3625: 6 Ways Being Cheap Can Cost You Money by Michelle Schroeder-Gardner of Making Sense of...
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Episode 3625:
Michelle Schroeder-Gardner shares six common ways that trying to save a few dollars can actually lead to bigger expenses, from buying low-quality clothing to skipping insurance and routine maintenance. Her examples reveal how focusing only on short-term savings can cost you time, money, and peace of mind, while encouraging smarter, long-term financial decisions.
Read along with the original article(s) here:
Quotes to ponder:
"DIY will not always save you money."
"You do not want to skip maintenance and have to pay more money later because a major problem could have been prevented, or do a shoddy maintenance job and find out the whole thing needs to be completely redone."
"Many people each and every single day make the mistake of trying to save money, yet end up wasting money in the end."
Episode references:
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