He was cutting the oats and wheat again with the old cradle. A harvester cost more money than he had, and he would not go in debt for one. “This giving a mortgage on everything he owns, to buy a two hundred dollar machine, and paying ten percent interest on the debt, will ruin a man,” he said. “Let these brash young fellows go in debt for machinery and break up their land. I’m going to let the grass keep on growing, and raise cattle.” These Happy Golden Years p. 197-198
I’m sure we’ve all had that moment…you get to the store to look for an item. When you spot the item you have 2 choices; a nicer, fancier, more-bells-and-whistles version or the still-going-to-work-but-not-as-spiffy version. Which one did you pick? I’m going to guess that there’s been many times when you just couldn’t pass up the fancier version, even though it was more expensive.
My husband never seems to be able to figure this one out. He thinks that we should always go with the more expensive version because it might be better and it might last longer. I go with the version that we can afford. The one I can pull out cash for instead of having to put on a credit or debit card. It may not last as long, but it’s what we can afford at the time and I know it will get us by just fine.
There are cases where I do believe that you should save up for the more expensive version. If the product is proven to be better and will last a significant amount of time longer….it might be worth it. BUT it’s still only if you have the money to pay for it!
What about you…do you always get the more expensive version, no matter what? Or do you only get what you have the cash for?
Make sure you check out the entire Living Like Little House series!