Saving Money on New Kitchen Appliances

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When it comes to shopping for new kitchen appliances, most of us look for a low price, but quality shouldn't be overlooked, either. If you think about it, the quality of a kitchen appliance can have a lot to do with the actual price of it.

For example, let's say you buy a mini fridge for your den. You have a choice between a mini refrigerator that costs $100 and one that costs $200. The one that costs $200 is a quality brand that is known for its quality refrigerators. On top of that, they specialize in mini refrigerators.

The $100 one a brand you've never heard of, but it looks nice and looks like it could stand the test of time. You decide to buy the $100 one because you want to save money. You are shopping along with your friend for the same item, and they decide to buy the $200 fridge. After about 5 years, your fridge dies and no longer cools right. You need to go back and buy a new one.

The new fridges of the same brand are now $115 and $220 due to inflation. You decide to save money and buy the $115 one again. In another 5 years, you need to buy a new fridge again and the cheaper one now costs $125. By now, 10 years later, you have spent a total of $340 and based on your past experiences, the new fridge should last another 5 years at least.

During this, your friend who spent an extra $200 has a fridge that is still working great and could easily last another 5 to 10 years. At this point, they have spent $140 less than you.

This is a rough example, but you get the idea. Whether you are buying an all clad

slow cooker, a mini refrigerator, or a set of wooden spoons, don't always just by the immediate price. Over time, you could spend more money by forgoing on quality.