Everyone loves a good deal, but going cheap at the expense of your health, home or sanity is just plain stupid. It always baffles me when someone would rather go without just to save a few pennies in these areas - particularly when it comes to health.
Here are a five cheap tricks that will actually cost you more in the end.
"One of the biggest mistakes people make (buying in bulk) is that they think they'll use something up, but they end up throwing most of it away," Parker Hurlburt, vice president of research for Acosta explains.
"The other mistake is that they don't compare sale prices to bulk prices."
Other cons include membership fees to bulk outlets, overspending and finding a place for all that stuff.
Skipping the dentist (and other health visits) to pocket the co-pay
Skipped your date with the dentist because you couldn't bear the co-pay? Not smart.
A recent Consumer Reports survey found 43 percent of respondents did just that, exacerbating their
health problems and leading to hefty medical bills.
To curb the pain in your mouth and wallet, shop around for a bargain, consider visiting free and low-cost clinics, or check out a local dental and hygienist school for free or discounted care.
To curb the pain in your mouth and wallet, shop around for a bargain, consider visiting free and low-cost clinics, or check out a local dental and hygienist school for free or discounted care.
Splurging on daily deals to feel thrifty
Daily deals don't last forever, and as Your Money reporter/reformed Groupon addict Mandi Woodruff attests, "after I dropped the ball on five of the suckers, I decided to wean myself off."
Yes, there are ways to salvage expired daily deals—read how 8 Groupon die-hards did it here—but if they aren't time sensitive enough for you to remember to use them, you're basically flushing money down the drain.
Overpaying for extended warranties
In fact, retailers typically enjoy a greater gross profit on the extended warranty than they do on the product they're selling.
Standard warranties should be just enough to get you by.
On the flipside, if your PC or laptop breaks down, forgoing the extra $50 or $100 could cost you hundreds for wear and tear.
Possibly the dumbest mistake petowners can make is not coughing up cash for their pet's preventative care. Avoid the heartache—and cost—of an ER visit by brushing your pet's teeth, splurging on the healthier, vet-recommended food and following up on routine check-ups.
Your pet's life depends on it.
So what have we learned here today? Don't cut corners when it comes to your or your family's ultimate well-being. Tighten the belt when it comes to the unnecessary - but it seems so necessary splurges - like entertainment, those cute shoes and purses you just have to have (preaching to the choir here) - a pricey meal or two or three - (you get the picture). It's not healthy or wealthy living. And we're in this game to win. And will will avoid and fight-off any potential setbacks that are in our control.
*cheap tricks researched by: By Jill Krasny | Business Insider –
Looking for ways to improve your health and wealth? Of course you are!
Click on the links below to help with your process - and don't forget contact me for more information.
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