There are some people that think that as long as they are buying cheap things then they will not be overspending and they will still be able to have the pleasure of having lots of items. However, there are advantages and disadvantages in doing this and it is worth thinking about them before you do this sort of thing.
Value for money
There is a phrase which says ‘buy cheap; but twice’ which says something about value for money. It implies that if you buy something cheap it will not last very long and therefore it will have to be replaced. This is not always the case, but it is worth making sure that you are getting value for money form the item that you are buying. It can also be the case that if you buy something for too much money you will also not get value for money as you may just be paying extra for the brand name, rather than the item actually being better. It is therefore about finding a balance and making sure that you do not buy something that is so cheap it is not worth the money that you are paying even though it is not much.
Get into a buying habit
If you buy lots of cheap things it can get you into the habit of always buying. It can mean that you will always go into a shop with the expectation that you will be buying things. This means that you could just end up spending money for the sake of it and not because you need to or even really want to. Some people find that they really start to like buying things and perhaps can justify it because it is not for themselves but gifts or things like this. It can get to be a problem especially if the person starts buying more things than they can afford.
Still spend too much
Just because things are cheap, it does not mean that you can afford them. You might think that by shopping in cheap shops or only buying cheap things that you will be able to afford them. However, unless you keep a close check on how much you are spending and how much you have available to spend, you could still find that you will not be able to afford what you are buying. It is really important to make sure that you have bought everything that you have to before you start buying luxury items, even if they are cheap. You do not to run out of money before you have addressed your basic needs.
Of course, buying cheaper things will mean that you are spending less money. If you have a very limited budget then you may have no choice but to do this.
It can be hard if you do not have a lot of money but like buying things. You may even have to buy cheap things because you just cannot afford more expensive ones. However, it is best to be really careful and try to get the best value for money from the items that you can. This might mean that you have to go without some items so that you can afford others or that you have to save up for a while before buying things. Try not to get into the habit of buying lots of things just because they are cheap, because you may find that the money will come in handy for other things. You may also find that you overspend even though you are buying cheaper items.