TCO
Total cost of ownership.
This is something we rarely think about. We usually only think about up front costs.
We rarely think of what it will cost us over the lifetime of the purchase or our lifetime.
Our decisions usually have an upfront cost, but also a total cost. And making a decision based on the upfront cost only can get us into serious trouble.
When making big decsions, think about what it will cost in a years time, in 5 years time or even longer.
The upfront cost may be cheap, but the total cost may be more than you can afford.
This is something we rarely think about. We usually only think about up front costs.
We rarely think of what it will cost us over the lifetime of the purchase or our lifetime.
Our decisions usually have an upfront cost, but also a total cost. And making a decision based on the upfront cost only can get us into serious trouble.
When making big decsions, think about what it will cost in a years time, in 5 years time or even longer.
The upfront cost may be cheap, but the total cost may be more than you can afford.
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