A New Bed is Worth the Investment
Many people think that buying a new bed is a huge cost and in a cash flow sense, it can be. A new, quality queen sized mattress and box spring is likely to run you upwards of $2000 and unless you have lots of money stored up this can be quite a bit to cough up when the time comes due. However, if you analyze the way a mattress is used, it just might be the most economical way to increase the quality of life.
When valuating items in your house, a good method of break down is to put it into a per unit basis. For example, you might want to know how much per wear, per day, or per hour. Groceries for example could be valued somewhere in the $10 per day for an average adult, while a mortgage or rent might break down to $40 per day or so. For clothing, this is a good method for deciding whether you should actually buy that party dress. If you think you’ll wear it ten times throughout the course of its lifetime, a $130 dollar dress is worth about $13 per wear. Depending on your income level and the importance of these events, that price may or may not be worth it to you. Of course, everything you own could be valuated in a similar way, be it cars, phones, etc.
Mattresses are something you will spend around 25,000 hours on in the next ten years, based on the American 7 hour average per night. If you sleep with a partner, the mattress over it’s ten year lifespan will give you over 50,000 hours of use. Considering that a good mattress will set you back around $2000, the hourly rate of sleep time will be around $0.04, or a daily average of $0.25 per person, per day. When you look at how much the bed actually costs compared to the benefit of getting better quality sleeps, whether you should get a new mattress or not is pretty obvious.
Most mattress retailers offer payment plans to help you get into a bed sooner. For those of us without much credit, or with sub par credit, it can be a bit more overwhelming trying to get into a quality mattress. But a new mattress really is worth working for and saving up. The difference between a good mattress and a worn out one is night and day, or sleeping well and hardly sleeping. The quality of your life can be vastly improved, simply by being able to sleep better.
You can’t get a lot for a quarter, but a good sleep is one of them. Good luck and happy hunting!
Category: Finance

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