I know, the last blog was a little dry, not everyone gets as excited about mattress components as I do. However, this blog will knock your socks off. For all of you that think that mattresses are overpriced, read on.
What I did was to compare a few different products that almost all of us have: a car (I
evaluated both new and used), a cell phone, and a TV. I didn’t go for the most expensive, I tried to find the average costs online (or I estimated), and then broke down the cost of the actual item over the expected life. Please note that I did NOT include extras like gas, car insurance or registration, cell phone plans, or cable. I also did not include any finance charges (which we all know can really get ya on the back end, especially for the cars). Check it out:
New Car
Average Price: $30,748 (according to TrueCar.com for 2012)
Average Time Kept: 6 years (according to latimes.com)
Average Trade-In Value after 6 years: $10,000 (according to me, estimating, with my not so vast knowledge about cars)
Average Time Spent in the Car Per Day: 2.5 hours (according to WikiAnswers.com)
Cost PER HOUR for that car, according to the figures above: $3.79
Used Car (up to 8 years old)
Average Price: $14,375 (according to National Automobile Dealers Association for 2013)
Average Time Kept: 6 years (according to latimes.com)
Average Trade-In Value after 6 years: $0 (I’m assuming that you’re driving it to death)
Average Time Spent in the Car Per Day: 2.5 hours (according to WikiAnswers.com)
Cost PER HOUR for that car, according to the figures above: $2.63
Cell Phone
Average Price: $200 (I’m assuming that you’re going for the new agreement discount price)
Average Time Kept: 2 years
Average Time Spent on Phone Per Day: 1.5 hours (according to cnet.com, including gaming, texting, etc.)
Cost PER HOUR for that phone: $0.19
TV
Average Price: $749 (for a 42â€, at Best Buy)
Average Time Kept: 7 years (both LCD and LED last from 4-10 years, depending on quality. Since I’m factoring in a middle of the road model, I figure it will last in the middle of the road for lifespan.)
Average Time Spent Watching TV per Day: 4 hours (that is ridiculous)
Average Price Per Hour: $0.07
 Mattress Set
Average Price: $899 (this depends on where you are, and what sales you find. I’d say that you can get a decent bed pretty much anywhere for $899-$1000)
Average Time Kept: 10 years (this is according to me, and how long the mattress is really supposed to last)
Average Time Spent in Bed per Day: 8 hours (perfect world, and all)
Average Price Per Hour: $0.03
 
What? Three cents an hour? What else can you get for three cents an hour? Even if you DOUBLED the price of the bed to $1799 (which is a pretty snazzy bed), you’d still be at $0.06 per hour, which is less than your TV, cell phone, and car.
I’ll give you my ideas on why we’re so cheap when it comes to our mattress set, and not with other items in our life:
- Who sees your mattress set? Um, no one. Who sees your car, your TV, or your cell phone? Everyone that matters. It’s a status thing, and that’s ok. I’ll admit that my car is less than 8 years old, I have a smartphone, and we have a pretty nice TV. However, I also have a great bed to sleep on. No one wants to be ridiculed for driving a ’72 Datsun, or for using a flip phone from 6 years ago.
- We only go out to buy these things a few times in our lifetimes. You’re used to the price that you paid for your mattress set ten years ago, and haven’t monitored prices since then. You go into a store, and see that the price has DOUBLED. Wow. But think, what did you pay for a gallon of gas ten years ago? I paid $1.25, and now it’s almost $4.00, which is more than triple. We don’t notice because it’s only a few pennies per time we go to the pump, not all at one time.
- In our society, sleep is an afterthought. It’s not exciting. It’s something to put off when there’s something better going on. We’ll spend a ton of money for memory-making experiences, or for luxurious rest and rejuvenation, but we ignore what our body needs most: restful sleep. It’s become kind of a badge of honor to tell how little sleep we got last night, or how much work we got done in a small amount of time because we didn’t sleep. Aren’t energy drinks a billion dollar industry now?
That all being said, this is why you need to rethink your ideas about the price of a new mattress set:
- Of all the stuff that I analyzed, a mattress is the ONLY THING THAT AFFECTS YOUR HEALTH. It affects how you feel each day, your energy level, your body repairing itself, your immune system, even your weight.
- If you buy something better now, you will get paid back with two benefits: you won’t have to worry about replacing it for quite a few years, and you’ll be more comfortable and supported on a daily basis.
- You can live longer without food and water than you can without sleep. Think about that.
So, before you buy the latest technology or upgrade that car that’s still running great, but has a few dings, think about your mattress set. Your money might be spent more wisely in your bedroom.
Disagree? Feel free to rant at me in the comments, I welcome the challenge!!