Frugality is an admirable trait, but not if you’re so thrifty that you neglect to pay for essentials. Individuals trying to save money through “cutting corners” may find that they have to pay more down the road when costly repairs have to be made. In order to avoid spending unnecessary money on home maintenance and in other areas, utilize the practice of “spending money to save money.” This practice requires you to take preventive measures in fixing appliances and household items, as well as investing in higher-quality items, but saves you money in the long run. Here are a few things worth investing in to save money down the road:
1 Join Clubs
Get a membership to Sam’s Club or Costco so that you can save money on groceries and household items. Having a membership to these places allows you to buy items such as flour, sugar, and chicken in bulk, which costs much less than buying groceries in smaller amounts. The same goes for gym memberships. If you buy a pass to a YMCA or similar establishment, you can get reduced rates on fitness classes.
2 Subscribe to Amazon Prime
If you order lots of books, music, or movies online, it’s worth it to invest in an Amazon Prime membership in order to avoid paying shipping fees.
3 Purchase an Espresso Machine
If you’re a coffee fanatic, buy a nice espresso maker so that you don’t have to make expensive Starbucks runs each day. This can save several hundred dollars throughout the course of a year.
4 Save on Fruits and Veggies
Instead of buying prepackaged salads, buy a salad spinner so that you can make your own salads. Instead of buying pre-cut fruit, buy whole fruits and cut them into more manageable pieces. It’s generally cheaper to buy whole fruits and vegetables than pre-cut, pre-packaged ones. Plus, they’re fresher and healthier. It’s a win-win situation!
5 Air Filters
Replace your heating and cooling system air filters every 90 days in order to reduce the amount of dust and allergens in your home. This will help prevent potential health problems.
6 Buy Extended Warranties
It’s worth it to invest in extended warranties for electronics such as laptops and TVs. If they get stolen or need to be fixed, you’ll be able to replace or repair them without breaking the bank.
7 Buy Good Insurance For Your Home/Vehicles
Make sure you have enough insurance on your vehicles so that you can replace them if they get damaged or totaled. The same goes for flood and fire insurance. If you rent, it’s wise to invest in renter’s insurance so that you don’t have to cover expenses out-of-pocket if something gets stolen.
8 Invest in Quality Items
Whether you’re buying clothes, electronics, makeup, a car, or anything else, it’s always better to dole out extra cash upfront for a high-end product that will last longer. Although you may be hesitant to buy an expensive pair of leather shoes, they’ll last longer than several pairs of cheaper shoes. So make wise purchases in order to avoid needing to buy the same things over and over.
Andrea Smith is a 30-something mother of three. She’s become an expert in frugality throughout the last few years, and enjoys passing along what she’s learned.