Many people looking for a great deal think that if they simply go for the cheaper item, they are doing their family’s budget a big favor. You might think that when you buy a cheaper item, you will end up saving a lot of money. It is only natural to think that spending less money in the short term is the same as spending less money over all. But you will find that this is simply not the case.
If you do the math, you will soon realize that every time you purchase a cheap item instead of a quality item, you are actually committing to spending more money over time. A quick example is with a car. If you are hoping to save money on vehicles, you might decide to go with a cheaper brand. Let’s say your car only costs you $13,000 brand new. Meanwhile, a more quality brand would go for 2x as much, or $26,000. We can assume that the lesser quality car may only last 8-10 years, meanwhile the higher quality vehicle will last at least 25 years. Over time, let’s say 50 years, you will end up buying roughly 5-6 of the cheaper cars, or spending $65,000-$78,000. Meanwhile, the higher quality vehicle that costs $26,000 in the short term, will only require buying two of which. That ends up costing only a total of $52,000. You will notice that you end up spending $13,000-$26,000 more on the cheaper cars over a lifetime.
This is often seen as an unfair advantage for people with more money – since they have more money they can afford higher quality things, and save more money in the long run. But you have a great equalizer at play. Take advantage of huge discounts at high quality shoe and clothing maker Stuart Weitzman’s Groupon Coupons page and live the lifestyle of a wealthy person. You can invest in higher quality gear, while spending less money over time. There is simply no need to waste your money on lower quality items when you can save money up front with discounts, and over the long haul on not needing to buy new items every few years.