Paul's Comments

I decided to eat waffles for breakfast this morning. I would have eaten pancakes except that the wafflemaker I ordered arrived today. So, I read the instructions, read the pancake mix box (waffles are slightly different), and tried it. One came out okay, the second kind of fell apart.

I had used it wrong. The wafflemaker has a lock to allow it to stand upright, so it is relatively flat rather than taking space on the counter. But you only use the lock when it is being stored; you run it flat to cook the waffles!

So, anyway, the two waffles cost me $30 each plus the cost of the pancake mix. Yes, that's expensive, but I have the advantage that all the rest of the waffles I make are free! Or I could say the first waffle cost $60, then the second and all the others are free. I mean, I have to count the cost of the wafflemaker into the cost of making the waffles.

I bought the wafflemaker and a folding table, which is about the size of an ironing board. It basically folds up, so I moved a short dresser/night stand forward two inches, and it stores nicely there. So, anyway, with shipping the table and the waffle iron cost me $120.00. I am going to use time payments so that I can establish a credit history, the difference in cost won't be that much. In this case, I think it does make sense as opposed to paying it off in full, because I'm financing it specifically to improve my ability to finance things in the future.

Under normal circumstances, consumption debt is the worst kind of debt, because you're financing something that has a depreciating value over time. But, since my purpose in financing this is to improve my credit rating, I think it makes sense. Besides, I do have the cash that I can pay it off, so it's not like I'm financing something I can't afford. If I was buying things I couldn't afford, I could not have very well paid cash for the new computer I bought, which was about $420.00 if I remember correctly. I am typing this article from that computer.

So anyway, the first waffle was $60, and the one I made after that, and all the ones I make in the future, will be free. Oh, and this isn't to be funny, but once I finish editing it, I will be uploading to You Tube a video of me making waffles using the waffle iron. Watch for it, "soon to a computer screen near you."