The conventional wisdom tells us that we normally save more by spending less. However, personal finance blogger Allan Liwanag writes: “There are cases when spending less can cost you more in the long run. For example, buying disposable utensils constantly over a number of years will cost more collectively than making a one-time buy of a set of stainless utensils. In addition, purchasing brake pads for cars from time to time will cost you more collectively over time than purchasing brake pads with a lifetime warranty.” Indeed, in certain situations you can truly save more by spending more money such as spending more on healthy food, long-lasting tools and energy-efficient appliances. (thepracticalsaver.com)
Is It Possible to Save More by Spending More?
