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WRAL SmartShopper

WRAL SmartShopper

How the cheaper option can cost you in the long run

Posted February 13, 2011

Here's a good article on Yahoo Finance about how being cheap with some purchases can actually cost you much more in the long run.  The author is definitely right about her cautions regarding coupons. Don't feel obligated to use coupons for certain products if you don't use that product anyway. What good is an overstock of 50 Polident toothpaste tubes when you are 30 with perfect teeth, even if you did get them for free?! Thanks to Sherri for sending me the link to the article.

Do you have any more suggestions about when not to go cheap?

One thing I suggest is not to go cheap when it means your safety might be at risk. There is a reason that the hotel is only $35 per night when others a few blocks down are $100 per night. Do your homework so you don't lose more than just money. Since we had children, I am much more willing to spend a little extra for peace of mind. That is why we went with the Honda Odyssey instead of less expensive mini vans with a lower safety rating and lower overall recommendations from magazines like Consumer Reports. That baby is paid off and still going strong at 155,000 miles so I am pleased with that purchase. Looking forward to celebrating the 200,000 mark!

8 Comments

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  • j3434 Feb 14, 2011

    Amomoftwo, I had GREAT luck with some New Balances this year. Here's what I accidentally did. :) I bought last year's model right after the new ones came out from the best price place that wasn't an Ebay link on Google Shopping. Turns out it was a New Balance store in Altoona, PA. I got my shoes for half the price I would have gotten them had I bought them local and this year's model.

  • Faye Prosser - Smart Shopper Feb 14, 2011

    Great suggestions, everyone! Happy - I was watching Monsters Inside Me (the show about bugs/wormes, etc that grow in you and cause harm). The one I saw was about a worm a woman got from eating salmon sushi and the story went on to describe how much seafood has these very dangerous worms. The only way to prevent getting them is to freeze the seafood or make sure it is cooked thoroughly. Ewwww.... It really doesn't have to do with your post, but your seafood comment reminded me of the show. Ewww.... I will never eat raw sushi again. Now, you can show me a California Roll any day of the week! LOL

  • happy Feb 14, 2011

    Seafood! Ever since I read an article discussing how seafood from overseas doesn't go thru the FDA processes and quality control, I've never bought it again. There's a reason it's so cheap. Many of the Asian countries grow the fish in manure ponds. YUCK. It's either Earp's or nothing for me.

  • Amomoftwo Feb 14, 2011

    I have to encourage my husband not to skimp of buying quality sneakers. He's on his feet all day long...and walks alot for work...cheap shoes don't support his feet or his back properly and could lead to some long term medical problems. So we watch for coupons and buy more expensive sneakers on sale with a coupon....

  • Oxymoron02 Feb 14, 2011

    Anything having to do with your car or your home is not to be avoided. Shop around but get it done. If you want to be really frugal about it, learn how to do it yourself. The most basic auto maintanence, changing tires and the oil, can be taught to a 10 year old.

    I agree, more than I can say, about getting quality food. Cheap, over processed garbage is what far too many people eat day in and day out. Oddly the most common reason most people I talk to cite for NOT wanting to coupon "they only have coupons for junk food." There are a LOT of Qs for junk and highly processed food, but there are Qs for good stuff too. You just need to get past all the Cheez-its (anyone here remember when they were forced to remove "Cheese" from the name? I do) and Hormel (nobody needs that much salt in a day, let alone in one sitting) and get to the whole wheat pasta, frozen veggies and canned fruit (though it's up to YOU to actually pick the stuff that's in its own juice, not swimming in heavy syrup).

  • pirategirl12 Feb 13, 2011

    Tires! This goes along w/ safety as well as durability. I don't buy the very top of the line nor do I buy the bottom. A nice "middle" works for me!

  • brassy Feb 13, 2011

    You definitely get what you pay for with cars. Just before we got pregnant, my husband insisted on replacing my 6 year-old Honda with a preowned BMW. I felt guilty driving an expensive car, but soon I was able to see where our money had gone. The reason the seat belt kept "choking" me was because it tightened when I braked. In the Honda, I had banged my head on the steering wheel in an accident even thought I was wearing a seat belt. The backup sensor spared several garbage cans and mailboxes. I admit in addition to being a horrible driver I know nothing about cars. I tried to change the wiper blades on the Honda and they fell off. Between the preowned service plan and the onboard computer, the NMW tells me when to take it in for service. All I have to do is hand over the key.

  • bcde Feb 13, 2011

    When it comes to furniture, I think it is better to buy quality pieces that are durable, instead of the cheaper furniture that won't hold up in the long run. I personally also like antique furniture, because I figure if it has held up for 75 to 100 years, it will probably survive a lot longer. :)