If your money is tight, it’s instinctive to always try to buy the cheapest, whether it’s pasta or sofa. However, there are situations where the cheapest option is not the best choice for a long run, even when money is low: the poor are not worth buying cheap, says the old proverb. We listed four situations where you should not save on costs.
Invest in quality
In goods that are used a lot, it is worth investing in quality. For example, when buying a winter jacket, you should invest in a jacket that is timeless in style and made from durable materials. Cheap consumables sell quickly and break down and need to be bought all the time. However, if you make a one-time investment in a more expensive and high-quality product, you will save money in the long run, as the expensive product will last for the same time as cheaper versions should have been bought at the same time. . For example, many furniture, shoes, workwear, and car parts are worth buying in the highest quality to ensure a long life. If you want to get quality at a lower price, you might want to schedule your purchases at discount sales.
However, in a tight money situation, investing in quality only applies to hard-to-use items. For example, for paper towels and candles, it is the same whether the product is of high quality or not because it is used only once.
Expensive, and why not halvatkin, objects worth paying for containing credit card security product that will insure the product mm. in case of breakage. However, it is a good idea to remember to pay your credit card bill within an interest-free payment period to avoid additional costs.
Credit cards can include many other features that save money and make life easier, in addition to product security. Or what does free travel insurance or payment benefit look like for all your purchases? With our unbiased credit card comparison, you can find the one that suits you best.
Invest in efficiency
Investing in the energy efficiency of a home is like putting money in a bank; both my own economy and the environment are laudable. Here are some tips for upgrading your home’s energy efficiency:
- Checking and, if necessary, renewing the insulation of a house can save you a long penny in heating costs when the heat does not escape
- LED bulbs are more expensive than regular bulbs, but they also consume less energy and last longer than standard bulbs, which can save you tens of euros a year
- Old appliances are often energy wasters. Upgrading an old refrigerator to a new one will pay off in a few years with reduced electricity bills
Invest in services
If it is worth investing in utility items, so are the services. For example, in car repairs and home repairs, you should invest in skilled professionals rather than go for the cheapest offer. A poorly done repair or a bad car repair can end up being more expensive than a properly done and a little more expensive operation.
Buy the things you really like
Buying only the things you really like, even if they are expensive, can save you money in the long run. This is based on the fact that you really want to use really good items for a long time and not always want to buy new replacement products. In addition, important items are likely to be better maintained and cared for than inexpensive but just nice products, which will make them last longer.
Take, for example, bags. If you buy an inexpensive, pretty nice bag that you don’t particularly like, you’ll want to buy a new one soon. But if you buy an expensive bag, which is nothing short of love, the bag will probably want to use for years to come, and this does not need to buy a new bag every six months.
The same goes for cars, for example. It’s a good idea to buy a $ 40,000 BMW if you know you want to drive as long as your car lives and not save money by buying a new $ 15,000 Kia every 5 years.