Monthly Archives: January 2017

Don’t make frugal turns into cheap

I was reading another personal finance blog the other day and the writer was telling about how he had saved a LOT of money in a little bit of time. Several hundred thousand dollars in just five years.

It was a cool and inspiring post, but as I read deeper into his techniques for increasing his saving I realized via some photos he had shared that he had definitely crossed the line from “frugal” to “cheap” in his pursuit of wealth. 

While being cheap can have its benefits, the dangers far outweigh them, in my humble opinion. Let’s talk about some of the ways crossing that line from “frugal” to “cheap” can cause problems.