See if waiting to catch a lower price is worth the time and effort.
Price tracking pays off when the expected saving from a future drop exceeds the value of the time spent monitoring the price. The opportunity cost of your time matters, so a big percentage drop may still not be worth waiting for a small item.
Price Tracking ROI
Net benefit = expected savings - (hours x hourly value)
Net benefit = expected savings - (hours x hourly value) Price tracking pays off when the expected saving from a future drop exceeds the value of the time spent monitoring the price.
The opportunity cost of your time matters, so a big percentage drop may still not be worth waiting for a small item.
This calculator takes 4 inputs: Current price, Expected price drop, Hours spent monitoring, Your time value per hour. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.