23 Frugal Habits That Aren’t Worth The Money You Save

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Frugality may seem to always save money. 

But there are times when presumed thriftiness may be a waste of time and money. 

Clipping coupons occasionally and buying in bulk with a grocery membership are common methods that frugal thinkers use to make the most of their paychecks. 

However, not every penny-pinching habit is created equal.

Whether you are stepping into the world of frugal habits or you are a veteran of money-saving tactics, it’s useful to know which of these popular habits aren’t worth the money you may save. Here are 24 frugal habits that may not be worth the savings.

#1. Infrequent Oil Changes 

You may be saving a little money today by skipping a few oil changes in your car, but you may be dealing with costly engine repairs in the future if you do. 

You will save more money by having regular maintenance done on your car to keep it running efficiently and avoid repairs. Not only is routine maintenance cheaper than a new engine, but it is also cheaper than needing to buy a new car.

#2. Buying Cheap Shoes

If you buy cheap, low-quality shoes, you will usually have to buy more pairs over time because they wear out faster. 

Investing in well-made shoes that you love is better because you will wear them longer and save money in the long run.

#3. Using Cheap Paint

How often have you bought cheap paint for your home and found that you had to use several coats to cover the walls?

A good-quality paint may seem like a bigger expense, but it will save you time and money in the long run, as it requires fewer coats and is more durable.

#4. Skipping Doctor Visits

If you put off going to the doctor for visits to save on medical bills, you may end up spending more down the road.

By going for regular check-ups and preventative care, you can catch any health issues early on and save money on expensive treatments later.

#5. Neglecting Your 401K

You may want to put off contributing to your 401K to have more money in your paycheck now, but neglecting this retirement fund can cost you dearly in the future.

If you consistently add to your 401K and take advantage of employer matching programs, you will be glad you did when it comes time to retire.

#6. Eating Cheap Food

While saving money by eating cheap food may seem like a good idea, you may be risking your health and future medical costs. 

Eating plenty of fruits and vegetables may cost more, but it’s important for your health, and taking care of yourself now can save you money in the years to come.

#7. Using Coupons

If you clip coupons, you may be spending more money than you would otherwise because you are buying items you may not need or want.

It’s all too easy to be lured into buying things because you have a coupon for it, not because you need it.

Instead of clipping coupons, try meal planning, making a list, and only buying what you need to avoid overspending.

#8. No Car Insurance

This is a biggie that might really cost you, especially if you are in an accident. 

Not having car insurance can lead to fines, legal trouble, and, ultimately, high costs for repairs or medical bills if you are in an accident.

#9. DIY Home Repairs

If you don’t know what you are doing, doing your own home repairs instead of having a pro do them can end up costing you more than you bargained for.

Home repairs that are not done properly can cause even bigger issues later on, from leaks and water damage to electrical or structural problems. 

#10. Skipping the Dentist

Going to the dentist is not always the most enjoyable experience, but skipping regular check-ups and cleanings can lead to even more dental issues. 

Not taking care of your teeth can result in costly dental procedures such as fillings, root canals, or even extractions.

#11. Cheap Gas Hunting

While it may seem like you should constantly search for the cheapest gas prices, driving out of your way to save a few cents per gallon can actually end up costing you more.

The extra miles and time spent driving to find cheap gas can add up, so just choose the cheapest gas that is conveniently located near you.

#12. Canceling Your Gym Membership

Canceling your gym membership to save money may seem like a good idea, but remember the benefits of regular exercise.

If you have a gym membership, you are more likely to work out, and not exercising can lead to health issues that will cost you much more than your monthly gym fee.

Of course, if you have zero interest in going to the gym, you are better off just canceling and finding a routine you could do around your house.

#13. Cheap Paper Towels

Buying cheap paper towels may seem like an easy way to save money, but if you end up using more of them because they are not as absorbent, you will end up spending more money. 

Either use high-quality paper towels that are more absorbent or reusable cloth towels for everyday cleaning tasks.

#14. Diluting Detergent

Diluting laundry detergent or household cleaners may seem like a smart way to save money, but it can lead to less effective cleaning and cost more than buying a regular product.

If you want the detergent to clean your clothes properly, use the recommended amount for each load.

#15. Buying Cheap Appliances

If you buy used or cheaper appliances, they may be less energy efficient and have a shorter lifespan.

Investing in high-quality appliances may initially cost more, but they will save you money on your energy bills and last longer.

#16. Skipping Home Maintenance

Ignoring the necessary maintenance for your home to save money can lead to bigger and more expensive problems down the line.

To avoid costly repairs, regularly check and maintain your HVAC system, plumbing, and other important home systems.

#17. Buying Items on Sale You Don’t Need

Just because something is on sale doesn’t mean you should buy it.

Avoid buying items that you don’t need, even if they are discounted, because you can use the money you are spending on something you actually need.

#18. Not Getting Financial Advice

Just because you are not rich doesn’t mean you don’t need help managing your finances.

Getting financial advice can help you save money and avoid making costly mistakes. 

And having a professional there to hold your hand can help you build more wealth than if you tried to do it on your own.

#19. Not Investing In Yourself

Investing in yourself can be one of the best ways to spend your money because it can lead to better jobs and higher wages.

You can take classes, attend workshops, or even hire a coach to help you improve your skills and knowledge. 

#20. Shopping at Multiple Stores

If you drive all over town looking for bargains at different stores, you will likely spend more money on gas and waste time.

Consider shopping at one or two stores that offer competitive prices instead of trying to find the best deal at every store. 

#21. Not Investing

If you don’t invest money in stocks because you’re afraid of losing it all, you could be missing out on long-term gains.

By not investing at all, you are essentially leaving your money sitting idle and not allowing it to grow, so start small and educate yourself on different investment options.

#22. Stockpiling Bulk Items

It may seem like a good idea to stock up on items when they are on sale or in bulk, but this can lead to overspending and leave you without the money you need for other necessities. 

Instead, only buy in bulk when it is truly necessary, and it will save you money in the long run.

#23. No Life Insurance

If you haven’t bought life insurance because you think it will save you money to wait until you’re older, think again.

Life insurance premiums tend to increase as you age, so buying it when you’re younger can save you significant amounts of money in the long term.

Gas Hacks For Free Gas

You’ve probably wished you could get free gasoline, but thought that was impossible. But the reality is, it isn’t impossible.

There are many free gas hacks you can use to save money on fuel ups. Here are 15 ways to lower the cost of gasoline, and in effect, get free gas.

15 FREE GAS HACKS YOU NEED TO TRY

Fun Money Saving Challenges

Do you find it boring to save money?

If you are motivation by turning things into a game, check out these money saving challenges.

There is a game for you that will make saving fun and exciting so that you make it a priority to save money.

49 FUN MONEY SAVING CHALLENGES