Full Price Luxury Goods: Many wealthy individuals prefer to purchase luxury items on sale or from outlet stores.
Extended Warranties: The financially savvy often skip extended warranties, seeing them as unnecessary extra costs for items that rarely fail during the extended warranty period.
Latest Gadget Models: Instead of upgrading to the newest tech model immediately, wealthy individuals may wait until their current devices need replacement.
Impulse Purchases: High net-worth individuals typically avoid impulse buys, preferring planned purchases that ensure value for money.
High-Interest Debt: Rich people avoid high-interest loans and credit card debt, knowing that paying high interest is a waste of resources.
Brand Name Groceries: Instead of sticking to brand names, they often opt for generic or store brands, which can offer the same quality at a lower price.
Luxury Cars: Some wealthy individuals prefer buying reliable, non-luxury car brands, which are less expensive to maintain and insure.
Full-Price Designer Clothing: They often purchase designer clothes at discount outlets, online sales, or consignment shops.