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Ways That Being Too Frugal Can Cost You In The Long Run

Are there times that you should not be frugal? Could being too frugal cost you in the long run? It sure can and here are my thoughts on that. 

One of the first things I learned after I got married was not to buy the cheapest appliances. If you buy the cheapest, they most likely will not last you as long as getting one that is priced in the middle. The middle priced ones are usually better quality, more energy efficient, and reliable lasting us many, many years. I have always stuck to this way of buying our washing machines, dryers, stoves, microwaves, dishwashers, refrigerators, freezers, humidifiers, and dehumidifiers and some of them have lasted us over 25 years.

The only time I would consider buying the cheapest appliance would be if Consumer Reports or another reporting company rated it highly. But, in my experience, that rarely happens. 

The only time I will buy one used is if I am buying it from a relative and know the history of how it was used and for how long it had been used. For example, I purchased my washer and dryer from my son and daughter-in-law. I will have it 10 years in a few months. They had it for, I believe, 5 years. A couple of those years it was stored and not in use. 

We have done the same with automobiles. We have never purchased the cheapest model. We saw too many friends who did that and ended up spending much more on maintenance and repairs than we did with our cars. 

I have never purchased the cheapest luggage, wallets, or purses. I find that luggage that is middle priced lasts us for years. I always buy a real leather purse because they also last me for 15-20 years or longer when I take the time to clean and maintain them.

We also don’t buy cheap furniture. It falls apart in a few years. If you are going to watch a lot of TV or read sitting on a sofa or chair, you want it to last a long time so quality is important.

We have never skimped on a mattress set. Comfort is important to us. A cheap bed set would make us miserable. Right now, we have a sleep number bed. Sure it was expensive when we purchased it. However it has lasted us almost 19 years. If a part wears out, you can replace just that part. We have had to replace one part in all these years. It has been worth every dime we spent. We will have it many more years.

I buy us high quality, high thread count, Egyptian cotton sheets. We love our sleep and it you have ever slept on cheap sheets, you will understand why I choose the sheets I do.

We have never purchased cheap paint. We buy quality and always pay attention to what Consumer Reports says. Because of this, we have to paint less often or pay someone to do it less often. Better paint also washes easier when you get a mark on it or when you are washing it during your spring or fall cleaning. 

Please feel free to leave a comment and share your experiences on this topic. 

We don’t buy cheap shoes. I did that as a teenager and I remember how uncomfortable they were and the blisters they gave me. We buy good quality shoes and sneakers. Our feet are important to us.

6 replies on “Ways That Being Too Frugal Can Cost You In The Long Run”

I agree with every word you say! The only used appliance I have bought was my last washing machine. I could not find one reasonably priced that put more than six inches of water in the tub. I called a rental place to buy a new one that they carried that actually filled with water. It had been used "for 18 months by a single mother with a little girl." That story sounded like the little old lady who only drove her car to church. But, the washer had a warranty like it was new. So far, I have no complaints.

My feet make the decision on shoes. My feet hurt and are picky. I buy good purses, too, and get complaints.

I buy used cars, but they last a long time.

This post should be posted everywhere.

Hi AD, this is Chris. Great article today. We do things pretty much like you do. I wanted to mention a few things about clothes, that may help your younger readers who have kids. When our kids were younger, we bought most of their clothes at yard sales, kids resale shops, and were fortunate that some people gave hand me downs occasionally. I especially tried to go to some of the big local sales like church sales, mothers of multiple sales, and other ones like that. I tried to buy good brands. The only things I bought new were shoes, underwear and bathing suits. Young kids grow out of their clothes so fast, that this way of buying them saved us a lot of money.

As the kids got older, it was harder to buy used, so that is when I started buying things at Kohls on deep discount, and would occasionally buy things the same way at other stores. When they stopped growing, I bought them nice coats that would last awhile like from Lands End or LL Bean.

Fast forward to today and I still buy our granddaughter things at yard sales when I can find them, and still do the Kohls deals. I try to buy basic things that I don't pay a lot for that she can wear to day care. This way if something gets ruined, it is not a huge deal.

For hubby and myself, I try to buy slacks and jeans that are good quality and will last for awhile. I buy multiple pairs when they are on a good sale, then don't have to worry about buying any for awhile. For nicer tops and hubby's work shirts, I try to buy on an end of the season clearance. I bought hubby nice black dress shoes when we were first married and have them re-soled. His work shoes, and our tennis shoes we get on deals. I only have a few dress shoes and try to buy in classic styles so they will be in fashion longer. We try to buy coats and jackets from good brands like Columbia, North Face, LL Bean, etc and keep them a long time. My hubby still uses the LL Bean parka I got him in the '80s on the coldest days, and it never went out of style since I bought in a navy blue (dark) color.

There are so many tips to save on clothes, I hope my thoughts will help some of your readers.

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