As a self-proclaimed cheapskate, there are things I do that others won’t. I spend a good deal of time clipping coupons. I try to make things last longer than most people do. I’d rather buy something second hand than new (except underwear!). I even occasionally eat food past its prime.
But there are some things that I just can’t be a cheapskate about. And even if you’re a cheapskate, I hope you’ll take a break from your penny-pinching ways when it comes to these things.
5 Things I Won’t Be a Cheapskate About
1. Medical and Dental Care. If you are sick and you’ve tried some over-the-counter meds (generic, of course) and home remedies and they just aren’t cutting it, just go see a doctor. Make routine dentist visits and physical exams a priority. Those regular visits can be crucial in catching small health concerns before they become big savings account drains or worse.
2. Mattresses. When you are getting a good night’s sleep, the whole world just seems better. Buy the best quality mattress you can afford (the same goes for pillows) and you won’t regret it.
3. Tips. I may be a cheapskate, but I will never be cheap when it comes to leaving tips for restaurant servers, hairstylists and the like. These folks work hard, have to put up with me and my family, and don’t get paid nearly enough, so I make sure to leave a good tip every time. Even if the service is lousy, I still leave something, and instead take up the issue with the person’s manager.
4. Insurance. Don’t skimp on house insurance or life insurance. You do not want to be sifting through the rubble of of what’s left of your home and learn that you don’t have adequate insurance to replace it and your belongings. And if something were to happen to you, you want to make sure that you have adequate life insurance to provide for your spouse and children when you are gone. It’s easy to make yourself insurance poor, so be sure to shop around for the best deals. Sometimes bundling your insurance policies can help you trim your bills. Keeping deductibles high can also lower your premiums.
5. Tires. Expensive isn’t always better when it comes to tires, but sometimes spending a bit more can buy you a little more mileage for your money. Do your homework (Consumer Reports is a great resource you can find at your public library) before you shop for tires, and buy the best you can afford. Your vehicle will get better gas mileage and you’ll have some peace of mind, too.
It’s good to save money, but not at the cost of your health, safety, or well-being. Instead of scrimping all the time, learn to get the most value for the money. You’ll enjoy life more while spending less.
Your turn: Are there things you won’t skimp on?