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Times When Spending Saves You More

Times When Spending Saves You More

If you’re frugal by nature, the thought of spending hundreds of dollars on products and services is daunting. You may devote your time to source out the cheapest possible options. Although bargain hunters make great savers, there are times when you must give in and dig deep into your finances. Spending more on some products and services will save you a lot in the long run.

House hold Appliances

Do your research before you purchase your household appliances. Choose appliances based on their energy star rating. Energy ratings are a strong indicator of ongoing costs and most labels will show energy consumption per year. Generally, the more stars, the more you will pay up front but the less you pay in the long run.

– Fridges and Freezers
Quality is especially important when purchasing fridges and freezers. These appliances operate continuously; consuming 10% of the average Kiwi household’s energy bill!

-Washing Machines
Washing machines need high energy ratings due to their water usage. Front-loader washing machines are more energy and water efficient than top-loaders.

-Small Appliances
As for small appliances, a coffee machine can prove a great investment. The price may be a lot to take in, but consider how much you spend on takeaway coffees. If you buy a coffee every week day, that’s around $80 a month.

Clothing

As extravagant as it sounds, spending money on a few pieces of smart, good quality clothing can save you a lot.

Ever struggled to find something to wear to a job interview or a wedding? Most of us have rushed out to buy an outfit last minute, only to have it buried in your wardrobe, long forgotten. Owning a good quality suit, dress or other type of formal wear will save you money on many occasions.

Buy an outfit made from good quality material that will last. Don’t try and keep up with the trends, buy a timeless outfit that will be suitable for many years to come. And you never know, with a smart suit you may even score yourself a high paying job.

Services

– Dental Visits
The most dreaded appointment, resulting only in pain and soaring costs. Detect and prevent issues by paying regular visits to your dentist, twice a year. Waiting until you’re in pain can lead to fillings and extractions, stacking up some serious cash.

-Car Maintenance
Like dentist appointments, maintenance can prevent issues from slowly deteriorating the condition of your car. Frequency of services depends on the model and age of your car as well as how often you use it. A healthy car means a longer engine lifespan and better fuel economy, saving you tons on gas every year.

Servicing will improve the resale value of your car. Instead of driving your car into the ground, you can get a decent amount of your money back when it’s time to move on.

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Disclaimer: The above information is general in nature and not intended to be advice. You should consider seeking professional advice before following any suggestions in this blog/website.