Are Our Frugal Habits Wasting Money?
These days, it seems that comparison shopping and stretching a dollar is not necessarily saving us money. Coupons and such can often just get us into the store and lead us to buy things we normally wouldn’t have purchased, merely because they seem like a good deal.
Shane from Beating Broke likens today’s definition of frugality to never going without, like living like the Jones’s without spending like the Jones’s.
Shane argues that we’re so consumed with finding a bargain that we never stop to think about whether we really need the item that is on sale. Our homes are overwhelmed with possessions.
So, while frugal habits are financially beneficial, try not to be tempted by deals you don’t need. As Shane puts it – if you don’t need it, then it is not a deal.