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Episode 2705:
Discover how frugality might unexpectedly dip into your funds as Michelle Schroeder-Gardner of MakingSenseOfCents.com explores six common pitfalls where saving too much can actually end up costing you more. From skimping on quality purchases to the false economy of DIY projects, Michelle sheds light on the hidden costs of excessive thriftiness.
Read along with the original article(s) here: https://www.makingsenseofcents.com/2014/10/6-ways-being-cheap-can-cost-you-money.html
Quotes to ponder:
"Many people each and every single day make the mistake of trying to save money, yet end up wasting money in the end."
"Skipping going to the dentist for years so that you can 'save' money. Then, after you finally go, you find out you could have saved money and some of your teeth by visiting the dentist regularly for cleanings."
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2607: Retirement Planning at Midlife: 6 Tips for a Secure Future by Kathleen Coxwell of New Retirement
2606: 5 Rules for Having a Constructive Conflict Conversation About Money by Kyle Benson of Gottman
2605: An Introduction to Frugal Hedonism by Annie Raser-Rowland of Becoming Minimalist on Minimalism & Self-Reliance
2604: Here's When To Buy Your First House by Camilo Maldonado of The Finance Twins on Homeownership & Financial Readiness
2603: Choose Your Status Game Wisely by Nick Maggiulli of Of Dollars and Data on Life Choices, Personal Identity & Social Value
2602: Learning to Listen for a Life of Purpose, Health & JOY by Krista O'Reilly-Davi-Digui of A Life In Progress
2601: 5 Ways To Minimize Debt and Increase Your Retirement by Courtney Luke of Arrest Your Debt on Credit Card Management
2600: [Part 2] How We Saved Multi-Millions by Go Curry Cracker on Saving Strategy & Compound Interest
2599: [Part 1] How We Saved Multi-Millions by Go Curry Cracker on Financial independence & Overcoming Adversity
2598: Should You Borrow Money From Friends or Family? by Amanda Kruse of Women Who Money on Asking Loved Ones For Money
2597: An Early Warning System for Your Investment Portfolio by Darrow Kirkpatrick of Can I Retire Yet on Diversification
2596: Money Management Tips by Sandra Kenrick with I Will Teach You To Be Rich on Personal Finance
2595: How to Live Well on One Income + 6 Tips to Make it Work by Amanda Brownlow of Hello Brownlow on Family Finances and Frugality
2594: 6 Home Decluttering and Organizing Tips for Busy Parents by Rose Lounsbury on Practical Steps For a Clean Home
2593: 4 Reasons You Should Rollover Your 401(k) Into an IRA by Jeff Rose of Good Financial Cents on Retirement Account Options
2592: What It Takes To Save Money During Tough Times by Lisa Harrison of Mad Money Monster on Keeping Your Finances Safe
2591: 7 Mentally Strong Financial Traits by Andrew of Dollar After Dollar on Psychology of Spending Money
2590: Should You Buy a Fixer-Upper? by Lisa Aberle of Get Rich Slowly on Real Estate Investing
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