For all the self-proclaimed frugalistas out there, saving more is the name of the game. The more money you save, the better. A frugal lifestyle is centered on the fact that you should spend less. But is that always the right thing to do? Not necessarily.
Sometimes, it’s worth the money to spend a little more for quality over quantity. Think of the expense as a long term investment. While you’re spending a little more upfront initially, you can reap the benefits for much longer. Let’s take a look at 5 things you should always spend more on:
Clothing & Shoes
Clothing and shoes are two things we always seem to be shopping for. as we need to find something to wear whether it’s an event we have to go to or due to the changing seasons. It’s very tempting to go ahead and buy the cheapest you can find, but if you think about it, the less expensive item isn’t going to last you very long. Have you ever bought a cheap t-shirt, only to have it shrink during your first wash? If you spent more on a high quality shirt, it probably would’ve lasted you longer. This is especially true for shoes, where spending more will save you from foot pain later on.
Many choose to skimp on home appliances, especially if they don’t intend to live in that home long-term. However, in certain cases, it’s worth it to buy top-of-the-line. The biggest reason is energy efficiency. Many cheaper home appliances don’t have that energy star logo, meaning you’ll be paying more in utility bills. Also keep in mind the costs of maintenance. Lower end products might be more prone to breaking down, which means more in repair fees.
Many people choose to go without health insurance (which now might cause you to get hit with a penalty due to Obamacare). Even if you’re young and healthy, it’s always a good idea to get health insurance. You really can never know what will happen. A simple accident can erase your emergency fund or any savings you have.
We love our pets. They’re almost like family members, and we want the best for them. Even if your dog or cat seems to eat almost anything, spending more on their food is worth the extra cost. Not only will this make them happier and healthier, but it’ll also save you money in the long run. Yes, you’re spending more now, but investing in good food is also an investment in their health. This means less expensive trips to the vet and a longer lifespan for your furry friend.
You can get away with buying furniture from IKEA most of the time, but splurge a little for things you use frequently and often. For instance, you probably spend a lot of time sitting at your desk in an office chair if you work from home. A cheap chair will give you back aches and make it much more difficult to be productive. Spend a little more and make your life easier.
What is one item you are always willing to spend more on?
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