The truth about shopping you didn’t know: buying expensive stuff is saving money

The truth about shopping you didn’t know: buying expensive stuff is saving money

Many of my friends say that tracking income and expenses is to save money. Trying to save every penny to buy the cheapest things? Wrong, buying more expensive item not necessarily cost more, but maybe it will save more money!

Many people have this experience, go shopping in a big shopping mall, and have eyes set on a certain piece of clothing that may be too expensive.

So he returned home and began to browse shopping websites to see other styles of clothes at cheap prices. He didn't hesitate to place an order due to the difference in price this time.

If you want to buy a laptop, you may go to a physical apple store  but subsequently buy a cheaper version similar to macbook.

These items were purchased under the influence of the idea of ​​"compared to expensive things, they are so cheap." In order to save money, I always buy cheap things I don't like in the past. I buy something not because I like it, but because it is "cheap" and "affordable."

Thus I ended up with lots of clothes and cosmetics that I don’t really like and use. They will eventually expire or go outdated.

So, if you buy the most expensive things within your affordable financial range, you will eventually find that this is actually the most cost-effective. It seems to be contradictory, how to buy expensive stuff and yet  save money?

Let's look at a case study: A and B are two friends who went shopping together and they both set their eyes on a particular coat.

A didn't hesitate to buy it, but B hesitated for a long time, but it was too expensive and decided not to buy it. After returning home, B spent an afternoon on online shopping to find a cheaper piece with similar design. It did seem that B will save more money.

When the coat arrived, B tried it on, and found that he looked bloated. So the clothes were only worn once and placed in the cabinet. On the other hand, A was quite satisfied because of the fitting at that time, and a year later, he was still wearing it.

Therefore, there is only a small amount of clothes in A’s closet, but he lives exquisite, elegant, and high-quality. B’s closet is full of clothes. Every year, he keeps buying, but he always complains about the cheap prices. The quality of the goods is not good.

The difference in consumption concept leads to the difference in life. B looks as if he is very cost efficient, but actually spends more.

Sometimes, cheap goods are like a black hole, devouring your time endlessly.

For those who are pursuing things at low prices, what is the most lacking? Money!

But in fact, what is the most priceless? Time

 

For those who consume wisely, time is the most precious. Because money can be obtained in multiple ways, but time has passed, we can no longer turn back time even how rich you are.

Just like the above case, when B spent his energy to shop around, A can choose to write an article earned some income. Not only did A get extra income, but also because of the published articles, he gained more fans and increased his reputation. The things he got invisibly was much higher than the money saved by B.

Second, you get what you pay for

The reason why the item is more expensive, surely has a reason behind it.

Third, we will cherish expensive things and try to extend their usage

You spend a lot of money to buy a new iPhone product, you will buy a mobile phone case, a mobile phone film, and protect it. A small bump will make you feel distressed. And when you buy a cheap phone, the care  for it will inevitably lessen. This is true for mobile phones, clothes and shoes, etc.

Finally, expensive things give you different experiences and even change your attitude towards life

The good things can bring to you satisfaction far exceeding the money you paid. From the authentic bags, you can feel the softness and exquisiteness of the leather and the meticulous sewing. Wearing a mulberry silk dress, the drape fabric makes you feel comfortable.

Over time, Once you no longer used to setting cheapness as the criterion for considerations, you dare to set higher goals to make yourself live a different life. This can stimulate your fighting spirit even more.

So, starting from today, consider throwing away those cheap things, don't let them consume your energy & space which you wont be using it anyway. You deserve better.

So are there any money-saving techniques that can be used in life?

They are:

1. Only buy "you need, you fit, you like

2. Buy at the right time

3. Cheap is not necessarily saving money

4. Do you treat it as consumption or investment?

5. Work hard to make money!

Our goal is to save money, not to be poor; to have a quality life that is not wasted. Therefore, the support of high income is always the best and most basic.

Read Also:

Do you feel happy spending money?

Listen:

The Truth about Shopping

Money is not saved, but earned. How many people were deceived by this?

 "Money is not saved, but earned!"

I don’t know since when, more and more people began to spread this theory. At first, it seemed to make sense:

As long as you earn enough and spend not too much, you can always save money in the end.

Conversely, if you fail to save money, it must be because you haven't earned enough.

However, let's think about it carefully, who are the ones who usually say this?

