When Spending More Saves you Money

Tip JarIt is true that we are bombarded to scrimp and save whenever we can especially on these hard times when inflation rises seem to be unending. And so we spend less on fast food joints, opt to buy cheaper brands in the grocery, buy in bulk or walk instead of taking public transportation.

As these are truly excellent ways to save and reduce expenses, we must be aware that this ideology of choosing the cheaper alternative does not apply to all. Here are some tips that may require you to dig deeper on your pockets at first, but will prove worthwhile in the long run.

1. High Quality Appliances.

It is true that a higher price does not mean better quality. But when it comes to appliances, you must choose that which are  durable and reliable. Cheaper cost usually means cheaper parts. You don’t want appliances to fall apart easily and require repair or replacement when you just don’t have money to spare. So don’t be caught unaware. Recognize what brand have been noted to speak of quality in their specific field. Fact is they may be more expensive but they will most likely last longer and give you less problems in the future.

It pays to bank on brands that you are guaranteed of. Big brands also usually offer better after sales service with local repair shops that you can count on. So opt for quality and take care of them and you’ll be glad you did when they are still working for you after a decade.

2. Energy Efficiency.

Being green does not come cheap. If you notice, the higher the energy star rating a product has, say a fridge, the higher it cost when compared to another unit with few stars. But if you are not keen on saving the planet and reducing your carbon emission, remember that in the long run, these items will save you heaps on your energy bills. Energy rates go up almost every year so the more efficient a machine is, the more you end up saving. There are many energy efficient items out in the market starting on energy efficient light bulbs, laptops and even television. So look at the stars the next time you shop.

3. Maintenance Service.

Cars, home appliances and other service that your house may have, including termite control requires regular checks. These maintenance and preventative measures may seem to take a lot from our budget but as they are scheduled, you must be smart enough to save and prepare for them. That is way better than being caught off guard by car trouble or a malfunctioning appliance.

4. Regular Health Checks.

Again prevention is better than cure. And this applies more importantly on our greatest asset, our body. Don’t forget that your health is important to keep you going and working. So book those annual check ups and dentist visits to make sure that everything is doing well and should there be a problem, say you need a root canal, then you can plan on how to pay for it in advance while it is not yet at its worst.

5. Quality Clothing (and Proper Storage).

Never scrimp on clothing and don’t be a victim of “we are on sale” signs.  Unless you are shopping for a child who is in his or her growing period, it is wise to purchase quality instead of cheap clothing as it is likely to last you for a long time. Same goes for shoes and bags. Go for classic and simple designs that never go out of fashion. And store clothes properly when not in use, say winter wear, to guarantee continuous use.

Follow these tips as they will definitely save you not only in terms of money and time but perhaps importantly from surprise expenses and inconveniences.

Jessy is an Autralia-based mom of three kids, frugal shopper and vegetarian. She blogs for HomeLoanFinder, the best free eco-friendly tool that allows to easily compare home loan rates. For non-Australian based users, HomeLoanFinder offers a wide variety of free money-saving guides and tutorials.

Image Credit: http://pickrent.com/

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