Interesting how you think that you score a great purchase deal of something. But chances are, there are also other costs that would go with that in the long run – maintenance costs, operational costs, depreciation and other what-have-yous. These costs are what you call True Cost of Ownership.

So, have you given thought on what you’re really spending on the things you buy or own? Have you thought about how much you’re spending on Buster, your no good mutt that slimed over your business report last month? Or how about that car in your garage? Your brand new iPhone? How about your kid?

Here are some numbers from Mint.com
An iPhone: $2,200
A 50-pound dog: $12,468.00
A Toyota Camry: $42,058
A kid: $170,460
A house: $1,073,000

So you still want to buy stuff, huh?