It pays to spend less whenever you can, right? Well, not necessarily. There are some cases where the “less is more” principle doesn’t work.
Being cheap cuts costs for the moment, but usually cause you to incur additional greater expenses in the long run. That ends up being the antithesis of frugality. In other words, you’re throwing money down the toilet.
Here are a few instances where thriftiness can backfire:
1. Couponing
10% off, free plans, free sink, free toilet, free granite, free $500 upgrade, free, free, free. This is couponing.
Are you saving money? The answer is no. Let me ask you a simple question: Do you know of any store that allows you to walk inside, take something off the shelf, and happily walk out the door with it? Nothing is free. People can’t pay the mortgage, pay the utilities, or put food on the table by giving stuff away for free. You’re paying for it somewhere. The problem is you don’t know where. It’s hidden. That’s dishonest, deceiving, and just plain wrong. Is this the type of person that you trust in your home with your family? Is this the type of person that you trust you’re hard-earned dollars with?
The moment of truth always comes once the job is started and out comes the change orders, ever-increasing demands for cash to “buy materials”, things don’t get done that were promised and materials you thought you were getting are not what’s installed. Worse, you can’t see the work that was done behind the walls – and this is what’s going to get you big time down the round – and boy will it cost you. Of course, the cell phone number of the person who did the work is no longer in service – how convenient! That’s …
Continue Reading