Many financial experts focus exclusively on teaching you to conserve your hard-earned dollars any way you can. Sometimes, however, there are reasons that you should spend a little more to ultimately save more of those dollars. For instance, when you’re dishing out your hard earned money for furniture, appliances, or other things you use every day, then you want them to last and hold up over the long haul.
When you go shopping for these items, consider this information:
Coffeemakers. If you’re a coffee aficionado, you know how important it is to make a good cup of coffee. On the other hand, if you prefer only the occasional single cup, you should still make the most financially smart choice when buying a coffeemaker.
- Do you drink several cups daily? Choose a sturdy, energy-efficient coffeemaker model. The least expensive model will likely not fulfill the task of keeping up with your coffee habit.
- Do you love your coffee but limit yourself to one cup daily? Consider one of the single-serving models. Yes, they’re expensive, but they’ll last for many years. Plus, if you don’t want to buy the single serving pre-measured coffee pods, you can still purchase the smaller filter cup to fill it with bulk-purchased coffee.
Cooking knives. Good knives will last longer than you will.
- If those cutting tools last you for 60+ years and you never buy another one, you’ll be money ahead even if you buy expensive knives. Be willing to pay more for quality, guaranteed-for-life knives.
Lawn mowers. Those who mow their own lawns know how incredibly frustrating it can be to go out to the garage, pull the lawn mower out, check the oil, fill it with gas, and then the mower won’t start. You only have two hours to get the grass cut. How annoying!
- A good lawn mower is constructed with quality parts and will pay off many times over. Pay a few bucks more to get the best (not necessarily the biggest) lawn mower.
Bed mattresses. Buying your mattress at a discount or general department store often means you aren’t getting the quality of construction you’d get if you went directly to the mattress maker’s retail store. Why?
- Mattress makers produce lesser-quality mattresses to sell for less (with their brand names on them) in those discount and department stores. Chances are good that if you pay a bit more, you’ll receive a higher quality product that will hold up over the long run.
Sofas. Think of the abuse a sofa goes through—kids jumping on it, you propping your feet on it, and your spouse taking a nap on it. It needs solid construction and well-designed cushions to last over the years.
- If you’ve ever owned a cheaply-made sofa, you know this is true: splurge when it’s time to buy a new sofa–$1,800+ is wise. If you can get a high-end sofa on sale, go for it.
When you are shopping for any of these items, you should, of course, do your homework in advance to find out as much as possible about the particular brand and model you’re planning to purchase. Look for sales on well-designed, quality-constructed items.
The bottom line is that when you pay more for these items, they’ll pay you back by lasting more years with no or fewer break-downs.