I’m not talking about just going to the store. I’m talking about going to the store on-site, so that you can see the prices before they are even in the store. This includes going to a website like The Price of Everything to check out the current prices.
This is also the method by which we are able to gather price information for our customers. We call it the Inventory Costing Method, and it’s very handy. I have a small office in my house that I maintain, and I do a lot of website work, so I got really familiar with this method.
I have a website called ThePriceofEverything.com, and I also maintain a couple of websites that I don’t have much time for. One is called The Price of Everything, but I won’t use that name here because I think it will sound too silly. It’s a site that I started about a year ago, and so far it’s been pretty successful.
So when I was building my website, I wanted to make sure I had a website that people could visit to find out how much they were spending on various products.
What I decided to do with that was to do a very simple test. I wanted to see if I could find the same information that I was finding on the Price of Everything site. I called up the website, and I ordered a bunch of things, and I also put a link on my website that had a big red X next to it. (I didn’t get the Price of Everything site yet, I will have to check it out when I get a little time.
I ended up with a list of things I had purchased that day. The problem is that my spreadsheet is huge, so I had to go through and sort by how many items I already had. I also noticed that I had several more things on the list that were not on the Price of Everything site. Turns out, I was spending way too much on groceries.
This was a fun one. I was at a grocery store the other day and I said to the cashier, “You know, I spend a lot of money on groceries, but when I have to do something, I just forget and that’s a problem.” Well, she then asked me what I meant by forgetting and what I meant by just forgetting. I told her that I would forget things just because I couldn’t remember what I had bought.
So she said, “You’re forgetting that I use a computer to keep track of inventory.
She said, Youre forgetting that you spend money on groceries and then you forget about the inventory.
What I am forgetting is that this is the inventory costing method that reports the most current prices in ending inventory. For me, it’s important to know what my current price is for certain things, like a new phone. I don’t think that it matters if I don’t remember the specific item that I bought. I just don’t care that the price is out of my hands.