1 hr ago

Why the Lowest Price Can Cost You More

The cheapest item is not always the one that saves you the most money.

It might break quickly or need repairs, so you have to spend more later.

A better-made item may cost more at first but last longer.

Still, expensive things are not always better, and sometimes a simple, cheap item is all you need.

Think about how often you will use something and what it is for.

Also remember to count repairs and other extra costs.

A sale is not a good deal if you did not really want the item.

Sometimes the best choice is to spend more, sometimes less, and sometimes not buy anything.

Key facts

Main idea: A low price does not necessarily mean a purchase will cost less over time.
Value factors: Quality, durability, usefulness and frequency of use.
Hidden costs: Repairs, maintenance, accessories and having to replace an item.
Mixer-grinder example: Radha Rathod says her ₹2,000 mixer-grinder's motor overheated and its coil was replaced twice in seven months; she estimates she had effectively paid ₹4,000.
Alternative mixer: Rathod says a ₹5,000 mixer with a one-year motor guarantee might have been a better choice for her work.
Cost-per-wear example: The article compares ₹300 jeans lasting three washes with ₹3,000 jeans lasting 100 washes, estimating ₹100 versus ₹30 per wear.

freepressjournal.in · 1 hr ago