Unsplash/Jason Briscoe

Quick notes:

  • Paying more for car parts, insurance, and more can actually be a huge help to your wallet.
  • Think about future savings down the road to help ease your mind when it comes to spending more now.
  • Investing in yourself is the most important thing of all.

Who doesn’t love saving a little moola whenever possible? It’s this desire to save on purchases that often leads us to pick the cheaper option when buying almost anything. Whether we like to admit it or not, price tends to have a big stake in our purchasing decisions.  

Unfortunately, cheaping out on certain things can end up costing you more money in the long run, which is obviously counterproductive to our money-saving mentality.

That said, if you’re looking to actually save money, then try dropping a little extra on the following items to make sure you’re not shelling out more than you need to down the line.

Car parts

This is easily one of the first areas we look to trim costs. After all, car parts are expensive … but there’s a good reason for that.

Cheap car parts tend to be made of cheaper materials. Since fixing your car can easily cost a couple grand, cheaping out on car parts may seem like a good idea at the moment, but will lead to the parts needing to be replaced again. Instead, spring for factory parts or do a little research to suss out the high-quality parts from the inferior ones. You may want to let out a major groan dropping ample dollars on good car parts, but it won’t be nearly as loud as the groan you’ll let out when you find out that you need to make the same costly repairs again down the road (pun intended.)

Any means of protective gear

Your body is your biggest asset, and you want to protect it as such. That’s why you definitely don’t want to cut corners when it comes to purchasing anything meant to protect it, such as helmets, safety boots, safety glasses, or any other protective gear that can help you avoid a crippling injury.

Why? Because health care and hospital visits are incredibly expensive. Spend a few extra dollars on steel-toe boots, sturdy helmets, adequate eyewear, and anything else you might need to protect your body. This will make it possible to save tens of thousands of dollars in medical bills that you would need to pay if an accident or injury happened while wearing subpar protective equipment.


Even just the word “taxes” puts most people on edge, especially if you’re a business owner or you work for yourself. It isn’t fair, but it’s the law. While we may have the urge to cut costs at tax time by avoiding tax prep or planning fees, experts say that’s the worst you could do. This is because you could be potentially missing out on saving yourself thousands of dollars.

Stephan Brewer, CPA and founder of Legacy Tax & Resolution Services, states that, “Tax planning has a high return on investment for most business owners and those with substantial returns.”

You wouldn’t believe how much he has been able to save business owners and entrepreneurs who opted to spend the extra money to thoroughly dive into their books.

“Cheapest is often the most expensive option,” says Brewer.

Home inspections

Buying a house is a wonderful, rewarding experience. But we’d be lying if we said it wasn’t stressful, time-consuming, and expensive.

This is precisely the reason why homebuyers tend to look for different ways to cut costs when buying their dream home. After wrapping your head around the numbers, it can be easy to try and cheap out on the home inspection process. Don’t.

Real estate experts warn that opting for a quick, cost-effective home inspection can hurt you financially in the long run. One small oversight by a quick-fix inspector could lead to tens of thousands of dollars in repairs in your happy home in years to come.

Avoid it altogether by investing in trustworthy, reputable home inspectors. Hop online and do a little research before committing. Your wallet will thank you.

A lawyer

Hiring a lawyer costs a lot of money, and hiring a good lawyer costs even more. However, this cost difference is often for very critical reasons.

A good lawyer can completely change the outcome of your legal case, which can have a huge effect on the future course of your life. Investing in a good lawyer means investing in your best-case scenario.

Cheaping out on your lawyer may mean losing your case, which can lead to having to pay a lot of money to the other party. Spend the money on a good lawyer, otherwise, you could pay much more than money in the immediate future.

Kitchen gadgets

This one is a bit more trivial, but if you find yourself at a superstore buying new kitchen gadgets, appliances, or utensils, the “cheaper” way to go is most likely buying the product that costs a few extra dollars.

We’re all guilty of having bought the dollar-store spatula or can opener only to have it break or melt within the first month of using it. While it can certainly be tempting to spend less cash on something so trivial, the truth is that it could cost you more to replace it once it’s kaput. Considering that the higher-quality options are usually just a few dollars more, just go for it.


Let’s preface this one by saying that yes, health care in the U.S. is cripplingly expensive because it’s exceptionally politically charged. It’s tough to know exactly how health care will change, as it is closely related to the political climate, but unfortunately, it’s a service we need. Other types of insurances include auto, dental, homeowners, etc.

Any of these insurance categories often benefit from springing for the few extra dollars each month. Typically, policies vary by 20, 50, or a hundred dollars, but that monthly expenditure could be the difference between being covered and having to fork out-of-pocket money for a new foundation, a critical surgery, or a total loss. If you really want to save money in the long run, invest in good insurance plans. Not cheap ones. 

If you’re really lucky, they’ll be both! This is where it’s important to do your research, read policyholder reviews, and get multiple quotes. While we might be reluctant to pick up the phone to talk to an insurance salesperson (seriously, that sounds like zero fun), they often can hook you up with deals and provide insightful answers to your questions.


Bet you didn’t see that one coming, did you? Easily the most important thing you don’t want to cheap out on is yourself. Whether it’s clothing, food, health and wellness products, medicine, or the like … if you really want to save yourself money (and even earn more of it!), spend a little extra on yourself.

“Everything about you, your mind, body, everything, is what allows you to complete critical tasks in your day-to-day,” says Mikaela Delia, entrepreneur, self-help blogger, and self-employed creative marketing manager.

“Cheaping out on yourself in the food you eat, the health and wellness products you use, the time you devote to self-care, etc. can be super costly later on. Be it sick days or medical bills due to poor health, hygiene products that are cheap but ineffective, and so on,” Delia says.

“The best thing I could’ve done to save money, and in fact, to make money, was to invest in myself first. Education, resources I need, healthy foods and effective products … all of these have an ROI … trust me!”

A deeper dive — Related reading on the 101:

Need to get some cash out to do all that extra spending? Learn more about the history of the ATM first.

Want more tips on saving money? Look no further!

You’re gonna want to save money, because the more you handle it, the more germs you come into contact with.