Overpaying Isn't Always A Bad Thing

Cheap products don't always have the same lasting appeal as something that might cost a little more. Blogger Allen Tucker reminds us that sometimes it's best to wait it out and overpay for products that might last longer and suit you better.

Photo by Ryan Forsythe.

Tucker's argument is two-fold. On one hand, you clearly get a better product when you invest more in it. On the other, you're also deciding what's really important to you (and your wallet):

When we change your mindset from getting the best deal to getting the best quality, it changes the emphasis from shopping to deciding what's important. Because we only buy quality, we are forced to wait until we can afford what we really want. That wait time leads to better decisions, and it forces us to make do with what we have. Often making do or improvising means we can avoid buying things we don't need, thereby saving money.

Of course, you'll always find exceptions to the rule. Sometimes cheap stuff is better; other times a cheap product is enough to suit your needs. Tucker's argument is that when you remove the price from the decision criteria you're more likely to end up with something you truly want.

Pay Too Much [Allen Tucker]


Comments

    by waiting it out, you might realise there are issues about the product and can decide accordingly.

    Overpaying does not equate to Paying more for a better product
    Overpaying means paying more for the same product.

      Agreed -- completely incorrect use of the term "overpay". Overpaying = paying too much (aka "getting ripped off").

      Paying more for a similar product that's better quality, is not the same as getting ripped off...

        Also Agree. Would be interested if there was any reason to actually over. All this article is about is paying more for better quality. Not exactly revolutionary.

    'Buy nice or buy twice' is the motto with climbing gear.

      I'd think it would be something more along the lines of 'buy nice or fall to your death'

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