Recession Mama Michele Ashamalla: During a discussion about a recent software purchase for my kids' school, one of my friends said what we've all heard a million times: "You get what you pay for." At the time, I said that I didn't believe that was true, but I realize now that I need to qualify that.
Generally, what I am looking for is the exact same product at a lower price. If I really need to buy that name-brand garment, you can bet that I'll check online, look for sales and see if I can find a store coupon to go with it, or buy a discount gift card to make the purchase.
We all evaluate similar products and try to determine whether or not we will need brand recognition or a longer warranty -- and then figure out how much we are willing to pay for those extras. I recently read an article that talked about how money can best make you happy. It stated something I believe in deeply: Money spent on items didn't bring as much happiness as money spent on experiences (such as travel).
That just confirmed it for me. I plan to continue to compare and contrast my purchases so I can save what I can, wherever I can, and spend some savings to go somewhere fabulous!