The price to slice
Just a short post today. This afternoon, I was carefully doing my grocery shopping (sticking to the list, of course!!). Whilst darting purposefully from shelf to shelf, I saw someone with pre-sliced carrots in their basket. No big deal, huh?
Strangely, it REALLY annoyed me! To me (completely over-dramatically) it represented everything about the public’s inability to make smart financial decisions. How hard is it to pick up a knife people? Seriously? Ok, time to calm down…
But, it got me thinking. Every supermarket now sells EVERYTHING already sliced, chopped, diced, grated or peeled already for you and charges you for the pleasure.
This seems crazy, but the supermarkets keep selling and the consumer keeps filling up the basket with them.
Let’s have a look at a comparison of some everyday products to determine the actual price to slice:
An average mark-up of 101% to save you getting out a knife.
Should we buy ready prepared?
Based on the cost, no. But, can anyone explain to me why you would do this?
The only argument I can think of is time-saving and the monetary value of time.
For instance, to peel and cut 500 grams of carrots maybe takes 5 minutes. From the figures above, this means that you are valuing your time at £12.84 per hour. Therefore, I suppose that if you can prove that you can generate more than £12.84 in income per hour, and in the time you would be usually cutting carrots, then it’s worthwhile to buy ready sliced.
What do you guys think? Waste of money or a good way to save time?
* Interesting to note that sliced bread IS the best thing since sliced bread!!