Yep, you read that right! Did you know you could actually save more money if you spend more but smartly? Well, read on and find out.
Gone are the days when saving and spending were absolute polar opposites. In today’s world, customer reigns supreme and hence is pampered with a lot of return gifts whenever he or she shops. Here are some neat ways you can save money by actually spending more money!
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By Choosing Quality Over Price
Let’s say you want to buy a pair of jeans. Now, you’re mostly looking for something durable, and the most durable ones are from renowned brands. These brands may charge more than their local counterparts for a pair of jeans, but that doesn’t mean you choose the latter and call it ‘saving’. The reason why the former is more expensive is that it usually comes with the promise of quality and durability.
So when you’re buying something that you intend to use for a long time, be it clothes or a laptop or a TV set, choose quality over price and guess what, you’ll actually save more in the long run. How? Well, consider this – a cheap product is typically not as durable as a branded one, and hence will either invite expenses in the form of repairs or replacement in the near future. Why deal with all of this when you can invest in a good product that will last you a long time?
Additional Reading: Money Management Tips For A Night Out On The Town
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By Choosing The Right Credit Card
What do you usually spend money on? Identify this, because once you do, you can actually get a Credit Card that gives you some amazing discounts on stuff you’re likely to spend money on. For instance, if you’re a frequent flyer, you can get discounts on flights and hotels via a travel Credit Card because each time you use your card to make a booking, you’ll earn rewards such as Air Miles that can get you sweet discounts on future flight bookings. Also, many travel cards let you access international airport lounges for FREE!
Likewise, if your expenses are more towards shopping on a monthly basis, you can pick a Credit Card that gives you exciting cashback offers that will make sure you save a little with every swipe. Wait, there’s more! If you’re a rider who can’t stay calm without a long drive along the countryside every now and then, why fill your petrol tank via cash when you can get a fuel Credit Card and enjoy a fuel surcharge waiver… you see, it’s all about spending smartly!
Additional Reading: Where Did the Money Go? 10 Ways to Save More of Your Paycheck
Another advantage of getting a Credit Card is that it’ll help you streamline money into your savings kitty by taking care of all your expenses, so you can rest assured your hard-earned savings are untouched. Of course, make sure you settle your Credit Card dues on time!
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By Choosing Superior Workmanship Over Affordable Workmanship
Need repairs done to your car or home? It’s so easy to save a few quick bucks by calling a small-time service provider this one time, but will you get lasting results? Just like how we discussed not compromising when it comes to product quality, service quality is another worthwhile investment. The equation is simple – need lasting results? Spend more NOW so can save more LATER – that’s the mantra.
Additional Reading: Money Management Tips For Millennials
Ready to put these tips into action? Start by exploring Credit Cards right away – some amazing lifetime-free offers are available via a 100% contactless process!