Comments on: It's Okay to Pay for Value

By: Wojciech Kulicki

Wojciech Kulicki — Thu, 01 Apr 2010 17:44:17 +0000

Very cool perspective, I wish more people would realize this.

By: Victorino

Victorino — Thu, 01 Apr 2010 13:29:51 +0000

For me frugality is not only saving money, it is also saving your life. We become frugal to get rid of waste, but not to let go of value. Therefore, it’s okay to pay for value.
Victorino´s last post: How to reduce income tax payable and expense

By: Patrenia

Patrenia — Tue, 23 Mar 2010 01:36:02 +0000

Hey Wojo,

I just ran across this post today. Most times I do prefer quality over price especially when the “value” is considered. I just try to find the cheapest price for that quality item. You didn’t state in the post where you were considering purchasing the tires, but I found a great online resource to purchase tires cheaper than anywhere in my local area (discounttires.com). I had the tires delivered to my home and mounted by my dealership with no problems. You may be able to save a few more dollars. Good Luck!

By: Wojciech Kulicki

Wojciech Kulicki — Mon, 15 Mar 2010 20:07:55 +0000

True, though I’ve had people who run regularly tell me that the experience of running in $100 shoes is like heaven on earth compared to the $15 pair. Personally, I still run in my beat-ups, but I wonder…

By: haverwench

haverwench — Mon, 15 Mar 2010 19:49:05 +0000

There are also (sadly) some cases in which quality really does not pay off. For instance, suppose you could buy a superbly engineered $100 pair of running shoes or a cheapo $15 pair that will fall apart after one year of use. The $100 pair is only a better deal if it will last at least 6.7 years, because otherwise, you will pay less buying a new pair of cheap shoes each year. (This is assuming that the cheap shoes are still a reasonably good fit and will not actually hurt your feet.) But experts say that regular runners should replace their shoes every 6 months anyway. So there is no way you will ever get your money’s worth out of those $100 shoes. The same probably holds true for any product that needs to be replaced on a regular basis.
haverwench´s last post: Partying like it’s 1899

By: Wojciech Kulicki

Wojciech Kulicki — Sun, 14 Mar 2010 18:30:01 +0000

Well summarized.

By: 2 Cents @ Balance Junkie

2 Cents @ Balance Junkie — Sun, 14 Mar 2010 16:01:49 +0000

Great discussion here. I can see all sides. Sometimes it’s really worth it to pay a little more for value; sometimes you truly can’t afford to pay for better value; and sometimes you don’t know whether you’re really getting better value or not.

All we can do is know our own financial situation, do some good research like Wojo, and make the best choice we can at the time. You win some and you lose some!
2 Cents @ Balance Junkie´s last post: Financial Literacy Update #1

By: Black Coffee: My Favorite Blogs, Money News & Opinions #37

Black Coffee: My Favorite Blogs, Money News & Opinions #37 — Sat, 13 Mar 2010 19:34:32 +0000

[...] Fiscal Fizzle – While I’m on the topic of blog headers, where oh where did Fiscal Fizzle’s pepper go? Did you eat it, Wojo? Why did you get rid of that cute little thing anyway? I haven’t been this devastated since the Tampa Bay Buccaneers decided to ditch their creamsicle jerseys. Oh well, as George Harrison said, all things must pass. While I’m mourning the missing habanero – or was it a serrano? – check out this article from Wojo on why it’s okay to pay for value. [...]

By: Wojciech Kulicki

Wojciech Kulicki — Sat, 13 Mar 2010 19:06:55 +0000

No doubt about that! Cars are definitely a great example (and not to mention that more expensive cars are also more expensive to maintain).

I’m starting to think that people misunderstood my post. I am 100% for VALUE, not necessarily quality or price. (I look for the best deal that balances price with quality). I hope that came through in the post!

By: Len Penzo

Len Penzo — Sat, 13 Mar 2010 18:28:17 +0000

The trick for me, Wojo, is trying to figure out the times when higher cost does not legitimately constitute quality.

For example, there are some high-priced cars out there that are notorious for bad quality – Jaguar’s XF immediately comes to mind as a current example.

There are similar cars out there that are much cheaper and more reliable.

There are similar examples of much-lower cost items, but I am drawing a blank this morning.

Bottom line: We must be careful not to always directly correlate cost with quality.

Best,

Len
Len Penzo dot Com
Len Penzo´s last post: Your Money Horoscope #2