Do you buy second-hand clothes instead of new? How about waiting to buy that special something until there’s an awesome deal? Dumpster dive? Argue with clerks for a discount? There’s a ton of frugal living tips out there but when does frugal cross the line and you’re just being cheap? Today our roundtable team discusses the five times one blogger says that being frugal goes too far. Plus, we’re performing this episode LIVE on the new Fireside app, so you’ll hear from several members of our live audience, too (we’ve also linked their information below)!
Joining us for this special episode we welcome half of the Frugal Friends podcast duo, Jen Smith. Plus, OG and Paula Pant (Afford Anything) pitch in to make this a wide-ranging, fun conversation with more than several takeaways. We discuss the value of our time as it relates to purchases, the tendency to overconsume when we see a deal, and we’ll all share some great stories about our own frugal living.
Of course, what would a Friday episode be like without our trivia challenge? Diania Merriam (EconoMe Conference) takes over the “Doug” duties today and dishes a great question for our contestants. Enjoy!
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Our Topic: When Being Frugal Becomes Cheap
5 Times When Being Frugal Goes Too Far (The Tex-Mex Mom)
According to this author, these are the 5 times being frugal goes too far:
- When the quality is even cheaper than the cheap price
- When you waste a lot of valuable time
- When you turn into “that” customer
- When you and your spouse disagree
- When you don’t actually need that amazing deal
A big thanks to our contributors! You can check out more links for our guests below.
Another thanks to Jen Smith for joining our contributors this week! Jen is a personal finance author and co-host of Frugal Friends Podcast. The Future of Frugal Summit takes place online, July 19-22. Tickets are free and you can be found at frugallivingsummit.com. Learn more about Jen here.
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
To learn more about Diania and EconoMe, visit her website.
Doug’s Game Show Trivia
- How much did Amazon have in sales in its first week of operation?
Fireside audience guests
A big thanks to our contributors and Fireside audience for talking about frugal living!
Miss our last show? Check it out here: Retiring Early, Teaching Finance, and What’s Up With Commodities?.
Written by: Brooke Miller