Buy Cheap – Buy Twice (or 3, 4, or more)

Have you been in the middle of a purchasing decision and decided to purchase the item that cost less – and ended up regretting the purchase because it failed to live up to your expectations or was a complete piece of junk?

For example, I purchased a cheaper dryer when Jenn and I were married.   It wasn’t the absolute bottom of the line, but it was near it.

Just a few years later, Jenn and I were replacing it.   We bought cheap.   We had to buy the item twice.

I have bought cheap push mowers in the past.   They have never lasted beyond a couple of years.   My great aunt bought an expensive Lawn-Boy in the 60s and the thing will probably still be running when Jesus comes back.

I have used cheap chain saws.   They work great for a while, and then they fail.

Now, don’t get me wrong, I really believe in frugality and well-thought out purchases, but many times I believe we mistake “save a few pennies now” for “frugality” when in fact we need to consider the total cost of the purchase from the day we buy it to the day it finally stops performing.

Share with me some of your experiences with this!

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5 Responses to “Buy Cheap – Buy Twice (or 3, 4, or more)”

  1. Cindy Gowan December 21, 2010 at 6:28 am #

    Cheap faucets. It is well worth it to pay the little extra for a well known brand that has a good reputation. Purchased a kitchen faucet a year ago,a brand I had never heard of, didn’t purchase Delta or Price Pfister because they were more, but now the other one is leaking and not holding up very well.

  2. Arlene Grimes December 21, 2010 at 7:23 am #

    All I can say is, my always told us…”you get what you pay for.” Yep, it has proven to be true lo these many years for my husband and I. We try to buy in the middle…not too many “bells and whistles” but not the bottom either.

  3. Kerry Krueger December 21, 2010 at 7:26 am #

    I am in full agreement with spending the extra money for a quality product. I had my own landscaping business in the 80′s. We purchased commercial mowers that ran about 1,000.00 each. The ran 40+ hours a week and lasted two to three years before we would start repairing them. I always thought a homeowner buying a mower like this would never have to replace it again. Also the better mowers means they do all the work, not you. I have a good mower now, not a commercial, it is still working well after 6 years.
    Investing the money in a better product can pay off in the long run and get your money’s worth out of it.

  4. James Yarborough December 21, 2010 at 7:42 am #

    Dryer just went out. Replaced some parts and still can’t get it to work. Have not made the purchase yet but automatically went to the cheaper end of things thinking “How cheap can I get a new one for?” Talk about a post hitting at the right time.

  5. joe lowe December 21, 2010 at 2:08 pm #

    same here Joe. My wife and i gave our washer to a family member who was in desperate need at the time (we didn’t need it then). we bought our first home and needed one. bought a refurb from a friend and it died during the first load… WATER EVERYWHERE. Went and purchased a new one, and thing runs like a dream!!

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