One of the most popular financial tips that people routinely dispense to others is, “You get what you pay for.” Perhaps that’s why many folks erroneously believe they can’t go wrong by paying more for something — whether it’s a fancy meal, designer jeans, bottled water, or a host of other products and services. But that’s not always true; sometimes you don’t get what you pay for. There are plenty of examples — education and gasoline are two of the biggest — where you can often spend less and still get your money’s worth.
The bottom line: Expensive doesn’t always equate with better — despite the marketers’ ubiquitous claims to the contrary.
Photo Credit: Jason Meredith