What we obtain too cheap, we esteem too lightly
Reading the finance news I came across this article... hope you enjoy it. In our lives we have all been "cheap" at some point probably, but when it is to the extreme then that can become a very ugly trait.
Thanks to the recent financial crisis, frugality and thrift are increasingly becoming positive attributes. But if, like many people, you find yourself looking for ways to trim you spending, you may find yourself flirting with what can be a very fine line. You know: the one between making smart financial choices and being outright cheap. In fact, in many cases it's a line between thrift and outright thievery. You know you've hit it when your savings become someone else's loss - or your own. Here are a few common examples where thrifty become downright cheap. How far would you go?
Thrifty: Buying Items That Are on Sale
Cheap: Only Buying Items That Are on Sale
When people cross the line to cheap, however, is when they refuse to buy anything that isn't on sale. This can often backfire by causing you to buy things that might be of lower overall value or that you wouldn't have even considered buying otherwise. You may find yourself spending more than you would have had you just purchased what you needed. It can also put shoppers out of touch with the value of what they're getting for their money - and isn't that what thrift is all about?
Thrifty: Tipping According to Service
Cheap: Never Tipping at All
Thrifty: Putting Money Aside for Savings
Cheap: Saving Everything and Living on Nothing
Living a very Spartan lifestyle can a great way to achieve a big goal, but it's no way to live. If you're working toward retiring early, buying a house or taking time off work to spend with family, travel or pursue other goals, digging deep to make this happen just might be worth it. But if you find yourself saving nearly every penny and scrounging to make ends meet, it may be time to ask yourself just what you're saving for. If you don't have an answer, you've probably gone too far.
Thrifty: Taking Advantage of a Good Deal
If you find a great way to stretch a dollar, there's nothing wrong with making good use of it. For example, if you're in a coffee shop that provides free refills, stick around and enjoy a few cups if you're in the mood. But please, don't keep the cup and come back later (or every day thereafter) for more. A couple of extra cups of coffee probably won't put a dent in a business's bottom line, but if more people follow your lead, it might just quash its free refills.
Thrifty: Cutting Out Internet and CableCheap: Stealing It from Your Neighbors
The Bottom Line
Nothing wrong with wanting the best deal available...who doesn't?
However, it is possible to go too far...and this can definitely be a turn off rather than an asset. Like the article says there is a fine line between being thrifty and being downright CHEAP!!!
|most generous man I know:)|
The generous man enriches himself by giving; the cheap man hoards himself poor....A miser grows rich by seeming poor; an extravagant man grows poor by seeming
until next time