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 Clever shoppers can save money without sacrificing quality. Here is how to do it. Franz Pfluegl / Shutterstock.com

Nobody wants to be labeled a cheapskate. But sometimes, it makes good financial sense to purchase a cheaper option if you can. A high price tag doesn’t necessarily make something better. Often, low-cost items will serve your needs just as well. Or, the higher-quality option might not be worth the extra money. Other times, there’s little or no difference in quality between the priciest and cheapest…

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