Buy It for Life

Buy it for life covers a wide range of high quality products that are built to last a lifetime. I noticed that most products are not built to last, but to fail after a set amount of time. Planned obsolescence is now the norm and not the exception.

From Wikipedia
Planned obsolescence or built-in obsolescence in industrial design is a policy of planning or designing a product with a limited useful life, so it will become obsolete, that is, unfashionable or no longer functional after a certain period of time. Planned obsolescence has potential benefits for a producer because to obtain continuing use of the product the consumer is under pressure to purchase again, whether from the same manufacturer (a replacement part or a newer model), or from a competitor which might also rely on planned obsolescence.

For an industry, planned obsolescence stimulates demand by encouraging purchasers to buy sooner if they still want a functioning product. Built-in obsolescence is used in many different products. There is, however, the potential backlash of consumers who learn that the manufacturer invested money to make the product obsolete faster; such consumers might turn to a producer (if any exists) that offers a more durable alternative.

Estimates of planned obsolescence can influence a company's decisions about product engineering. Therefore, the company can use the least expensive components that satisfy product lifetime projections. Such decisions are part of a broader discipline known as value engineering.

Planned obsolescence creates a class of products that drives unsustainable consumption. Products made in which repairs are comparable to the replacement cost, or designed to difficult to repair. Which leads to products that must be bought multiple times.

So in order to prevent ourselves for getting deeper in debt, buying it for life reduces the amount debt that we compile. This approach requires us to take into consideration our allocation resources which includes time, money, and many other factors.