When purchasing an electrical device, the two financial costs you need to consider are the initial price of the device and the operating costs to make use of the device.
The financial cost is the cost of finance charged per item purchased, it may also include miscellaneous charges associated with the usage of the item.
Here, before you purchase the electrical device, think carefully if:
- the initial price fits into your budget and;
- the consumption of the electricity bills(operating costs) the electrical device will consume.
Learn more about financial costs here:
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