Expensive purchases that are worth it — Choose quality over quantity for these 10 products. Sometimes it’s worth it to spend more money. This article contains affiliate links.
For some things, such as brand name clothing, it doesn’t make sense to spend a lot of money.
For example, buying a Gucci belt over a $40 leather belt is simply not worth the added cost. I mean, it’s ten times the cost. It just doesn’t add enough value. If you buy a Gucci belt over a more affordable belt, you are basically telling everyone that you are stupid enough to pay an obscene price for a brand name. Furthermore, you desperately want everyone to think you are rich, which is exactly the kind of attitude that will keep you poor.
In the words of Morgan Housel, wealth is what you don’t see.
“When you meet someone who owns a $100,000 car, you only know one thing about their wealth: That they have $100,000 less in the bank, or $100,000 more in debt, than they did before they bought the car. That’s the only information you have.” — Morgan Housel
However, it’s important to note that some expensive purchases are worth the extra cost because they add value to the buyer’s life.
In these cases, choosing quality over quantity is actually the smarter financial decision, because expensive purchases will save you money since they last longer.
In this article, I will look at 10 expensive purchases that are worth it.
Let’s dive in.
Expensive Purchases That Are Worth It — How To Know Which Expensive Items Are Worth It
Before we look at the 10 expensive purchases that are worth it, I will look at how to determine which items are worth spending more money on.
Simply put, it’s worth spending more money on something if it adds value to your life.
But how do you determine if something adds value to your life?
Well, you can start by asking yourself this question before you buy something: how much will this purchase change day-to-day life?
After you make your expensive purchase, will your day-to-day life be much different? Will you use the item daily, or will it sit in a drawer? Those are great questions to start with.
Next, consider if buying the more expensive version of a product is worth paying more for.
In general, a product is worth paying more for if:
- Lasts longer than the cheaper version
- Has a higher resale value
- Significantly changes your day-to-day life
- It’s clear that it is higher quality
- Is beneficial to your health
- The product or service offers a better experience
- It saves time
Choose Quality Over Quantity
Now that you know how to determine if it’s worth it to spend more on a product or service, I want to reiterate the importance of choosing quality over quantity.
To put it bluntly, you get what you pay for.
Buying the cheapest version of something is a rarely a good idea. Only a short-term thinker would do such a thing.
First of all, cheaper products generally do not last as long. In turn, you end up spending more money because you have to buy the same product every few years.
Second, buying the cheapest version of something is a dumb idea because it fails to factor in wasted time. It takes time to continually replace garbage products.
In short, it’s best to choose quality over quantity.
10 Expensive Purchases That Are Worth It
It’s finally time to disclose the 10 expensive purchases that are worth it.
Here they are:
1. Apple Macbook
The new Apple MacBook Pros were announced today.
Admittedly, I am likely going to buy a new space grey MacBook Pro. I know it doesn’t sound like the most financially savvy thing to do. But I actually think it’s a great value for someone like myself, because my laptop makes me money.
I stand to make a small four-digit sum from blogging in 2021, and I also manage my investment portfolio with my laptop, which has earned me thousands of dollars this year.
So, spending money on a MacBook Pro adds value to my life.
Aside from my personal reasons, a MacBook is an expensive purchase that makes sense because it will last longer than a garbage PC.
Based on my own experience as well as others I know, Apple computers last many years longer than computers that run Windows.
For example, the MacBook Air I bought in 2014 is still running well for a piece of equipment that is nearly eight years old. I’ve had zero problems with it.
On the other hand, all the PCs I’ve owned lasted a maximum of two years. And they’re weren’t that much cheaper.
Although the initial cost of a MacBook is more, it is actually cheaper over the long term.
I spent around $1,800 on my first two PC laptops and got four years out of them. I spent $1,000 on my MacBook Air and got eight years out of it. If I wasn’t a blogger, I could easily get ten.
If you look at the cost of a $2,500 MacBook over ten years, it only costs $250 per year or $20 per month.
A MacBook is definitely one of those expensive purchases that are worth it.
2. Comfortable Mattress
According to Dreams, people spend on average 26 years of their lifetime sleeping. Sleep is very important.
Considering that you will spend so much of your time in bed sleeping, a comfortable mattress is absolutely worth spending money on.
A high quality mattress can help you sleep better at night and feel better during the day. It could also prevent back pain.
3. Quality Home Office Chair
The transition to working from home changed work forever.
Nowadays, people need space for home offices and ergonomic equipment to properly work from home.
Even if your employer is not willing to cover the cost, you should still spend a good chunk of money on a quality office chair. It’s totally worth it.
