Should You Go for Price or Quality?
I wanted to write this short post as a reaction to a phenomenon I saw yesterday at a discount store: hundreds of people were running around in a discount store, which sold many items at extremely low prices. People were virtually falling over each other, just in order to get the cheapest item available. I got curious, and went in.
As soon as I saw the type of products being sold, I was seriously wondering: what is the benefit of buying a low-priced product, if you can throw it away after a month or two? I know, personal finance encourages to cut down expenses where possible, but does it make sense to buy 12 low-qulity items for 7 USD durig year, or only one high-quality item for 25 USD, which will probably hold for more than a year.
Up to which extent does the low price of an item compensate for its quality? Think about it next time when you go shopping.
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