Sharing Daily Discoveries About Personal Finance And Business Topics

Getting The Cheapest Replacement

financial literacy

So today the kettle had its last ride as it doesn’t seem to want to boil water anymore. So of course that means time to shop for a new one. One thing I was debating though when I go shopping tomorrow is should I simply buy the cheapest one I could find until something better comes along or should I simply use other means of boiling water and for the time being while doing extensive research to get the best replacement?

I am honestly leaning towards buying the cheapest item first and then buying a better one down the road once I see a better deal even though this may not be the most financially savvy option. My main reason for thinking that is the time convenience that I am saving as opposed to not having one at all. So in that case it’s the mentality of time is money as well. I wouldn’t do this if it was a larger purchase like if say the refrigerator broke down. For that I want to make sure what I am buying is the final purchase for a long time.

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