this post was submitted on 25 Dec 2025
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Most people don't really budget for things that are large on a yearly or even monthly scale, but you can and probably should.

For example, I know that I use my headphones a lot and being without them would be really annoying. Budgeting based on buying them asap because I need them is a really painful way of managing that cost because I can't do anything else at the same time and it is expensive. If instead I set aside a smaller amount while I still have working headphones it is much easier.

My formula for working out the cost is fairly simple. How much does it cost for an item to fill the need? How long do I expect that item to last in the worst case? How much would I therefore need to save per week for that cost to be saved before the current item needs replacement.

My headphones cost around $100. I expect to need replacement not sooner than about 16 months. So I should save $75 per year which works out to less than $2 per week. If I just save $2 per week I will hit my goal of $100 within the year and of something goes wrong earlier I can make the difference up the normal way. If I end up not needing a replacement by the time I hit my goal I can keep saving for a higher cost option or move that saving to another goal to boost that.

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[–] Eheran@lemmy.world 8 points 1 day ago (2 children)

How long do I expect that item to last in the worst case?

Worst case: Not even to the end of the day. Not a good metric.

In any case, do you actually keep track of everything you own like that? So x for headphones, x for the smartphone, x for shoes, x for tissues, ...?

[–] rowinxavier@lemmy.world 3 points 20 hours ago (1 children)

For some items yes, but, and perhaps this is privilege from living in Australia, surely if it fails immediately you can return it and get a replacement or refund? Here we have a 12 month warranty on most things but also a reasonae expectation standard, so if it is a larger thing like a fridge or dishwasher we can get more of a reasonable warranty period.

So I guess a better way of phrasing it would include at what point it requires more money from you if it fails? So for a basic electronic thing 12 months would be the minimum that would be covered by the manufacturer and you are only on the hook for it after that time? I know that is not suitable for some other places like the USA where you are often on your own once you leave the store.

[–] Eheran@lemmy.world 1 points 10 hours ago (1 children)

But things don't just fail because of manufacturing defects. You can lose things, drop them, rip the cable out while moving a chair, ... so many ways to break on day one that are not covered. But okay, I understand that you expect things to last at least a year, that is a reasonable minimum.

[–] rowinxavier@lemmy.world 2 points 10 hours ago

Yeah, I have dyspraxia which is basically medically diagnosed lack of coordination. I drop my phone at least a few times a day, I bang into walls and benches all the time, and I've fallen over so many times I don't even get hurt any more. Along with the coordination I have lost or broken so many things in just this way, not to mention I am massive and most things are not built for giants. So yeah, a good number of items have been broken or outright destroyed shortly after purchase. No budget can handle that other than to just have more money on hand and to be as careful as possible. Screen protectors, rugged cases, and no open top drink vessels.

[–] tomi000@lemmy.world 2 points 22 hours ago (1 children)

Nah, you need different variables for every item. Headphones dont cost the same as tissues.

So x for shoes, y for tissues, z for headphones.

[–] Eheran@lemmy.world 1 points 10 hours ago (1 children)

Not sure if this is serious or a joke.

[–] tomi000@lemmy.world 2 points 9 hours ago

Kind of both? Its technically true but I wasnt being serious about correcting you^^