Living frugally is a great way to keep your finances under control, but if taken too far it can have a detrimental effect on your life. Being able to balance your life and money is just as important as living a frugal lifestyle. If you consider yourself an expert in frugality, you may benefit from learning more about how living frugally can end up costing you in the end. Here are five drawbacks of frugal living.
1. Always Buying The Cheapest Products
2. Being Seen As Cheap
3. Missed Opportunities
4. Requires Too Much Discipline
5. No Clear Goals