOEPRO]

the trick is buying tools without grief from other half is when she buys crap dont complain and say very nice nearly choking without showing it

If I snuff it and she sells the stuff for what I told her it cost people are going to get some deals!!

"How much was that welder?" £100.

 

[brightspark]

If I snuff it and she sells the stuff for what I told her it cost people are going to get some deals!!

"How much was that welder?" £100.

wifey knows what i spend and paid for stuff so knows it generally sells for double the price i paid from the sales so thats not going to happen

 

[sparkysy]

My other half knows how much the things I have purchased cost.
She does my accounts!

 

[Smallfry]

SWMBO generally just rolls her eyes. Seldom asks what it cost or makes any sort of comment.

Except maybe, "where is that going to go" !

 

[zzr1200]

If I snuff it and she sells the stuff for what I told her it cost people are going to get some deals!!

"How much was that welder?" £100.

Never........

I used to get stuff delivered to work, "Had it for years dear just used /kept at work", but she cottoned on to that one........

 

[Screwdriver]

I am struggling to resist Temu at the moment. They have developed a trick which somehow reduces the cost from factory to consumer by something like 30%. Economies of scale, efficiencies in distribution etc.

So while it's not all top quality, it is all rock bottom prices. Including delivery, from China ffs!

Every time I stray onto the site, I save myself loads of money by spending fifty bloody quid!

So today I just wondered how cheap they were for 18650 batteries. Very cheap. Couple of quid for a charger, yeah have some of that. Top up on some stainless screws and the odd widget - bang goes another fifty quid...

 

[Memmeddu]

I am struggling to resist Temu at the moment. They have developed a trick which somehow reduces the cost from factory to consumer by something like 30%. Economies of scale, efficiencies in distribution etc.

So while it's not all top quality, it is all rock bottom prices. Including delivery, from China ffs!

Every time I stray onto the site, I save myself loads of money by spending fifty bloody quid!

So today I just wondered how cheap they were for 18650 batteries. Very cheap. Couple of quid for a charger, yeah have some of that. Top up on some stainless screws and the odd widget - bang goes another fifty quid...

I don't trust their quality, plus made an attempt before Christmas and I'm still waiting for the delivery to arrive home

 

[dobbslc]

I won two TS350 con saws on Ebay at the same time as I thought I'd only win one of them BUT looking at the cost of second hand spares I reckon I'm in pocket if anything breaks on the good one so no justification needed in my mind, the wife's mind is another thing though...