Everyone is always telling you that you should save money. There are thousands of websites telling you how to save money. This one does that as well, but no one ever talks about what you should never do to save money. So, here are a few things you should avoid in your pursuit of saving money.
What Should You Never Do to Save Money
Yes, saving money is important and a great goal, but you shouldn’t be so blinded by the idea of saving that you take risks, do foolish things, or break the law.
Here are some of the top activities you should avoid.
It kind of goes without saying, but I’ll say it anyway, you really shouldn’t be doing anything illegal to save money.
While you might save a few dollars on a new shirt or something else you need, you could get yourself into serious trouble.
The legal fees and court costs not to mention the future effects on your life will cost you much more than you were trying to save by slipping that new pair of pants under your coat.
2. Skipping the Doctor
I spent years without health insurance, so I get the whole not going to the doctor thing.
I was always pretty healthy, so I was lucky.
Even so, you want to go when you need to.
If you have some weird symptom, it is best to check it out sooner rather than later.
Something small today can become life-threatening down the road.
While saving money is great, if you don’t get the treatment you need you might not be around to enjoy it later on.
3. Skipping the Dentist
The same goes for the dentist. Dental work is ridiculously expensive and so much of it isn’t covered by insurance, but it is important.
This is another area that some preventive maintenance is a lot cheaper than needing major dental care because you didn’t go in for your yearly exams.
4. Stealing Someone’s Internet
I know this can be tempting and it seems like it is a victimless crime, but don’t do it.
If you get caught it is going to cost you.
Not to mention, you can really mess up someone’s internet access. If you use their data they may end up having to pay overages, so it’s not victimless at all.
5. Do Household Repairs or Upgrades if you Don’t Know How
DIY is great and can save you a lot of money, but if you don’t know what you’re doing it’s not the way to go.
Not only can you make matters worse, but you might also hurt yourself.
I get it, home repairs are expensive, crazy expensive, but if you don’t have experience call a professional anyway.
It’s not worth the money you’ll save if you end up in the hospital.
6. Be a Complete and Total Miser
While saving money should be a part of everyone’s financial planning, don’t go overboard.
There is a happy medium out there.
Don’t pinch your pennies so hard that you never have any fun and you make your family miserable.
Create a budget that allows room for entertainment and enjoying your life.
It’s going to be over with before you know, so take the time and money to enjoy it along the way.
No one wants to hang out with or be married to Scrooge.
7. Anything You Need to Hang Your Head in Shame Over
If you are considering saving money in a way that you don’t want anyone to know about or you are ashamed of, then don’t do it.
Consider the moral and ethical consequences of your actions before you act.
In the end, you have to live with yourself and if you are living a life you aren’t proud of, then you need to make some changes.
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8. Eating Out of The Dumpster
I’m a big fan of dumpster diving. I’ve done it many times, but I draw the line at getting food out of a dumpster.
Yes, you might find some good things, unopened and clean, behind grocery stores or even restaurants, but don’t go there.
You don’t want to compromise your health to save a few dollars on a meal.
9. Stop Living Life
This is kind of like number six.
The point is, you still need to live life – spend time with your friends and family – go out and have a good time sometimes.
Don’t be so cheap that you never go out with friends or family.
You will come to resent them for having fun while you are stuck at home and your relationships will suffer.
10. Living in a Dangerous Area of Town
You might find that that you save money on rent if you live in a less desirable part of town, but you need to consider your safety.
Cheaper rent is great, but safety needs to come first, so before you rent that apartment make sure you won’t get mugged if you leave the house at night.
11. Skip on Hygiene
Just because you want to save money doesn’t mean you need to be stinky.
Don’t skip on soap, shampoo, or toothpaste.
All are necessary if you want to spend time with others.
Go to the dollar store to find cheap options, but don’t skip them completely.
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To Sum it All Up:
Saving money is great, but it shouldn’t do so at any cost. Live a life of balance, so you can save money and still enjoy life. Stay away from anything dangerous or illegal when pinching your pennies. You’ll be glad you did.