We all know that the easiest way to save money is to give up the small things. Like our morning coffees (Never giving this up!), fast food, or eating out all the time. Another (often forgotten) tip is to actually to spend more money to save money. I know this may sound strange but think about it, would you buy a car that is falling apart and/or un-repairable just because it was cheap? Yes, for a short term it may suit your needs, but eventually you would have to either A) replace the car or B) spend money on repairs. However, if you would have searched and spent a bit more to get a car that didn’t need many repairs and in generally good condition you could save yourself from a lot of unneeded expenses.
Another great example is when buying furniture. Most people buy ‘assemble yourself’ furniture that is made out of fiberboard. If the pieces break it normally is not repairable and must be replaced, unless you don’t mind broken furniture. However, spending money on real wood (or build your own pieces!) not only gives you a solid quality piece of furniture, it most of the time provides room for repairs. Thus making your furniture last longer.
BUT does the expression quality over quantity always apply? I believe it does not. I do not always think in terms of quality. Why? Because sometimes it is just more worthwhile to buy the cheaper option. I, myself, never buy a computer mouse for more than $2. Why? Because I can get one off eBay for less than $2 shipped, and they last almost as long as a mouse bought at full price.
Winter tires have also been another place where I have saved hundreds by buying used and cheap. Although some of the sets I have bought have only lasted one or two winters, I have still (having owned a car for 5 years now) yet to spend more than $600 in all these years for winter tires. My room mate spent more than $1400 on winter tires this year alone. Sure, they may last a few years but who got the better deal?
Mind you, this does not mean to go out and buy the most expensive model/brand name out there. It definitely is not always in your benefit to spend more. However, you would be a fool if you did not take the time to research into the items you are buying.
What do you think? Do you always buy Quality over Quantity? Vice Versa? Do you know of any other items that are better to buy cheap/spend more?