ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

6 Ways Your Cheapness Is Costing You

Updated on September 24, 2014

Are you cheap? I mean really cheap?

I am frugal, but I am not cheap. Some people may see this as the same thing, but the main difference is value, not price. So I have had a Extreme Cheapskate marathon today and it got me thinking. Can being cheap actually cost you money in the long run? Yes. It can. So here are a few ways that being a cheapskate, can cost you money today, tomorrow and down the road.


Fast Food

A lot of people eat off the dollar menu at many fast food restaurants because it is cheap. I can understand it, it is hard to make a hamburger or much else for a dollar. But is it worth your dollar? Probably not. For today, it is not very filling and it will leave you hungry in an hour. Tomorrow it will add a pound to your waistline and down the road, it may affect your health. Cooking a dinner can be made for a bit more, but the quality will always be better than what you can find at a burger joint. If it is for lunch, packing your own lunch is usually cheaper, as well as healthier.


HealthCare

Many people do not go to the doctor because of the cost. Whether this is a few dollar co-pay or the full monte. Check-ups and the like can save you thousands of dollars by catching something in the early stages, as opposed to the end stage. This can save you dollars and years of your life. So spend a few bucks and go see your doctor once a year. It is worth it.


Couponing

This one is a big one. Coupons are great, sometimes. However, when you are buying items that you will not eat, it is not. There is also the issue that most coupons, if not all, are for name brand products. For most of the world, we know that store brands are far cheaper than the name brand counterpart. So if you have a fifty cent coupon for an item that is 3.50, yet the name brand is 2.00 everyday, you still save a third of the cost by buying the store brand. There is also the cost to get the coupons, newspapers and such, which can be another couple of dollars that eats into your actual savings.


Used Appliances

Now I am all about buying used, however appliances is something you may want to reconsider. This is simply because of the cost to run these machines is usually a lot more than the newer models. There is regulations and laws on almost everything, thus everything is made to use less electricity. By replacing just one old air conditioner, I was able to shave hundreds off of my electric bill in one summer. This more than paid the one hundred dollars I paid for the appliance. If I would have bought it off season, I probably could have saved more, however you get the point. Even though the appliance is cheap, it will cost you in the long run. It also may not work as well as the newer one will, so why set yourself up for a higher power bill.


The Cheapest Everything

This can be anything and well everything. Some people find it good to buy the cheapest of everything. This however, can cost you in the long run because you will have to replace the item quicker. Sometimes it is better to spend a bit more on an item, so it will last longer. This can be vehicles, furniture, to every day items like dish soap. If you have to use twice as much for the same clean, unless it is half the cost, you are not saving any money.


Time Sucking Savings

Okay, I don’t know what to say to those that re-use paper towels and tissues. My point is, what is your time worth? Some people will spend an hour to save a dollar. This is not cost and time effective. So stop killing yourself to save a penny because you are wasting your time which cannot be retrieved. Once it is gone, it is gone. So when you find yourself spending twenty minutes to save fifty cents, ask yourself is it worth it. Most people have a job and thus a dollar amount of their time, so do the math, crunch the numbers. Instead of wasting four hours to save ten dollars, work an extra hour and save three hours of your time.

What do you do or someone you know do, to save money?

Let me also add. When your cheapness cost someone else money, this is not good. You are making others pay for you, instead of lowering your cost naturally by using less or being inventive. It is not cool to haggle with everyone and liberate as many samples and condiments as you can carry. This is just rude.

Comments

    0 of 8192 characters used
    Post Comment

    • georgialgal1984 profile image

      Mrs Clark 

      3 years ago from United States

      Great tips! I buy many things used (clothing, decor, etc.), but appliances are something we rarely buy used because it is worth the money to get them new, installed and with a warranty. Take care~ :)

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)