I like a good deal when I see one, but be careful about going for the “cheap” price. Generally, you get what you pay for and many times it ends up costing you more and you either don’t realize this or realize it once it’s too late. Even commodity type services and products are not […]
Price
Price vs. Value
Understanding the difference between price vs. value will probably save you a lot of headaches, improve your finances, and even your life. To simplify, price is the dollar cost, while value represents the benefits or worth received. Price is very easily measured, and is an okay measure to use when purchasing goods and services of […]
Price is Only One Aspect
The easiest comparison when making purchases of products and services is price. It’s black and white, but it’s also very misleading. The key is to focus on the value received for the price paid. Here are some examples: Insurance: There are a lot of commercials and ads out there promoting lower auto insurance rates. It […]