When Buying Expensive Is Being Frugal
Not everything that is cheap is indeed frugal.
At times, the most expensive ones will keep a person from having to spend every so often and save him the perils of various debt like credit card debt.
But determining which expensive item is worth spending over is quite tricky.
It needs careful consideration and at times a slew of trial and error.
Quality Will Make an Item Last Longer This applies even to the littlest items like groceries.
A generic brand is a good choice over a top brand if it is at par in terms of quality.
Meaning both will last at the same period of time but with the generic costing less than the top brand.
This satisfies the goal of frugality which is getting the full benefits of both saving money and using a good product.
But if the price becomes the sole motivation for frugality, it may pose the danger of even spending more than what people intend to.
If a person indeed bought an item for much less but then has to buy it over and over again in a shorter period of time then he is actually spending more inconspicuously.
Cheaper products sometimes have to cut back on packaging and it is fine so long as the ingredients used are of standard and high quality.
But if they cut back on the ingredients themselves, they may use unsafe raw materials and this can greatly affect the consumers' health.
Big Ticket Items are Worth the Interest Rates In using a credit card for shopping, one has to be wary of the accompanying interest rates of his purchases.
He will be paying these for months so the lower the rates are, the more savings he can get.
This is the reason why some people make the mistake of using their plastics even for the smallest items like dinner or school supplies.
But this is impractical because small items are best paid in cash or paid for in full within the same month.
Credit cards are best used for big ticket items.
Although this means big interest rates as well, plastic do provide however protection against fraud and other delivery or processing mishap.
And with the price tag being pricey, months of repayment system will give ample time for people to save for their big ticket purchases.
Provided that they pay on time and pay in full, the interest rate won't be such a bother.
So in purchasing any item, people must remember that cheaper does not necessarily mean frugal.
At times, the most expensive ones will keep a person from having to spend every so often and save him the perils of various debt like credit card debt.
But determining which expensive item is worth spending over is quite tricky.
It needs careful consideration and at times a slew of trial and error.
Quality Will Make an Item Last Longer This applies even to the littlest items like groceries.
A generic brand is a good choice over a top brand if it is at par in terms of quality.
Meaning both will last at the same period of time but with the generic costing less than the top brand.
This satisfies the goal of frugality which is getting the full benefits of both saving money and using a good product.
But if the price becomes the sole motivation for frugality, it may pose the danger of even spending more than what people intend to.
If a person indeed bought an item for much less but then has to buy it over and over again in a shorter period of time then he is actually spending more inconspicuously.
Cheaper products sometimes have to cut back on packaging and it is fine so long as the ingredients used are of standard and high quality.
But if they cut back on the ingredients themselves, they may use unsafe raw materials and this can greatly affect the consumers' health.
Big Ticket Items are Worth the Interest Rates In using a credit card for shopping, one has to be wary of the accompanying interest rates of his purchases.
He will be paying these for months so the lower the rates are, the more savings he can get.
This is the reason why some people make the mistake of using their plastics even for the smallest items like dinner or school supplies.
But this is impractical because small items are best paid in cash or paid for in full within the same month.
Credit cards are best used for big ticket items.
Although this means big interest rates as well, plastic do provide however protection against fraud and other delivery or processing mishap.
And with the price tag being pricey, months of repayment system will give ample time for people to save for their big ticket purchases.
Provided that they pay on time and pay in full, the interest rate won't be such a bother.
So in purchasing any item, people must remember that cheaper does not necessarily mean frugal.
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