16 Things To NEVER Cheap Out On

16 Things To NEVER Cheap Out On


October 23, 2024 | Sarah Ng

16 Things To NEVER Cheap Out On


Investment Purchases You Won't Regret

Everyone loves a good deal or sale—but just because a product's "cheaper," doesn't mean it's better. A "good deal" can often lead to disappointment, especially because poor-quality items break down much quicker. This can be more expensive in the long run.

Here are some of the items we believe are well worth the investment. Splurge a little! You might thank us later.

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A Well-Tailored Suit Or Blazer

If you're someone who wears a suit or blazer regularly, investing in a piece that will last you a lifetime will be well worth the price tag. You might have to shell out a few hundred dollars for a decent blazer, but it will become a staple in your wardrobe—ready to wear for work or special occasions.

Man wearing pinstripe suitVladimir Kudin, Pexels

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Tires

Investing in good tires might not be the most satisfying purchase, but investing in excellent tires will likely save you headaches in the long run and keep you much safer. High-quality tires can last you a decent amount of time and can be used for up to 70,000 miles. 

Cheap tires, on the other hand, can be dangerous and will have to be replaced much faster.

Black tires in close up shotJavier Balseiro, Pexels

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An Ergonomic Chair

Whether you work from home or in an office, investing in a comfortable ergonomic chair can be a game-changer for your posture. Moreover, many find that the right chair can significantly decrease back, shoulder, and neck pain. When your body is aligned, it's better prepared for work and will make your overall quality of life much better.

Black office chairCurtis Adams, Pexels

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A Coffee Maker

If you're likely to spend $5 every day at your local café for your much-needed morning coffee, there's one investment purchase that might help you kick this spending habit to the curb. Try buying a coffee maker that produces your ideal cup of coffee. 

The price might be daunting at first, but it could end up saving you hundreds of dollars. Start making excellent coffee at home, and you might never look back.

Clear glass mugDina Nasyrova, Pexels

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A Good Education

Paying for a post-secondary or post-graduate education is a big decision to make—and has the power to shape your future in dramatic ways. According to the Bureau of Labor Statistics, those who have not pursued any undergraduate studies have struggled in the workplace versus those with post-graduate degrees.

A person holding a bookFeyza Tuğba, Pexels

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A Plunger

A plunger is an easy household item to cheap out on. You can easily grab one from the dollar store and it'll work just fine... right? Wrong. Sadly, most cheap plungers won't be able to fix your problem in the case of a serious plumbing emergency. Make sure your plunger is durable and it'll never fail you.

Colorful plungersMichelle Ress, Flickr

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Laundry Services

If you value your time and have money to spare, investing in a laundry service might be the key to getting the most out of life—especially if you're devoting hours and hours to this chore every week. This is certainly a luxury, but for some people, it's well worth the cost.

Woman doing laundryTima Miroshnichenko, Pexels

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Direct Flights

On paper, it might not sound like a big deal to make several stops on your journey to your destination—but it also opens up the possibility for many things to go wrong, like missed connection flights or major delays. A direct flight might cost a bit extra, but overall, it will give you the best, streamlined flying experience.

White plane flyingJuan Hernández, Pexels

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A Mattress

Sleep is one of the most important aspects of life and has a direct influence on how good we feel, our health, and well-being. When you're well-rested, your brain will be better equipped to face the day and be far more productive. Investing in a mattress is an investment in yourself. Your mind and physical body will thank you.

Bedroom interior with new mattressMax Vakhtbovycn, Pexels

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Soft Sheets

Just as a mattress will help ensure a good night's sleep, so will the quality of your sheets. You might not think it makes a big difference, but your sheets have the power to make sleeping a luxurious experience. Once you've experienced sheets with a 300-500 thread count, you may never look back.

White soft sheets on the bedClaudia Schmalz, Pexels

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Luggage

Purchase luggage that's durable enough to see you through all of your traveling experiences. When transporting your possessions over long distances, you want them to be as protected as possible. Cheap luggage will wind up falling apart, and can be a major headache if its hardware breaks down while you're on vacation.

White suitcases in two sizesVlada Karpovich, Pexels

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Good Running Shoes

For those who have only bought cheap running shoes for their entire lives, purchasing a decent pair will be a revelation. Wearing good running shoes will feel like walking on a cloud and will likely last longer than inexpensive alternatives. As well, running with very old shoes can cause some serious problems like a runner's knee or shin splints.

If you're an avid runner though, there's a good chance that you'll have to replace your shoes multiple times a year.

Person's foot in running shoesJESHOOTS.com, Pexels

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High-Quality Furniture

When it comes to the furniture that you use every single day, it should be pieces that you love and pieces that should last. Though it's still possible to find amazing secondhand pieces, purchasing cheap furniture that only lasts a few years just isn't worth it. 

Two-seat orange leatherMartin Péchy, Pexels

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Invest In Your Hair

It might be easier to get your partner to cut your hair or help you dye it. But unless they're a professional, you're more than likely to have a disaster on your hands—one that might be even more expensive to fix than going to get it done by a professional in the first place. 

To play it safe, it's always best to invest in professional hair coloring or a professional haircut.

Woman with long hairElement5 Digital, Pexels

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A Durable Winter Coat

A good winter coat might cost hundreds of dollars, but the price tag is often indicative of its high-quality materials. Purchase a coat that will withstand many brutal winters—and it will be well worth it in the end. When you're toasty warm on a freezing day, you'll have no regrets about this particular purchase.

A woman in a beige coatMâide Arslan, Pexels

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Pet Insurance

When you first bring home a new pet, it might be hard to imagine it ever having a serious health problem. However, the earlier you get pet insurance, the better. In order for 80% of your vet bill to be covered, you will likely pay a rate of about $25 per month (of course, this varies depending on your plan).

Pet insurance will bring you peace of mind, so that any unforeseen medical emergency or surgery won't break the bank. For some people, this has saved them thousands of dollars.

A pomeranian getting a veterinarian check upTima Miroshnichenko, Pexels

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It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


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