While having a discussion with a friend today about some new smartphones that are coming out I was saying how I was planning to buy a phone that will cost about $500 outright which will be a lot cheaper if I was to sign up for a contract with various carriers. He was then expressing how I should get the upcoming iPhone 6s and that since I was going to spend $500 an extra $300 is very little difference to get what he felt was going to be a superior product.<\/p>\n
Now of course mathematically that makes no sense as an extra $300 is like 60% more money. By most people\u2019s standards that is spending a ton more money. However, I understood his mindset that many of us share where if we are spending so much on an item as is that you may as well go all out. Example, for a lot of people if they were going to spend $15,000 on a TV set then spending an extra $3000 to get the absolute superior hardware would seem to make a lot of sense. Of course that number varies depending on the product as you would more likely be sensitive with that figure for a car as an example.<\/p>\n
It\u2019s a dangerous factor financially in many ways if you constantly convince yourself that you may as well buy the best. For myself, what helps a lot is that my personal point of where I would throw frugality out the window is if I can see how spending a lot more will translate to better returns financially. Example, the speed of the product will be so good that I can do more work which brings in a lot more money. Many times items would fail this kind of test where it\u2019s more about the novelty of having an expensive item and so I don\u2019t succumb to the marketing hype.<\/p>\n","protected":false},"excerpt":{"rendered":"
While having a discussion with a friend today about some new smartphones that are coming out I was saying how I was planning to buy a phone that will cost about $500 outright which will be a lot cheaper if I was to sign up for a contract with various carriers. He was then expressing […]<\/p>\n","protected":false},"author":1,"featured_media":12143,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[5990,34,21,821],"class_list":["post-7400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-beyond-the-point-of-frugal","tag-expensive-items","tag-money","tag-value"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2015\/01\/IMG_0768-1300x866.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-1Vm","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=7400"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7400\/revisions"}],"predecessor-version":[{"id":7401,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7400\/revisions\/7401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/12143"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=7400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=7400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=7400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}