Imitation jewelry causes skin irritation, so it makes sense for me to invest in expensive real jewelry, and because there is good resale value, it is an actual investment. Here, there is an actual need of high-end or higher-quality products because the cheaper alternative is bound to cause issues.
Sometimes buying cheap products can cost you more over the course of time, than investing in the high-end version of it. While we want to save money, we might be spending more on buying things that cost less. Higher-end products usually are made up of very good quality that lasts you years and the warranty that covers the products is also longer.
Suppose you buy an average food processor in the range of $30 to $80. It won’t come with a warranty, even if it did it will be for a year or so and that too on certain parts. If you use the food processor daily, it will break down in a year or two. You will have to go out and buy one again, you will probably go for one in the same range.
Now, on the other hand, if you purchase a more expensive food processor, I am not talking crazy expensive, but a decent upgrade, in the range of $300 to $400 with a five-year warranty plan, then you will end up saving money down the line. The food processor will even last way longer than the five-year warranty it came with. It will not only save you money, but it will also save you the headache and time of finding a new one every time the cheaper option breaks down.
That being said, is that reason enough to always invest in things that are expensive in the name that they will be high-quality?
Yes, it may be worth the extra bucks you spend to get the top of the line product that will hold up to wear and tear and last longer.
But, is that always the case though?
And if so, are there ways that will help us invest in high-end products but also save money by doing so?
Do Your Research
You should take the time to thoroughly research the reviews, issues, and sale details related to the product when you plan on purchasing a big-ticket product. Read product reviews and check to see if the product is actually durable for the price it comes at. This will help you determine if the product is worth the investment, or you are better off with a cheaper alternative.
Check to see if there is another product that has the features you want at the best value, make sure to check the resale price as well. Most high-end products have great resale value, so they are truly an investment.
Does the Item Go On Sale?
If you are planning to buy something expensive, then looking out for sales is a great way to buy higher-quality products at a reduced price. If the product is a summer product, then wait for the season to end, that way you will get a good deal on an end-of-season sale, when businesses want to get rid of the past season’s stuff to make room for the new season essentials.
Then there are holidays when there are huge discounts on electronics and other household items. Don’t forget the Black Friday and Cyber Monday sales. Do your research to find when does the item reaches the lowest price point, and that is when you swoop in and make the purchase.