10. Flash Sales, Daily Deals, and Everything In Your Inbox
Chances are, you receive a couple of promotional emails throughout the week (or the day). Retailers tempt you with a “one day only 40% off sale” that you “can’t miss”, and before you know it, there’s a new trench coat en route to your doorstep. Although you technically saved 40% on the full retail price, were you even planning to buy the thing in the first place?
9. That Not-So-Gently-Used Car
If you buy a 2 year old car with 10,000 miles on it as opposed to a brand spanking new model, you can save thousands of dollars. If you buy a twenty year old car with 250,000 miles on it , you’ll probably buy it for one or two thousand dollars. While the savings are massive, you have to ask yourself how much you’ll spend for the imminent repairs. Then think about the longevity of the vehicle. You’re better off spending more on a reliable, younger used vehicle instead of a cheapskate’s clunker.
8. Extreme Couponing
We have nothing against normal couponing; everyone has coupon apps on their smartphones, and there are some pretty good deals out there. However, letting coupons dictate your shopping isn’t a good idea. Most of the time, coupons discount already expensive brands or products you wouldn’t buy in the first place.
7. Cheap Rent Over Comfort
Finding the perfect apartment for your budget can be exhausting. You may be tempted to settle on the cheapest place you find, and if you do, you’ll more than likely regret it. While the rent is lower than anything else you’ve seen, so is the quality of the rental property. Sharing your home with six-legged creepy crawlies that your landlord won’t exterminate is not worth saving a hundred bucks a month.
6. Thrifting the Unthriftable
Buying secondhand clothes is a great way to save money. However, some clothing should always be bought new. Do yourself a favor and avoid thrifting the unthriftable—you may save a few bucks by thrifting your boxers, but you really shouldn’t. Spend a little extra on your unmentionables.
5. Buying Bulk (When You Don’t Need To)
A Costco membership is a powerful thing. Where else will you be able to buy hot dog buns en masse? Next time you shop at your local bulk warehouse, only buy bulk when you know you’ll use everything. Buying a ton of toilet paper or laundry detergent is smarter than buying a ton of perishables that will go to waste.
4. DIY-ing a Professional Job
There are some projects you should try to do on your own. Knitting a scarf or repainting a dresser? Go for it. However, there are some that are better left to the professionals. Don’t take on a project you don’t know how to do. You’ll waste time and money the repair, only to end up hiring a pro after the blunder.
3. Hiring a Cheap Professional
While we’re on the subject of hiring professional contractors, you should search for the best person for the job instead of the best price. If you happen to find a great value and a skilled repairman, you are extremely fortunate. Otherwise, spend extra on a job well done.
2. Driving the Distance for Cheaper Gas
When gas prices skyrocket, you may be tempted to drive to a neighboring city with lower prices. Before you waste your time, think about your car’s mileage and whether or not you’ll actually benefit from gas that’s a dime or two cheaper than yours.
1. Wiping with One-Ply
Want to save money in the hygiene department? Don’t buy cheap, single-ply toilet paper. You’ll end up doubling your TP use just to make ends meet, and you’ll definitely feel the difference in quality. If you’re looking for save money in this department, don’t let yourself hit rock bottom. Just buy the store brand of toilet paper.