MDF. Its not wood. Its My Depreciation Fund. Long before I had watched and gained some insightful inspiration from ‘the minimalists: A documentary about the import things’ I had been saving via a method of depreciation. Its something the business world use all the time. This is my method and is worth while.
how it works.
Divide the total cost of the Product by an estimate of how long the Product shall last for Lifespan (in years).
Take the sum from step 1 and divide this by 52 weeks and this shall give you a saving amount, in pence, for each week.
Set-up an automatic payment to a savings account for the total Lifespan in weeks calculated and watch the savings grow.