Some items that fall into this smaller category of products and services are shoes, cell phones/smartphones, computers, winter clothing, and small kitchen appliances. As you can see, this list is very diverse both in functionality and price. Yet spending more for quality will save you money over time. One reason may be that there is no additional expense needed for several years. Another is there are benefits other than the cost of the item that will likely prevent you from spending money over a period of years. An example will illustrate each principle.
Shoes both protect and support the feet, and an ill-fitting shoe can cause blisters, calluses, or even contribute to back problems. For most people, their feet are essential body parts that help them go about their day with a minimum of trouble. They are taken for granted, except when they are injured or cause problems for other reasons. So the idea of spending more for a higher quality pair of shoes can save you money by not only lasting longer because they are made of a superior quality material, but also minimize the possibility of spending additional money for doctor’s visits or required medical treatment.
To illustrate this by the numbers, suppose there is a pair of quality shoes that costs 50 percent more than what you initially planned to spend – 93£ instead of 62£. If this simply isn’t an option then you could consider Payday Loans to top up your savings to allow you to make the purchase. Your 62£ shoes may last you 18 months, while the higher quality pair would last twice as long, 36 months. Your cost per month would be 3.44£ for the cheaper shoes versus 2.58£ for the more expensive shoes over that 3 year period. Also consider that after 18 months you would have to buy another pair of the less expensive shoes, coming to a total of 62£ saved over the 36 month period. This amount does not include the potential health benefits and savings mentioned above.
When shopping for a computer, the average consumer can take advantage of immediate savings and still spend more than originally planned. This is one of those rare opportunities where both short and long term savings can be realized if the proper planning is done. The current computer technology is relevant for between three and five years on average, so the computer you purchase today should retain most of its functionality for a minimum of three years.
In deciding which computer to purchase, the quality of the components is one issue, while the amount of RAM, hard disk space, and processor are a second concern. Higher quality components will cost more initially, but will translate into a longer life of the computer, avoiding spending more money for a new unit sooner. Choosing a unit with the most technology you can afford now will avoid spending additional money later to upgrade the computer, or even buying another new one.