 

01     Who are advocating that saving money is useless

1. Merchants desperately trying to empty your pockets

The logic is very simple. If everyone has to save money and stop spending, who can make business without people consuming?

Look at the pervasive consumerism now:

Watch a live broadcast, the internet celebrity will bring you the goods, "OMG! This lipstick is too good-looking, buy it!”

Take a look at your instagram feed, "Buy 3 and get free shipping!"

Not to mention the various holidays, no matter what kind of events, Valentine’s Day, Singles’ Day, Mid-Autumn Festival, Christmas and Chinese New Year, they are all becoming shopping carnivals

2. Rich people

The rich earns money even when they are sleeping. Basically, there is no need to save money. All they need to do is how to make more money from the existing money.

3. The people who lives on paychecks to paychecks and can't save money

This wave of "rich poor" is the most pitiful. It seems that the income is not low, but in fact, there is no family background. The scariest thing for them is to live less glamorous than others, so they try to cover it with high consumption-at least in terms of the quality of life. Seeking an equal footing with the middle and upper classes of society.

Many young people, under this kind of thinking, will consume more. When they see the new mobile phone, grab it! Internet celebrity restaurant, eat! Limited edition bags, buy!

At this time, consumption is no longer what you need, but what others "arrange" what you need and you feel what you need.

And it should be noted that the consumption here is more of enjoyment consumption rather than investment consumption. That is to say, nothing was left except those bright and beautiful photos in your instagram.

To make matters worse, this lifestyle will only drag more young people into the vicious circle: working 996 for the sake of money, consume desperately as soon as they get their paychecks, or even consume in advance, falling into an endless cycle of today and no tomorrow.

In this way of life, it seems that you are also working hard to get a promotion and salary increment, but in essence you have been rolling on the line of absolute poverty, and you are getting farther and farther away from financial freedom.

02     Saving the first pot of gold

In the past, our friends have shared their asset allocation plans many times, and each time there will be the same type of comment:

"The passive income is so high, it's not because the principal is high enough"

"If I had so much principal, my financial income would definitely not be less than theirs"

But have you ever wondered, where does this principal come from?

Except for the talented people who make money, such as the richest man or something, he can earn one hundred million but most people are actually ordinary people. Ordinary people mean that the income will not be too high, and the ways to make money are limited.

Once the consumption is excessive, it is possible that the income will not cover the expenditure. If you don't save money, where does the first pot of gold come from?

Another part is more pessimistic. If you are poor and has no savings. It is better to use this money to invest in yourself and increase your income.

However, first, if you don’t accumulate little by little, you can’t reach far. It looks like a small amount of money, but it can always turn into a huge amount of money. We must believe in the power of time and compound interest; second, if we can use investment consumption to replace enjoyment consumption and improve ourselves , It does sound excellent, but how many people can do it?

If you don’t save money, you will never experience the happiness of wealth growth, and you will never know the importance of using money to make money. The consequence of this is a contradictory vicious circle: telling others that money is yours only when you spend it. , But at the same time keep complaining that I don’t have enough money every month.

And only when you save the first pot of gold, you can make your wealth snowball bigger and bigger through financial management; if you earn more, you can fundamentally improve your quality of life.

03     What is the best way to save money?

Many people equate saving money with stinginess, especially the younger generation .They often think that saving money is a very uncool thing.

On the one hand, this is brainwashed by consumerism; on the other hand, it is also a misunderstanding of saving money.

Saving money is by no means being stingy, but choosing the most reasonable way of consumption after a reasonable assessment and planning of one's own consumption capacity.

For example, if you have a monthly income of 3,000, don’t covet 30,000 packages in a short time. It’s not too late to buy when your income increases.

Evaluation and planning must be based on the understanding of one's own consumption ability and consumption level, so this is why we say that tracking expenses is the first step in financial management.

Only by tracking expenses and clearly knowing your own income and expenditure situation, can it be possible to formulate reasonable budgets and goals, and achieve scientific savings and savings.

In summary, saving money does not mean stingy, but a rational way of life. Only when you withdraw from the consumption spree, you will see what you really want in your heart.

Compared with people living on paychecks to paychecks who eat, drink and play every day, we admire those ordinary, self-reliant young people who save themselves a new world.

 

I wish everyone can live a upgrading life of wealth with a downgrading consumption mentality!

Listen: Podcast