10 Frugal Habits To Quit // Bad Money Habits Keeping You Poor

Frugal isn't always best. Here are the frugal habits that can actually be costing you money.

00:26 - Buying cheap
2:52 - DIY repairs
4:09 - Side hustles
5:06 - Making your own clothes
5:48 - Cheap fashion
7:16 - Coupon overuse
7:50 - Buying perishables in bulk
8:18 - Saving pennies by splashing pounds
9:21 - Saving money
10:30 - Forgoing all joy

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[KathyBarnett-mvvg]

I only buy my clothes from charity shops now, I always try and go for quality items and the fact I'm saving them from landfill as well as giving to a charity is a bonus.

[lawrenceweinzimer]

I agree with Vicky wholeheartedly. It's too irrational to be merely penny wise and pound foolish. 💷 We've gotten through the pandemic and all other times which had impeded living. It's not the cost
- no - you must gauge and give weight to the value. Significantly, what do you regularly enjoy that will also assist you to prosper ? Also, don't overbuy, remember the law of diminishing marginal returns. There's a time to save and a time to spend. Use your wisdom with discretion accordingly !

[ashleybooth]

Buy cheap buy twice! Great video thank you 😊

[winterwoodcottage]

You are so right. I'm not wealthy by any stretch of the imagination but i did splurge on really good socks 15 years ago and im afraid i might have to compost them next year. My young daughter is still growing so i don't invest but Walmart socks. Last three washes.

[Bob-]

Very wise words. Thanks for posting this.

[kenyonbissett]

I hear you about the coffee but would suggest a different approach. Coffee is $800 a yr. Buy a machine that makes your favorite coffee and then bank the savings. The machine ($400 or $250 used) will pay for itself within 6mo to a year and the $600 a yr savings afterwards. The savings in a 5% account for 10yrs is $7, 749 and over 20yrs is $20, 373.

Always look for a way to reduce everyday expenses without sacrificing quality.

[frenchfruga]

Back again too, 100% agree in this video, it's all a question of balance
As i told you in my last post, i didn't care about sport bets, but after reflexion and exploring this subject, i realized what could happen with good analysis
2 years ago, i went to my tobacco shop just down from my residence and i saw this : 500 000€ won on scratch game at the end of december 2022, this made me realize that by depriving ourself too much, we could miss out on a huge thing
What would you do if you win a lot ? I like asking this question because it reveals our personality, tell me what you think about it 😉

[johnattrill]

Bank switches have made me more than 2000 GBP over the last year or so

[zzzgrpg]

Frugal living and.... DISHWASHER MACHINE ??? Why on earth anyone might need a very expensive industrial device at home? Dislike, sorry... You're talking about "let them eat cake", not frugality.

[nikkismassagechannel]

I really love your videos! So helpful :) thankyou x