The 1-2-3 Money Plan: The Three Most Important Steps to Saving and Spending Smart by Gregory Karp

Author:Gregory Karp [Karp, Gregory]
Language: eng
Format: epub, mobi, pdf
Tags: General, Economics, Business & Economics, Investments & Securities, Finance, Personal Finance, Home Economics, Personal, Home Economics - Accounting, Consumer Education, Budgets, Accounting
ISBN: 9780137141739
Publisher: FT Press
Published: 2009-05-14T00:00:00+00:00

3. Keep It Simple

Some items are not functionally different whether new or used, assuming they are undamaged. These include movie DVDs, music CDs, video games, and, yes, even books like this one. A simple garden shovel or hammer is preferable to buy used, rather than a rototiller or circular saw. The simpler, the better—fewer things to go wrong.

Other examples of great used purchases include kids clothing, toys, and musical instruments—considering they might be used for a short time. Consider simple sports equipment, such as golf clubs, assuming you’re not worried about custom fitting.

Of course, automobiles don’t exactly fit into the category of a “simple” machine. But cars are so reliable nowadays. Many go 150,000 miles with only routine maintenance. So a corollary of the “simple” rule is to favor used items when they’re reliable.

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