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Smart shoppers know that comparing prices to find the best deal can pay off. However, buying the cheapest option doesn’t always mean you’re actually getting the best deal. In fact, it can make financial sense to spend more on some products and services to save money over the years.
“Sometimes, we might think we’re saving money on cheaper items, when in reality, splurging a little on the more expensive competitor would have saved us more over the long run,” said Matt Dworetsky, president of Dworetsky Financial in Wall Township, New Jersey.
Keep reading to find out when splurging on the pricier option can help save you money over time.
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