When It Makes Sense to Buy Quality Instead of Saving Money
Being frugal doesn’t just mean saving money – it means spending your money wisely. That also means some things may be cheap now, but actually cost you more in the long run, while other times it makes sense to spend more now for a better, longer-lasting experience. Let’s take a look at when it makes sense to splurge now to save later.
How Frugality Really Works
Frugality, like productivity, isn’t just about being thrifty and saving tons of money. It’s about spending wisely on the right things so you have the money for the things that are important to you. The idea is that you’re able to easily save for your goals – or for emergencies – because you have made smart buying decisions now. That means you have to consider the long run.
Doing this takes more thought than you might think. It’s easy to get caught up in just buying the cheapest serviceable version of whatever you need, as long as you keep “saving money” in the front of your mind. Unfortunately buying cheap can lead to spending more down the line. Whether it’s in things like maintenance and upkeep, or replacement costs when you have to buy the same cheap thing over and over again. If you really want to save money and invest in quality, there are some instances when it makes sense to spend more money, so that you don’t run into those costs.
When It Makes Sense to Spend More Today to Save Tomorrow
Whether you’re shopping for a pair of taps, or you’re buying a new bathroom, There are two big factors you have to consider when you’re making a buying a decision; Price and Quality. It’s easy to cut corners where you think it’s an unimportant purchase (like clothes or cleaning supplies) and go just for price. Likewise it’s easy to blow out your budget on seemingly qualitative products because you think you should or it’s a rare buy, like a bathroom or kitchen.
As an example, you may think that consumable, like cleaning supplies or toiletries, are safe to go cheap on, but if you wind up buying more of a cleaning product to get the same effect as one that’s a bit more expensive (or one you could make yourself in larger quantities if you spent a little more), you’re actually wasting money.
At Dream Kitchens and Bathrooms, we have a wide range of products, of all levels of quality and cost. Let us know what you are looking for and we will match your budget with your needs.
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