20 Items You Should Never Save Money On!

Attention, All Shoppers!

Putting a few bucks aside while shopping is, no doubt, every buyer’s dream. But is it always ok to go for the cheapest price? The experience of many of those who are trying to save some money by buying cheap items shows that lowest prices are not always a good deal.

Sometimes low-priced items come in hand in hand with low quality, bad taste, bad packaging, or simply zero buyer satisfaction. We all agree that for a certain category of products quality is, indeed, something you should pay attention to.  Here’s why we have prepared you an extensive list of items for which you should think twice before going for the lowest price, if you want your money’s worth!

20 Items You Should Never Save Money On

Haircuts

Don’t be stingy with your haircut, unless you want to spend your mornings avoiding the mirrors and your days lacking self-confidence because you don’t feel comfortable with your look. Same advice applies to other beauty or cosmetic treatments. We’re not saying to go for the most expensive offers, but it’s safest to make sure you get them done right. It’s your body, after all.

Powdered Food

Just like instant soup, something just doesn’t feel right about powdered milk or eggs.  Everybody knows that nothing inside those powdered food packages is natural. 

Agreed, they might win you over very cheap prices, but the health damage you do to yourself while ingesting synthetic flavored, low on nutrients so called “foods” will make you spend more eventually on health care and pills. So what’s the point? You’re not really saving a dime; on the contrary, you waste your money on self-harm.

Your Retirement Fund

Seizing the day may sound like a lot of fun, but don’t forget to pay yourself first, by putting money aside for a savings cushion that will benefit your greatly later on.  Failing to do so will only decrease your financial independence in a time you will no longer be able to provide for yourself, thus increasing your dependency upon friends, family, or government. You certainly deserve more than that!

Also, get guarantees that the risk of your retirement fund does not rest entirely on your shoulders.  Discuss the issue with your employer and make sure that your partner is saving, too.

Education

In a more and more specialized labor market, the need for higher education is also on the rise. Lifelong learning is no longer a luxury, but almost a necessity if you want to keep the pace with technological changes and with other ever changing variables in the society. This is why cutting expenses on education for you or your kids is not really an option if you’re after trying to save some money.

Either we speak about college education, a PhD in engineering or simply language classes or training in manicure techniques, education is vital for your future development and will have a great impact on your career prospects. Choose the best offers, but do not neglect it – it will definitely pay off someday!

Health Care

Even if it’s not a material asset, your health is one of the most valuable goods and you should treasure it as such. Make sure you don’t neglect routine check-ups and prescribed medication for financial reasons, because otherwise you will risk that your condition (if you have one, of course) gets worse, which implies far more costly investments. Don’t put a price on your health for the sake of a few extra bucks – it’s simply not worth it!

Insurance Policies

Well, this one is tricky, because you have to make a careful evaluation of your risks prior to purchasing insurance. If you have a car, think of policies that will refund your loss in case of accident; if your house is located in an area endangered by natural hazards; keep that in mind when signing a contract. Sometimes anti-theft and fire insurance aren’t enough.

Last but not least, don’t forget about travel and health insurances for you and your loved ones. Everybody wishes not to used them, but it feels safer to have your back covered. They could really make a difference during critical situations, so… you should have it. Just in case.  As my mother always says, better safe than sorry!

Holidays to less familiar destinations

An African safari or a trip to Peru sound like great holiday plans, but if you’ve never been to your destination before and if you’re not really sure they speak your language(s) over there, it is better to have everything very carefully arranged, in order not to encounter unexpected surprises. And more often than not, this comes with a price.  Work with a trustworthy travel agency and ask for professional counseling – sometimes there’s no other solution than paying what it takes if you don’t want to have your long-expected holiday ruined by unpredictable things.

Laundry

Happy shopper, happy life!

Ok, this one barely needs any further explanation. There are people, though, who still think they are saving money if they are doing their laundry less often than regular. I’m not sure you want to be part of that category, do you?

Safety – for you and those around you

Not much lecturing on this one, either, since it is normal to take care of your safety – or of your close ones’. If you feel there is a burglary risk in your area, invest your money in some efficient door locks or alarm systems. Don’t go stingy either when it comes to the fire insulation of your house or, if you have children, when buying kids-friendly pieces of furniture that will prevent dangerous accidents. Your life is really the last thing you should save money on!

Leisure activities

Most of the advice teaching you how to save money agrees upon one point: money spent on fun are a waste. Well, we’d say you have to think twice before taking drastic measures. Psychologists insist not to radically cut costs there – well, at least not at first. Instead, you should first consider those things in your life you don’t care so much about.

The explanation is simple: suddenly abandoning the things you enjoy doing will make you unhappy. See if you can replace them with cheaper alternatives (for example, jogging or swimming are a good substitute for expensive fitness sessions).

What you really care about

If you really care about something, don’t give it up for the sake of saving money. This will lead to a sense of personal dissatisfaction and can get really frustrating. Consequently, if you’re cutting down expenses, keep in mind to always start with the less important things and work from there, in order to make saving money as painless as it can be.

Personal Care and Hygiene Products

There’s not much to argue, except for very basic common sense arguments, against neglecting your personal care. Hygiene products are definitely not a thing to save money on.  Make sure you only buy medically certified items and pay attention to the content of toxic or allergenic ingredients, especially if you are sensitive from this point of view.

Cleaning Items

If you have taken a look at the Health and Hygiene Products categories above, you are aware of the importance of not getting stingy on cleaning items. Of course, you don’t need fifty different products in order to keep your household clean, but if you choose to purchase only the basic cleaning solutions, make sure they are efficient enough.

Comfy Clothes and Shoes

You don’t want to walk around in uncomfortable clothes or shoes, even if you thought they were a real bargain when you bought them. If they don’t make you feel good, the few bucks you spent on them are already a waste, not an economy. In some cases, they may even cause allergic reactions (think of synthetic underwear, for example) or other health problems.

Gadgets

We know that smart phone are must-haves these days, but buying a $20 one is very likely to disappoint you on so many levels. When it comes to gadgets, don’t go for the most expensive in their class, but also try to avoid no-name cheap substitutes. It is safer.

Holiday treats

Shopping cart!

Hey, Christmas is here only once a year. It’s fine not to waste money, but you should give yourself a treat and enjoy the holiday spirit with your loved ones!

Gifts for Important People in Your Life

Saving money on gifts may seem like a good idea, but it really depends on how much you care for the success of your present. Of course, affection is not measurable in dollars or euros, but don’t get too cheap either if you don’t want to make a bad impression.

Wine

Some people do think that it’s better to go without wine than trying a cheap one. And for some reason we tend to agree.

Furniture Items

Furniture is one of the big investments in your household and you don’t want to get it wrong. Low prices often come with more or less visible inconveniences that you will have to live with for the years to come. You want your furniture not only to look good, but also to feel comfortable with, so make sure decent quality standards come first!

Chocolate

…There really is some bad chocolate out there! Beware, if you don’t want to be left with a bad taste.

Oana Schneider :Oana Schneider is a published author located in Chicago, Illinois, who currently works for DontPayFull.com as a communication specialist and blog editor. She writes about lifestyle, family budget, has a degree in Communications and advocates for women’s rights. Her future plans include getting a Labrador and losing a few pounds.