How to Evaluate The Price of Outsourcing
This post may contain affiliate links. Please read my disclosure page for more info.
We all want to save money but there is such a thing as being too frugal. Sometimes it really is best to fork over some cash to help your life operate smoother. The trick with outsourcing is to figure out what offers you the best value for the money you are willing to spend.
“Value” can be a kind of tricky term because as people who want to make sure our money goes as far as possible we tend to define “value” as “cheapest.” The cheapest price, however, does not always ensure you’re getting the most value out of outsourcing. Value in these cases is closer to meaning the benefit obtained through the expenditure. When you know how to evaluate a purchase’s value in terms of life-related benefits and in practical terms, you’ll find that sticking to your budget is much easier than it used to be. Here are some examples.
When you’re fresh out of college, the idea of paying for movers probably seems ludicrous. Why spend all that money when you can drop $20-$50 on a moving van and bribe your friends with pizza and beer to do all the heavy lifting? As you get older and busier, however, hiring professional movers becomes a tremendous value. As moving experts, North American moving company, point out:
“DIY moving is great…up to a point. While you can do a lot of the packing, prepping, and cleaning yourself, moving is a big job for just one person.”
And if you have kids and/or pets who might get underfoot, you’ll want to be free to wrangle them away from all of the activity and not have to constantly worry about what they are doing.
You are extraordinarily busy. The last thing you want is to have to spend even a little bit of your very limited free time cleaning your home. It can be incredibly tempting to hire a professional cleaning service or a housekeeper to help maintain the house so you don’t have to worry about it.
Before you start to imagine never having to worry about cleaning your house again, ask yourself if that picture is really worth the money you’ll spend on professionals. Remember: you don’t have to hire someone full time or hire cleaners to come every day. It might be worth saving a little money to hire the pros just a couple of times a month–especially if you’re going to be doing a bunch of cleaning before they get there anyway (after all, you don’t want them to know how messy you *really* are, right?).
You can also hire pros to take care of just a few of your most loathed chores. Many people send out their laundry, for example, because they can’t keep up with it on their own.
If you really don’t have time to keep up with basic household stuff, hiring someone full time to not just clean but to also cook and help you manage your and your family’s’ schedules could offer tremendous value to your lives.
Knowing how to do basic home and automobile maintenance and repairs is definitely a good idea. Having a little bit of handyman skill is great, but it does not qualify you to do major renovation projects yourself. Neither does having access to YouTube. It is important to know when you need to call a pro.
A good rule of thumb when figuring out whether to hire a professional is to ask yourself this question:
“If I try to fix this myself and mess up, will hiring a pro to clean up my mistakes cost more than it would cost to hire them to do it right in the first place?”
If repairing your mistake–which can be very costly, especially for plumbing and electrical projects–would be more expensive than hiring someone to do the job correctly from the outset, hire the professional. Do not try to do it yourself.
These are just a few examples of evaluating the value of an expense.
What are some of the ways that you’ve outsourced in your own life? Has it been worth the cost
Photo courtesy of: orzalaga
Latest posts by Kayla (see all)
- 10 Great Ways to Minimize Your Student Debt - March 22, 2017
- Will Using a Timeshare Help You Save Money on Vacation? - February 15, 2017
- Radius Bank Hybrid Checking Account Review: Checking Made Easier - October 25, 2015