G'day theslike.
Its a 26 ft yacht. ..made local, backyard model in 1986.
Its a brilliant boat...I may be bias

I totally get what your saying about $$ and priorities.
Its nice to read im not the only one on this forum who is tight for a dollar

As my girls always in the blue and is my home and business and only real love....I had to get another anchor.
My safety. My partner and guests safety..her ( the best boat) safety. ..and on the odd occasion we share a lagoon with others...it counts towards other ppls boats being safe as well.
We dragged the plough anchor several times.
I have ended up with a copycat roncia anchor made local.
Its not in anyway as good as a original. ..lacks the concave but cost $250 euro...and im supporting local business

I basically have a anchor that is three sizes to big for the boat and doesn't fit anywhere

that I couldn't really afford.
But...I now have insurance.
The plough is still my every day anchor.
But when sitting tight for a few days...the big boy goes out and I can sleep well knowing ....we aren't dragging.
I think your spot on...buying what you need and will use.
I didn't want to spend this coin...indeed I made a captain call and my minister of love ,war and finance isn't impressed