Why a cheap product is not always the best value for money
From time to time you have to consider making large purchases and you might instinctively turn towards a cheap product. The problem is that a cheap product isn't always the best value for the money. This is especially true if you are purchasing items that are going to be used regularly and will suffer "normal" wear and tear. The fact of the matter is that spending a bit of extra money on a higher quality product could turn out to be more advantageous in the long run. Let's look at some instances why a cheap product isn't always the best value for the money:
- Furniture - Your furniture is hopefully going to be a part of your household for a long time. It doesn't make sense to buy a a cheap product that could turn out to be a bad deal. If you purchase a sofa, chair or even a table that is poorly made, chances are that you will have to replace it long before you would have to replace a product of a higher price.
- Winter Coats - Stop and consider how little use you get from a winter coat. Most times, you'll wear this coat for perhaps 3-4 months at the outside. A cheap winter coat often means that it is not warm, it's poorly constructed and it can ultimately last only one (or two) seasons. While it might be cost effective to but a cheap product, this wouldn't be the best value for your money.
- Appliances - Like furniture, you expect appliances to last a long time. However, there is also a hidden cost of appliances that might be overlooked if you purchase a cheap product. The hidden cost is the cost of running the appliance. A cheap product isn't always the best value for money if you are going to pay more during the life of the appliance to run it.
- Shoes - You might think that you can save money by purchasing cheap shoes. This is another area where there are hidden costs associated with a cheap product. Ill fitting, poorly made shoes not only deteriorate more rapidly than a more expensive shoe, but they can cause other issues as well. It does you no good to purchase a cheap pair of shoes and have to run to the doctor because of a sore back or legs. This is definitely a case where a cheap product isn't always the best value for your money.
While we are all searching for ways to cut down on expenses, before you purchase a cheap product make sure you understand the hidden costs and the downsides of doing so. There are plenty of products that offer a lower price tag that won't cost you more in the long run. Before you buy, consider why a cheap product isn't always the best value for your money.
