Sunday, July 17, 2016

6 High Cost Purchases That Often Pay Off In The End

Being frugal is both a blessing and a curse. On the one hand, saving money when and where you can is an important part of anybody's budget. On the other hand, skimping in the short term can definitely hurt your wallet in the long run. 

Check out these important must-have purchases and how spending a little more on them now can lead to big savings for you later.

Designer dress shoes

A cheap pair of shoes wears out quickly and can cause sore feet and ankles. There's no need to spend $100 a year replacing your shoes when you can spend just a little more on a pair that'll last you ten. 

Not only do they feel better, they look better too. Good shoes can be worn both in the office and at formal occasions, and can dress up even the most casual of outfits.

Bespoke suit

A suit off the rack is designed to fit a wide variety of bodies. The chance of it conforming decently to your figure is vanishingly small. 

A bespoke suit is constructed just for you, and flows around your form in ways that a tailored rack suit just can't compete with. This can make a big impression with colleagues and supervisors, so it's the perfect choice for promotion-seekers. 

Plus, a suit made of good material in a timeless fashion can last you your whole life. You'll never have to shell out for ill-fitting jackets and shapeless pants from your department store again.

New car

Buying a new car is not a luxury reserved only for the rich. Even though buying used seems like a good way to reduce the cost, pre-owned cars often come with a host of hidden problems. 

The money you save on your car may very well be spent with the mechanic, and then some. A well-maintained new car can last years before repairs are needed, keeping your bank account high and your stress levels low. 

You can find good deals on new cars for sale in St. George. Just because you buy new, doesn’t mean you have to break the bank. Consider what features are important to you, and what ones you can do without.

Efficient Energy Star appliances

Home appliances like your refrigerator, furnace, and water heater eat up a lot of energy. Energy Star appliances are designed to be as efficient as possible. 

They cost a few hundred extra, but you'll more than make up for it with lower utility bills. They can have other perks as well. 

For example, Energy Star washers and dryers have larger capacities so you can wash more clothes in less loads. Saving time and money is a great deal in the long term.

Quality kitchen knife

If you cook at home, something as simple as a good knife can make a world of difference. Low-cost knives dull easily and take longer to cut through vegetables. You may have to buy a new one at least once a year. 

High quality stainless steel knives resist corrosion and can slice and dice tough roots and stalks with ease. If you pay extra for professional sharpening, your knife can last decades.

High-end mattress

Poor sleeping conditions can cause insomnia, depression and lethargy. A quality mattress can go a long way towards improving your nights and your mood. 

Dropping the extra dollars on a comfortable mattress will give you more energy during the day, boosting your productivity so you can get out and maximize your earnings. It's about the closest thing you can get to literally buying more time.

Saving money is all well and good, but there are times when a big expenditure is worth it in the long run. Don't be a scrooge when it comes to these high dollar items. Lay out the money now so you can thank yourself in the years to come.

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