Personal Finance Myth #39

Higher the price, the better the product is a myth | Vrid
People illustrations by Storyset

Higher the price, the better the product

The idea that a higher price always means a better product is a myth. While price can be an indicator of quality in some cases, it is not always the case. 

Factors such as brand reputation, marketing, and supply and demand can influence pricing. 

When you pay more for the same product, you’re paying for the brand name, not the product itself. If you rise above it, you can save a lot of money and gain peace.

Also, are you receiving a pay hike or bonus this month? Planning to buy new gadget on no-cost EMI or zero-cost EMI? Check out our explainer on how no-cost/zero-cost EMI is not a free loan here.

Share this with your friends and family. Help out your buddies.

Was this blog shared with you? You can subscribe to our personal finance newsletter to receive such insightful articles directly to your inbox!

Did you enjoy this article?

DISCLAIMER: This newsletter is strictly educational and is not an investment advice or a proposal to buy or sell any assets. Please be careful and do your own research.

Experience the power of our cutting-edge expense tracker app! Join our waitlist to access smart categorization, insightful financial insights, and seamless expense tracking. Be part of the financial revolution – sign up now to stay updated and gain exclusive access to our app!