You know us; we’re always encouraging people to be frugal. It’s our ‘thing’, as it were. There are times though when your good intentions could cause a money-draining fiasco rather than save you pennies.
There’s an old saying ‘buy cheap, buy twice’, meaning that sometimes going for the frugal option can often cost you more in the long run. There are also pitfalls like BOGOF supermarket deals (who hasn’t fallen prey to them from time to time?) and snags in the fine print of vouchers to be wary of.
The best way to avoid falling foul of a false economy is to not be thrifty where it counts to spend a little more. Sometimes being frugal isn’t worth the hassle it may cause in the future. Not that we can see in to the future, we’re just using the power of hindsight.
Find out when being thrifty does more harm than good with our list of frugal fails.