Sensible Frugality: Where to cut costs? 4 mins

We live in a world that is so full of attractive things that tempt us to squander money over them. We all think about reducing our expenses but end up spending recklessly and unwisely anyway. We all tend to make cutbacks. But, at times we are not sure what to scrimp on. Here is a list of some most common wasteful habits you need to steer clear from.

●     Focusing Too Much On Big Brands

From grocery to skincare, we all have an irresistible tendency to buy branded products. We have this idea implanted into our minds that products sold by big brands are always better than generic brands. In fact, buying generic brand products is the most unused way to economize. The truth is that ingredients are virtually the same in the generic versions of branded products. Therefore, you do not need to spend a lot of money just for the sake of a big name.

●     Not Doing Basic Maintenance Work Yourself

Many of our everyday car and house problems do not need professionals. Paying huge amounts to professional mechanics or plumbers for fixing a problem that you can fix yourself with some effort does not fall in the circle of frugality. You can do your routine auto or home maintenance tasks yourself by taking help from YouTube or some other site.

Having said that, we are not maintaining that you should try to do everything on your own. If something requires a professional, you should call a professional. Just pay heed to what problem does or does not require a professional.

●     Being Over-Scrupulous with Expiration Dates

There are some foods that are comparatively more perishable. For such foods, expiry dates should be paid heed to. However, expiration dates do not always hold utmost authority as with some foods, you can identify by colors or smells whether they can be used or not. Actual shelf life and label also differ sometimes. Nevertheless, do not think of expiry dates as law yet do not be reckless enough to eat stale bread just because you want to economize. 

 

●     Only Paying with Credit/Debit Cards

Though it may seem convenient to pay through Credit or Debit cards, it’s not a symbol of sensible frugality. If you only use your credit or debit card to purchase things, you may end up spending more than you intend to. This is a wasteful habit that nobody pays attention to. Here’s the thing: when you pay through a credit or debit card, you are not actually seeing the money get out of your pocket and this can make you spend more. Pressing buttons is a lot easier than watching greenbacks leave your wallet. If convenient, you should take cash out of an ATM or bank frequently for making purchases as it will help you steer clear of the wasteful habit of spending too much with debit or credit cards.

●     Unnecessary Coupons

Like it or not, coupons are marketing tools that make you buy things from a specific site. Yes, coupons can save you some money but buying coupons unnecessarily and irresponsibly is deemed as a wasteful habit. Couponing is a wasteful habit that actually convinces you that you are adopting sensible frugality. Though it’s quite the opposite. We are not suggesting that buying coupons is a wasteful habit altogether. However, extending couponing to things you do not already buy may turn it into one. For instance, if you need to make a necessary purchase that you make once in a while, finding a coupon is a good option.

●     Spending Too Much on Expensive Personal Care Products

People often tend to buy personal care products having extortionate prices thinking that slathering those products on their faces and bodies will fix all their beauty problems. It may be hard to accept but the truth is it never really works. Many of our skincare and beauty problems are caused by either our own habits or medical issues. Misspending money on pricey personal care products is not only wasteful but also stupid. While you may think that the products you use do make a difference, it may just be a placebo effect. As a savvy consumer, you should always look at the list of ingredients printed on the back of the product. We would suggest buying products with ingredients that you do not recognize and research a bit about them to find out whether or not you are going out of the circle of sensible frugality by purchasing them.

These are the areas you need to cut costs in. Steering clear from these wasteful habits will save you money. If you have any of these wasteful habits, you are not cutting costs at all. The thing with sensible frugality is that you need to make wise choices actively by weighing up your purchases.

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