At this point, we’ve all heard about bargain shopping in the recession—the budget buys, the sample sales, and the deals we can’t wait to see pop up. But what about the things that never make it to the sale rack? Are we just supposed to do without?
In short answer: No. At least not according to “experts” like personal shopper and stylist Jill Markiewicz, who tells Forbes that “buying a few expensive pieces that you truly want” can actually save you more money in the long run than picking up “a bunch of discounted items” at sample sales all over town.
Of course, Markiewicz’s ideas of necessary buys included Hermès bags and $115,000 Porsche Panameras, which don’t really fly for those of us living on Planet Earth.
So what types of purchases are worth splurging on and paying full price, even during a tight economy? As they say, you get what you pay for, and some areas can’t be scrimped on, no matter what kind of economy we’re living in. Here are a few…
What you need to know today to survive and thrive in the recession.
The recession-driven shift to eating at home more often is giving new life to grocery stores’ most basic offerings. (Wall Street Journal)
Nationally, 27 percent of about 1.6 million graduating college seniors plan to work for nonprofit groups or governments, an increase from 23 percent from 2008. (Bloomberg)
A growing number of American homeowners are falling into financial limbo: They’re badly behind on payments, but their banks have not yet foreclosed. (Washington Post)