Wednesday, June 15, 2011

Smart buying

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I found this post over at The Simple Dollar. It's a list of recommendations comparing the value of different spending choices. I was intrigued. Most mirrored my own thinking. Some did not. See what you think. I've copied a few below. More here at the original post.

• Pay for reliability, not mileage. On a car, you’ll spend more on repairs and maintenance over its lifetime than you will on a difference in gas.

• Pay for location, not square footage. A home in a good location will always retain its value. On the other hand, lots of square footage mostly means room to store stuff you don’t really need, you often have to be far from your job in order to have a huge house, and there are tons of empty McMansions sitting in the suburbs that are unable to be resold due to the housing glut.

• Pay for reference, not entertainment. I only buy a book if I know I’m going to return to it again and again. For books that don’t fall into that category, I check them out at the library or swap them online.
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