I often hear, “You should never cheap out on a good office chair, shoes, underpants, backpack etc…” but what are some items that you would feel OK to cheap out on?
This can by anything from items such as: expensive clothing brands to general groceries.
In some cases it’s actually the same product made by a big brand. They might be losing money (or just not making as much profit), but it denies profit to the competitors, so it’s still considered a win.
To counter this I used to visit some factories for a big contract manufacturer in the UK. They would often make say lasagne for the supermarkets and for the “premium” brands. Whilst they were all made in the same place, the “premium” brands products had much better quality ingredients in them and different ratios of the good stuff (say meat) to filler (say pasta sheets).
For some things it’s the exact same materials, but for many it’s different. You have to do blind taste tests to see which ones you prefer.