Nischa Shah
Life is complicated… personal finance doesn't have to be. Ex-investment banker turned creator.
Browsing 9 posts
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Life is complicated… personal finance doesn't have to be. Ex-investment banker turned creator.
Browsing 9 posts
Showing 1–9 of 9
the cheap version of something you use every day might be costing you more than the expensive one...
Key Takeaways
One of the most common money mistakes I see is buying cheap versions of things that you use every day, replacing them constantly and never stopping to add up for what that actually costs over time. A cheap version of something you use regularly, a bag, a pair of shoes, a kitchen knife might seem like the sensible choice in the moment, but if you're replacing that thing three or four times in the time a better version would have lasted, you've probably spent more in total and generated more waste along the way. So for things that I use regularly, I try to buy the best version that I can reasonably afford and then use it for as long as possible. In the long run, the more cost effective habit is usually the one that actually seems more expensive initially.