Imagine being able to purchase whatever your heart desires and giving no thought to how much an item costs.
For those of us who don’t live in this shopping fantasyland, we’re often in the middle of a different conundrum. We want a high-quality item that will last a long time, but we don’t have the funds to cover the additional expense.
Do we go ahead and splurge on the item? Or do we focus solely on budget and go for the most practical choice?
When budgets are involved, there are times you have to weigh investing over practicality. But knowing if an item is worth the additional investment can be challenging too. Researching the quality of an item, evaluating how much you’ll spend in the long-run, and finding a way to shop now and pay later can help determine when to invest.
Scenario #1 – When Quality Counts
The first point to consider is the quality of the item you are purchasing. If an item is more expensive, but it has a higher quality to it, then it deserves serious attention.
When it comes to quality, think in terms of years. Ask yourself if the item will still function years down the road. If the answer is yes, then it will provide a better value to you.
Also consider how often you will use an item. If it’s a purchase you will use on a weekly or daily basis, then you have to choose something which holds up to wear and tear.
You might wonder how to tell if an item will have the higher quality you need. First, look at the brand. Is it one which has been around for a while and known for holding its shape or value? Second, check out the reviews online. People aren’t afraid to tell you how they really feel about an item and how long it lasts. A little research can go a long way in understanding the quality.
When it comes to investing in an item, quality counts for the long-term.
Scenario #2 – When You Will Spend Less Over Time
Yes, you can focus on how much you are spending at this moment, but what about a few months down the road?
If you have to replace an item because it can’t stand up to your usage, then you will spend more money to replace it. If a high-quality item costs twice as much but lasts twice as long as the budget-friendly version, then you will spend less over time.
When you have to juggle your budget and money, it’s easy to fall into the trap of thinking for the short-term. It’s not easy trying to balance everything when it comes to purchases!
But investing in a piece for the long-term means you can’t focus on what you need right now. Instead, it means evaluating your replacement costs down the road.
Think about a purchase you’ve made in the past where you chose the lesser quality item. It had to be frustrating to spend time researching and choosing an item, only to have to start over when it no longer worked for you. If you don’t want a repeat of that situation, then a higher quality piece may be the answer.
Scenario #3 – When You Can Shop Now, Pay Later
Here’s the best news when it comes to investing in a high-quality piece – there are ways you can shop now and pay over time. It doesn’t mean you can buy whatever you want without paying attention to price, but it definitely provides a way for more manageable payments.
Using the www.splitit.com installment payment option can open up doors you thought would be closed. Having the ability to pay in monthly installments is a game-changer. The high-quality, long-lasting item which you thought was only a splurge, is now within reach.
Splitit works with your existing credit card, and there are no lengthy applications. This means you can enjoy 0% interest without an additional credit check and with payment flexibility. Having this option right at your fingertips means you no longer have to sacrifice long-term quality because of your short-term budget constraints.
Purchasing an item for the long-term doesn’t always mean it’s out of reach for your budget. There are times when it makes sense to spend more on a higher-quality piece. And when you have a service like Splitit, these smart investments are suddenly within your reach.