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Costs

  • Author Author Geordie
  • Create date Create date
  • Blog entry read time Blog entry read time 2 min read
Maybe I should leave us all a few questions to think about, we can review it by the end of the following year (i.e. exams). They are all relevant to costs in life.

In the city where I live, the local Subway restaurants charges around ?2.50 (in Singapore currency, S$5) for a 6-inch Classic sandwich, such as Tuna or Cold Cut Trio. Recently, they had this promotion, the ?2.50 Combo Meal, for a free 12-ounce drink and a Classic sandwich. Why do you think Subway does 'give away drinks'? Are drinks really 'free'?

In work or in clubs and societies, we draft budgets, which most likely we will overrun. Where do we see those budget overruns, and how do we measure them? Why even craft a budget anyway?

Well just like life itself, well...

There is no free lunch in life. We often make things subconsciously, we make marginal decisions without even being aware of it. We'd most likely take the free drink, without thinking of its original sticker price as a la carte - ?1 in where I live (Singapore).

However, human beings' subconsciousness can be, well, irrational. We fail to take account into 'reasonableness' when we make some decisions. We often spend a ton in things we don't need, because we'd like to think we want to have these stuff, when in actual fact, we don't need them.

Perhaps it could be time that we just do and make decisions that we'd always made, and make any changes to this arrangement incremental, one building onto another, one step at a time. Then we would incur less costs of change on ourselves.

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Author
Geordie
Read time
2 min read
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