I have been living the frugal lifestyle, in some ways, my entire life. Only as of 2009 did I realize this was a lifestyle 😉
Recently, I have been thinking about value vs cost and in some areas of my life I have always taken the cheap road such as with clothing, some services I don’t value, etc.
I have a friend that has always paid the extra amount for the higher quality products. He intrigues me because he will pay $100 for a pair of sunglasses, or far more for high quality sporting equipment. At first I thought this was just him being pulled into the trap of the brand name game, or the Price Placebo but after talking with him a few times about these purchases, he explained why he pays the premium price for these things.
Firstly, he explained that he has purchased many different brands and types of the products he uses regularly. He found that in some cases the more expensive brands were of better quality though some cheaper brands were equally as good, so he chose some to pay premium for.
I agree with this philosophy, of testing all the options before deciding on one for the long haul, as long as the price for the premium isn’t outragous.
Then I learned the other reason he pays premium for some products. Not only do they last longer in general, but they come with a lifetime warranty that he has used many times.
I have never purchased anything that came with a lifetime warranty, on purpose that is. The products I have purchased that came with a lifetime warranty, I haven’t had long enough to actually cash in on the warranty, and I did’nt buy the product for the warranty.
My friend does. He will pay $100 for a pair of sunglasses because he knows how hard he is on his gear. If the glasses break, he calls the company and they send over a new pair of glasses, gratis. The same goes for his sporting equipment. He pays far more than I ever would for these things, but he knows how hard he is on them, and when they break he is covered by the warranty.
Thinking about how many pairs of sun glasses my wife has purchased that cost about $10 a pair. She is actually pretty good on her stuff and they last a few months, but eventually, they break. In the last two years, I can recall at least 5 pair of sunglasses that have broken on her. That’s $50 right there! If we had purchased sunglasses with a lifetime warranty, the high price would have been worth it and in another two years would pay for itself, if she continues to break them on schedule 😉
More pressing, I always buy really cheap shoes and wear them until they are practically only being held together by the laces. The pair I am wearing now is no exception, Walmart, $12 shoes. They are currently about two stitches away from exploding and winter is pressing in. Needless to say, I need to purchase a new pair. These lasted nearly six months. The pair before these were hideous Payless clearance shoes, cost me $3 for the pair and lasted about four months.
I hate shoe shopping. I can’t stress that enough. They all look crappy to me and I hate taking my shoes off in public. I am tired of buying a new pair of shoes every six months, even if they are that cheap.
What do I do?
Should I find a pair of shoes that has a lifetime warranty, or at least has some amount of quality that will last me a few years, but costs much more than my previous pairs or do I just suck it up, pick up another pair or two of the Walmart tennies and stop complaining?
If the more expensive route is what you would do, do you have any shoe recomendations?
I’m a simple guy and just want something to cover my feet and last forever, nothing fancy. br>
Tags: brand name, frugal lifestyle, high quality, intrigues, lifetime warranty, long haul, name game, new pair of glasses, philosophy, placebo, premium price, quality products, sporting equipment, sunglasses, warranty