Finance

Sometimes spending more can cost you less.

Learn how to spending money can cost you lessRight now we are in the heart of shopping season and the more we buy the more we may begin to question the price-point of some of the purchases. I by no means am a brand junkie. I will admit however I prefer some brands over others. I like to make my purchases based on quality. I will admit however there are some brands that are synonymous with quality. I remember a few years ago there was a basketball player named Stephon Marbary, who like many basketball players had his own line of tennis shoes. He however took a different approach than most athletes, his tennis shoes were sold for roughly $20 instead $100, I clearly remember watching a news story on TV that compared his tennis shoes to the leading $100 brand. It was found that his tennis shoes, called the Starburys, were of equal quality to that of the more than $100 tennis shoes. Stephon Marbary line of tennis shoes are one of the few cases in which a quality brand that could have otherwise easily charged five times more, purposely choose to charge a lower affordable price.

You may think that it is unjustifiable for some companies to charge what may seem to be 50 to 75% more for their particular products.

However sometimes spending more can cost you less money over time. A friend of mine and his father both purchased dress shoes for church roughly about the same time some years back. His father just wanted to get shoes that fit at a good price. On the other hand, my friend meticulously examined each shoe and ultimately purchased a pair of shoes that were about four times the price of his fathers shoes. Needless to say his father constantly joked about his son’s expensive taste. Finally my friend has gotten the last laugh, in the past few years his father has gone to buy multiple pairs of dress shoes. The less expensive shoes began to wear down and become more uncomfortable in less than a years time. Meanwhile my friend was still on the same pair of dress shoes. In that span of time the cost of the life his shoes where less than that of his fathers. I am not saying to go out and spend hundreds of dollars on shoes. I do recommend taking the time to examine the quality on anything that is going to have frequent use to determine if it is worth spending significantly more. I apply this rule to everything I buy. Every sale is not worth your time. If your new bargain shirt is going to split at the seams upon the first wash, it would have been money saved to not buy it instead. Beds, shoes, pants and work shirts are a few things I recommend really checking the quality of and perhaps spending a little more. We spend a third of our lives sleeping, so don’t skimp on a really comfortable mattress, doing so may result in a Scrooge-like demeanor. We spend a considerable amount of our lives in shoes, make sure the shoes you wear most frequently are quality. Spending a little more on the wrinkle-free stain resistant button down shirts can save a lot of money over time. Spend a little more to purchase a quality purse or wallet that you know you will carry everyday often. Items that are going to be worn maybe once or twice a year can be of standard quality. I honestly cannot think of a time where I spent a little more and was dissatisfied with the quality. Save yourself time a frustration and buy great quality the first time of round to save yourself money of the long-run.

33 thoughts on “Sometimes spending more can cost you less.

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