Frugality is usually an excellent mindset, particularly if you have a tighter budget. However, pinching pennies on some everyday items can actually cost you more in the long run than if you splurged. That’s why it’s critical to not fall into the penny-wise trap. If you’re wondering which product categories are worth spending a little more on, here’s a look at 11 everyday items that cost you more if you skimp than if you splurge.
1. Shoes
Inexpensive shoes usually don’t offer much support or comfort. Plus, they use lower-cost materials, so they tend to wear out faster. Since people spend so much time on their feet, that’s not ideal.
In most cases, it’s better to focus on quality when buying shoes. Find pairs that offer the proper arch support and good cushioning. Additionally, choose brands that are known to stand up to regular wear. By doing that, investing means you get a better experience, as well as more life out of your shoes, leading to a savings.
It is critical to note that spending less on kids’ shoes may make sense. It’s wise to purchase pairs that are high enough quality to be comfortable and handle the demands a child may exert on them, but since children can grow quickly, longevity isn’t as much of an issue. Since that’s the case, pinching pennies with them a bit isn’t always a bad idea, suggesting the comfort and durability parts of the equation are reasonable for the amount of time they’ll be worn.
2. Laundry Detergent
There are many options for saving on laundry detergent, including using a few simple ingredients to make your own. While some discount solutions can give decent results, others may not meet your expectations.
If a laundry detergent isn’t removing dirt and stains, it can cost you more in the long run. You may have to run the load through a second time, which could require additional soap and definitely means using more water. With a more expensive option, you may get the cleaning power you require in a single wash.
Plus, some higher-cost options also have ingredients that help clothing last longer. That can save you money since you won’t have to refresh your wardrobe as often.
Ultimately, going with a higher-quality laundry detergent isn’t a major investment. As a result, it’s often worth doing.
3. Pots and Pans
Buying new pots and pans can cost quite a bit, so it’s often tempting to go with cheaper options if you’re worried about your budget. The problem is that low-cost pans and pots may tear up faster than you’d expect. Plus, if the bottoms aren’t thick enough, the pots or pans can warp in just a few uses, causing them to not sit flat on your stovetop.
Generally, it’s better to spend a little more when you’re purchasing pots and pans. High-quality options will give you far more years of use and won’t suffer from issues like warping. As a result, you can keep using them longer, often resulting in savings over time.
4. Lightbulbs
While LEDs usually cost more than any of the available alternatives, splurging on them usually saves you money in the long run. LED lightbulbs are designed to last for years if not decades. Plus, they cost very little to use.
As a result, investing in LED bulbs limits your need for replacement lightbulbs down the line. Additionally, it can help keep your electric bill in check. Since that’s the case, going with LEDs is generally the more frugal choice.
5. Clothing Staples
While going for inexpensive when buying trendy clothing that you may not wear for more than a season makes sense, when it comes to staple pieces, it’s better to invest. Cheaper clothing won’t generally last as long, as inexpensive materials may shrink, pill, or change shape as time passes. As a result, you’ll need replacements more frequently.
By focusing on quality when buying clothing you intend to wear regularly for years, you usually save in the long run. Well-made pieces with high-quality materials won’t show wear and tear as quickly, allowing you to get years out of them. Since you won’t need replacements for some time, that single investment today can usually save you money over time.
6. Batteries
Low-cost batteries don’t usually offer the same lifespan as higher-quality alternatives, especially in high-use, high-drain devices. As a result, splurging on name-brand batteries that can provide suitable longevity is usually worthwhile, as it means needing fewer replacements.
The main exception here is low-use, low-drain devices. In those, inexpensive batteries may be enough to meet your needs without dying too frequently, so keep that in mind.
7. Frequent-Use Small Appliances
When you’re buying small appliances for your kitchen, paying a bit more to get higher quality versions of those you’ll use regularly (at least weekly, if not daily) is usually worth doing. Generally, more expensive ones will have higher-quality components, which gives them more longevity. Plus, they may be better at handling their designated task, leading to less frustration during use.
For small appliances you won’t use regularly, then going with a cheaper version may be okay. That’s especially true if you only need it to do a decent job – instead of a good or great one – at the task it’s designed to handle.
8. Mattresses
Buying a new mattress normally means spending a pretty penny. For those on tight budgets, they may assume that going with a cheap mattress is the best choice. However, a subpar mattress can cause unexpected harm. You may struggle to get a good night’s sleep, which can negatively impact your well-being, productivity at work, and other aspects of your life. Plus, if the mattress is uncomfortable, it becomes a source of stress and frustration.
Fortunately, you can get a good mattress without having to buy the most expensive option on the market. Focus on quality when you search for available options, and try to narrow down your choices to a few mattresses from reputable brands with strong reviews. Then, factor in the cost.
9. Pillows
Like mattresses, the quality of your pillow matters. A cheap pillow might not offer you the right support, causing sleepless nights or pain in areas of your body, such as your neck. Plus, inexpensive pillows don’t usually stay in reasonable condition for long, so you’ll have to replace them frequently.
By investing in a higher-quality pillow, you’re giving yourself a chance for a better night’s sleep. Plus, the pillow will remain in good shape longer, limiting your need for replacements.
10. Toilet Paper
While there are some highly inexpensive toilet paper options on the market, going too cheap works against you in many cases. If the toilet paper isn’t high quality enough, it usually takes more to feel clean. Plus, the material may be a bit rougher than you’d like, which isn’t ideal considering toilet paper’s main purpose.
Since better quality options aren’t significantly more expensive, splurging for a better experience alone is potentially worthwhile. Plus, you may need fewer sheets each time, which means packs may last longer when compared to cheap alternatives.
11. Tools
Technically, there are situations where buying low-cost tools is the better choice. However, that’s mainly limited to tools you may only need to use on rare occasions. If you plan to use them regularly – and especially if they play a role in your job – investing in quality ones is the better choice.
Higher-quality tools can have dramatically longer lifespans, and some may even last a lifetime. Plus, they offer improved performance and may be more comfortable to put to work, which makes doing tasks with them easier or more enjoyable.
Can you think of any other everyday items that can cost more if you skimp on them instead of splurge? Do you have a higher-cost item you use regularly that was worth every dime you paid and want to tell others about it? Share your thoughts in the comments below.
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Tamila McDonald is a U.S. Army veteran with 20 years of service, including five years as a military financial advisor. After retiring from the Army, she spent eight years as an AFCPE-certified personal financial advisor for wounded warriors and their families. Now she writes about personal finance and benefits programs for numerous financial websites.
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