Hands-on and practical journal to get rich - by spending prudently and earning additionally

You don’t always need the Best… Do you?

When we plan to spend money on something, there are always choices.  Usually these choices vary on two major factors – cost and quality.

I am sure that most of us need the best quality and end up making a choice with a higher cost.  Just think about it – Do you always need the best quality?  Can we trade-off on quality-for-cost?

This is a relative question.  For instance, you wouldn’t want to trade-off on quality for a food item or health care.  But there are instances where you can trade-off for quality – transportation, hotel rooms, things that you rarely use etc.

A typical example would be to choose public transportation, whose quality may be lesser than your car.  But this trade-off on quality-for-cost is something that you can manage!! 

Share your thoughts on instances where you “don’t need the best” and can afford to trade-off on quality-for-cost.

Photo Credit: espinr

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