It’s no secret that cutting back on spending is the top way to save money. When is it smart to spend a little more money to save?
Quality. There are some bargain items that will cost you more in the long run if you have to replace it because it wears out too quickly.
Buying in bulk. Common staples such as toiletries and food items that don’t perish quickly can cost more initially, but at the end of the month, you will have spent less overall. They key is to ONLY BUY IN BULK WHAT YOU NEED.
Healthy food. While healthier foods aren’t always more expensive, it can be pricier over cheap fast food. When comparing the cost of a salad to a hot dog, remember the high cost of medical care and you’ll see how expensive that hot dog will be in the long run.
Understanding when spending more may actually be preferable to spending less as a method for saving is part of the path to financial well-being.
“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” James W. Frick