Here Is When Not To Be Frugal
Hey, I know, I know this site is about being frugal. However there are a few instances when it pays not to be frugal.
The economy has not been very good for many years
Saving money is at the forefront of many peoples thought processes.
This is completely understandable and this site has struck a cord with many people.
But as you know there are instances when saving money shouldn’t be your biggest concern.
So, what are some times when not to be frugal?
Continue reading to learn a few instances when saving a few pennies up front may cost you a lot more down the road.
#1. Skipping Out On Preventive Doctor Visits
Doctor visits are expensive and not anyone’s idea of fun.
Even with insurance your co-pay is gonna cost you.
Not to mention many policies don’t cover check up and preventative doctor visits.
The problem is, that when you skip out on check ups and preventive visits with your doctor, you often risk much higher medical expenses in the future.
Not only is your wallet at risk, but more importantly your health.
You certainly can’t put a price tag on your well-being.
Take the time and spend just a little bit extra on preventive medical care.
This will save you a lot of money in the future.
It will also drastically reduce your risks of suffering from medical emergencies that could place your health and ultimately your life in jeopardy.
I can see you now running for the phone to make an appointment for that check up you have been putting off.
#2. Purchasing Budget Tools
Yes, those high end tools are more expensive than their generic counterparts.
But please keep in mind.
Those inexpensive and generic tools that save you money up front will end up costing you a lot more in the future.
Typically, tools that are made inexpensively are made of much lower quality materials.
As a consumer who is trying to save money, you will be replacing tools much more frequently.
Also many times cheap tools do not function correctly
This results in poor quality craftsmanship on your home repair jobs.
Your best bet is to invest in quality tools up front.
There are a few brands out there that actually have lifetime warranties on their tools.
Some offer very impressive warranties even on power tools.
Save yourself some money in the future by investing in quality tools today.
#3. Buying the Cheapest Car On The Lot
Another tempting way to save a bit of money is to buy an inexpensive car.
It is important that you make certain to do adequate research on the manufacturer of the car as well as the individual model.
If you are buying a used car check its history at Autocheck.
By taking the time to do your due diligence upfront, you can save thousands of dollars over the long haul in automobile repairs.
#4. Skipping out on Automobile Maintenance
Many people are tempted to skip out on routine car maintenance in order to avoid the expense.
The problem with this tactic is that preventative automobile maintenance is just as important as preventive medical care when it comes to saving you money in the future.
Make certain that you do the standard auto maintenance such as oil changes and other general tune-ups.
You will lower the chances of having severe automobile failure in the future.
One big automobile repair can result in hundreds or thousands of dollars in expenses.
I did another post you might like to read 12 1/2 Frugal Living Tips Cars.
#5. Buying Cheap Food
Buying unhealthy food because it is cheap is a bad idea that you will pay for later in life.
Don’t buy a food item because it is inexpensive.
Buy healthy food cheap or pay up a bit.
#5. Spending Too Much Time with Coupons
Couponing can be a wonderful way to save money at the grocery store.
The problem is that many people become obsessed with couponing and simply buy items that they do not need.
Spend your time making additional money rather than becoming obsessed with coupons.
Take 20 to 30 minutes to cut coupons out of your Sunday paper for items that you typically purchase.
This a great way to save a few dollars on your grocery bills
Spending hours searching for deals online as well as in your local sales papers generally ends up costing you much more money than you would otherwise be able to save by directing your time to other tasks.
Final Thoughts On When Not To Be Frugal
Being frugal will improve your life but there are certain things it is not wise to try to cut corners on.
With that said, it is also important for you to make certain that you are taking the time to be frugal in the right way.
Know when to be frugal and when to pay up.
Here are a couple other articles that may interest you.
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