The Hidden Costs of Luxury Items

Tiffany Co.

Most of us enjoy luxurious things. They look nice. They feel good. They confer status and elevate us above our peers. We’re conditioned from an early age to want the best clothes, beauty products, electronics, jewelry, cars, or furnishings. In our quest to have the best, many of us only look at the price tag. If the item is affordable or we can get financing for it, into the shopping cart it goes. However, there are some additional costs, both monetary and psychological, that many people fail to consider when purchasing that luxury item. Here are nine downsides to luxury items that may make you think twice before buying that super expensive what-not.

1. Insurance. If the item is val


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