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Every September it annoys me to pay $120 for my safety deposit box at the bank! When I got prices to sell some of the jewelry Mom left me, they were 1/10 the appraised value, so part of me thinks it's nuts to keep it (inconveniently) at the bank for "safety". The other "stuff" there are important papers, I wouldn't want to lose in a fire. It's not even the closest bank branch, because they didn't have a box available when I moved!
So I finally got in gear last week, to get prices for a fire-rated file cabinet with a safe compartment. The local locksmith I went to gave me a whopping $4,700 quote, but even the online price for the same unit would be $2,700. So the best-case break-even period based on cost alone is probably 20 years! At age 60, is it really worth it, even factoring in the "convenience" of having everything at home? Now I'm going to check into other options.
Focusing more on the idea of analyzing such expenses, than my particular situation, do you go thru that process for larger purchases?