It will prevent back, shoulder, and arm pain, and it will help with your posture. Furthermore, it will help you put forth your best effort at work.
Personally, I spent $500 on a Lazy boy office chair when I began working from home. I also use it for blogging, so I am definitely getting my money’s worth.
In my opinion, it’s completely worth it to spend at least $500 to $1,000 on a high quality office chair.
A few things to consider when shopping for a good chair are adjustable armrests, back support, and make sure to look for a chair that is a good fit for your size and weight.
4. High Quality Food
A lot of people choose convenience over health in our fast-paced world.
Admittedly, I am not the healthiest person in the world either.
But one thing I recently started doing was buying higher quality food.
For instance, I only buy organic, grass-fed meat now. At first it seems outrageously expensive. But once you try it, it’s hard to go back. Not only does it have less sodium, it also tastes much better.
Furthermore, it’s hard not to argue that what we put in out bodies is the most important thing we spend money on. It could literally allow you to live longer.
So, don’t hesitate to buy healthier, better quality food. You will feel better and maybe even be able to live and work longer.
5. Comfortable Footwear
Spending a little extra on a comfortable pair of shoes is not a bad idea at all.
You only get one body in your lifetime.
Our feet, legs, and joints experience enough wear and tear as it is.
So, instead of buying a cheap pair of Sketchers, spend more on a quality pair of shoes.
For the record, I’m also not suggesting that you start collecting Jordans or that you start a luxury footwear collection. That’s a waste of money.
I am saying that it makes sense to spend more on one to two pairs of footwear to be prepared for all seasons.
6. Sunglasses
A good pair of sunglasses is a worthwhile expensive purchase because it protects your eyes.
Without eyes, I couldn’t blog, take photos, travel, work, or do many of the day-to-day things I do now.
As such, it’s absolutely a good idea to spend on quality eyewear that shields your eyes from the sun.
Rather than buying that garbage $5 pair at the dollar store, spend a few hundred dollars on a pair that will last you a long time.
7. A Good Pillow
As I alluded to earlier, humans spend an average of 26 years of their lifetime sleeping.
Consequently, you should buy a good quality pillow.
You might think you are saving money through buying a $5 pillow from Walmart. However, you may be limiting your amount of sleep and setting yourself up for a lifetime of back and neck pain.
Also, a lack of sleep could affect your ability to earn income.
Since a pillow is something that can greatly affect how you feel day-to-day, it’s worth it to spend $100 on a good pillow.
8. Quality Vacuum
A good clean house is something to be proud of. There’s a sense of pride in not being a scum with a messy home.
It leads to better air quality, because there is less dust, and it lowers the chances of infestation of insects and/or rodents.
If you want to avoid those kinds of problems, and if you want to maintain a sense of pride about your home, it’s worth it to spend money on a quality vacuum.
Instead of buying a $50 vacuum from Walmart like a college student, get a Dyson or central vac and make your household cleaner than ever.
9. Vitamins
When I was in college and in early adulthood, I was too cheap to buy vitamins.
I couldn’t see the value in spending $20 on multi-vitamins every few months.
But now that I am older and I have more disposable income, I see vitamins as an affordable necessity.
Of course, the best option is to eat healthy enough to not need supplements.
But since I don’t always have the time, taste, or appetite to eat all the recommend food groups each day, vitamins are a low-cost way to ensure my body is getting what it needs.
10. Apple Watch
You might not think an Apple Watch is an expensive purchase that is worth it.
But at least admit that an Apple Watch makes more sense than a more traditional expensive watch, such as a Rolex.
In comparison to a traditional watch, an Apple Watch offers style and functionality. It actually provides value besides telling the time or showing status.
For example, an Apple Watch can monitor your heart rate, track your steps, or even alert people if you were to fall down. In addition to telling the time, an Apple Watch is a personal health tool. It’s great for seniors.
Hence why I believe it’s one of those expensive purchases that are worth it. Frankly, they aren’t even that expensive compared to traditional watches.
Expensive Purchases That Are Worth It – Final Thoughts
In summary, buying the cheapest product doesn’t always mean you are saving money.
Sometimes, you save money over the long term by choosing quality over quantity.
Moreover, anything that could significantly affect your health or quality of life is worth spending money on.
If you are looking for areas to cut back on, it’s best to be cheap with things that are a waste of money.
Now I’d like to hear from you.
What products or services are you willing to spend more money on? Anything you would add or subtract from the list?
I’d love to hear your thoughts in the comments below.
Related Personal Finance Articles
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