Everyone has been there. Wandering the aisles of a home goods store or scrolling through pages of household items online, utterly bewitched by shiny new gadgets and trendy must-haves. But before you go filling up those virtual carts, it’s worth taking a step back and considering which purchases are actually worth the splurge.
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Enter Andrew Latham, a certified financial planner with SuperMoney, who’s dishing out some much-needed tough love on the home items to avoid. He shared that when looking at potential purchases, you’ve got to really assess the value and how it’ll impact your daily life. So many things just end up as clutter and money down the drain.
Here are nine items this shopping expert would never buy for his home.
Specialty Kitchen Gadgets
You know the ones — avocado slicers, banana hangers, strawberry stem removers… The list goes on.
“They take up valuable kitchen space and are often not used frequently enough to justify their purchase,” Latham said.
They’ll likely spend more time collecting dust than actually being used.
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Cheap, Flat-Pack Furniture
Sure, that particleboard media stand from the big-box store is easy on the wallet. But according to Latham, it’s also a risk: “It often lacks durability and may need replacing much sooner than more solidly constructed pieces.”
An initial bigger investment tends to pay off long-term.
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Extended Warranties
Everyone has had that retail clerk persistently peddling extended coverage at checkout. But Latham warned it’s often money down the drain, sharing that most items come with solid manufacturer’s warranties to start.
The cost of repairs later rarely justifies the premium you’ll pay upfront for more coverage. Stashing that cash in a repair fund makes more sense.
Novelty Cleaning Supplies
From all-purpose granite cleaner to heavy-duty grout scrubbers, the home cleaning aisle is a maze of specialized — and pricey — product promises.
Latham’s advice? “In many cases, multipurpose cleaners or simple homemade solutions, like vinegar and baking soda, can do the job just as well, for a fraction of the cost.”
Overpriced HDMI Cables
Unless you’re decking out a professional home theater, springing for those $100 HDMI cables is an unnecessary indulgence.