Here are 10 ways when being cheap can actually cost you more money.
Trying a new food product because it’s cheaper.
How many times have you tried a new and cheaper food only to find out that it tasted disgusting? The best way to try a different and cheaper brand is if you buy a small quantity first to see if you even like the product. Stocking up on a sale without even knowing what is taste like is probably not the best idea.
Trying to fix something yourself and it turning out badly.
Many people do this. They try to fix something themselves but that it gets terribly out of hand and before you know it, you break the product even more. You might even have to hire “real” help to fix the original problem and also fix what you added on to the mess.
Examples of this include:
- Your TV breaks and you try to fix a component yourself.
- Your furnace breaks and you think you can fix it yourself.
- You have a really bad leak and you try to fix it yourself but you know nothing about plumbing.
- Your car starts having problems and you try to fix the problem yourself. Only problem is that you don’t even know how to change the oil in your car let alone fixing a part of the engine.
Ignoring a prenup because you don’t want to pay for a lawyer.
If you are thinking about getting a prenup, but you don’t want one because you have to pay a lawyer to draft the agreement, then you should definitely get a prenup. The cost of one should not be what is stopping you.
No one wants to think that their marriage will end badly, but if you are thinking about getting one from the very beginning, then that should be a sign that you definitely need one.
Buying a Groupon and then never using it.
Have you ever bought a Groupon and then never used it? Many people have done this, and it’s a waste of money. Only buy coupons such as on Groupon if you know that you are going to actually use the product.
When was the last time being cheap cost you money?