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. Continue reading “Sometimes spending more can cost you less.”