Here’s a riddle for you; When is a money saving habit not a good habit? Answer: When it actually cost you more money than it saves you. All right, we admit that our riddle possibly wasn’t the most original or even fun riddle ever but it does apply to a lot of consumers. While most of us know that if you buy something cheap it’s probably going to break and need to be replaced quicker, there are some frugal habits that people have that actually aren’t all that frugal or all that good for your finances.
With that in mind we put together a little blog today that explores a number of frugal habits that people have that, for the most part, are not actually saving them money but costing them money.… Read the rest