Trying to save a few bucks on these everyday purchases may cost more in the long run.
7 Times You Get What You Pay for When Trying to Save Money
It’s only natural to try to cut corners on everyday expenses, especially during a troubled economy. Be careful, though. Some corners are better just the way they are when it comes to saving money on certain things.
Going the cheapest route on large expenses can also be a mistake. So, what are some items or services on which you should never skimp?
Click or swipe for 7 times you get what you pay for when trying to save a few bucks.
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1. Buying discount clothing
That $10 shirt from a discount retailer sure is a good deal – until it starts falling apart after just a few washings. While there’s no guarantee that your clothes will last longer when they come with a higher price tag, it’s a pretty good bet that if you buy a new article of clothing for next to nothing, the fabric will be cheap and the stitching won’t hold up for long.
Don’t despair if you want to save money on good clothing, however. You can still get quality clothes at bargain prices by shopping end-of-season clearance racks at higher-end department stores.
2. Walking away with cheap shoes
Just like shoddily made clothing, shoes cobbled together with cheap materials won’t stand the test of time if you wear them much. Even worse, the money you saved on cheap shoes could be outweighed by how much you may spend at the doctor for back and foot problems caused by wearing poorly made shoes.
3. Wiping up savings with cheap paper towels
You know that paper towel brand sporting the picture of a lumberjack who looks like he can wipe up any mess you can muster? Well, cheap paper towels should have a picture of a twig-like man being tossed about the kitchen by ceiling fan winds, because you get the equivalent when you cut costs on paper towels.
The thing is, pricey paper towels will last a lot longer than a package of six flimsy rolls you can get for less than half the price. That’s because you won’t have to use three or four paper towels to clean up a mess that one good absorbent paper towel can easily cover.
4. Rolling cheap toilet paper through the checkout aisle
Nowadays, even the cheapest toilet paper isn’t cheap, since the pandemic put the fear of not a square to spare into the American public. So, it’s tempting to grab the package of toilet paper with the lowest price and worry about quality later.
You won’t have to wait long, however, since you and your family will blow through several rolls a day of that one-ply “bargain” brand and you’ll soon return to the store to buy toilet paper again. If you want to save, it’s better to clip coupons, watch sales and buy a better brand in bulk.
5. Trying to hammer down home repair costs
When money is tight, it may seem like a great idea to hire the cheapest guy you can find on Craigslist to install your new furnace or paint your house. However, skimping on home services isn’t generally a good idea on big jobs such as painting, kitchen remodels and other renovations or repairs.
That fly-by-night handyman may ignore your phone calls later if problems arise and probably doesn’t have insurance in case he trips and falls while lugging your new hot water heater down the basement stairs.
6. Snipping away at haircut costs
There’s a reason why haircuts and styling are so cheap at those walk-in places that charge only $10 or so. You won’t find many – if any – hairstylists with years of practice cutting hair there, so every customer is a learning experience.
The good news is that hair – along with self-esteem after a bad haircut – can always grow back. And you only need to spend an additional $20, $30 or maybe a little more to walk away with a hairstyle you love.
7. Dripping stinginess into paint purchases
Paint is expensive, so buying cheaper house or interior paint to save hundreds of dollars may seem like a smart move. However, when you buy cheap paint, it typically doesn’t cover well, at least not compared to more expensive brands like Benjamin Moore or Sherwin-Williams, so you end up using more paint and having to repaint sooner.
Here’s a better idea: Wait to buy paint at 20% to 40% off regular prices from higher-end stores during sales offered for Memorial Day, Labor Day, 4th of July and other holidays.
Published by Debt.com, LLC