Diffrence between varchar and nvarchar

An nvarchar column can store any Unicode data. A varchar column is restricted to an 8-bit codepage. Some people think that varchar should be used because it takes up less space. I believe this is not the correct answer. Codepage incompatabilities are a pain, and Unicode is the cure for codepage problems. With cheap disk and memory nowadays, there is really no reason to waste time mucking around with code pages anymore.