12 Things To Do When You Have a Crippling Addiction to Frugality

Do you have a crippling activation to frugality? It can happen. A Reddit user offers a good illustration concerning this in his post;

The OP says that most of his friends know that he is fairly cheap, but no one knows the extent to which he takes it. He wears the same clothes he owned back in high school almost a decade ago and drives the same car he bought seven years ago. He does not insure the car because he wants to save money.

His Budget

Headshot of goofy surprised bug-eyed young dark-skinned man student wearing casual grey t-shirt staring at camera with shocked look.
Image Credit: Cast Of Thousands/Shutterstock,

He makes $2000 pm, spends $500 on utilities, and saves the rest. He saves exactly $1400 and spends $100 on gas, food, and entertainment. Sometimes, he never spends the $100

He lives on $100 monthly, eating rice and beans, soups, and ketchup packets. He eats one meal a day and goes to his friends over the weekend for food and entertainment. He never chips in for anything in that group. Sometimes, he steals food from the fridge the house shares, and at work, he takes any food that hasn’t been used for more than two days.

He has about $35000 in cash and cannot bring himself to spend anything. He says frugality is a game to see how much he can have at the end of the month. He realizes his frugality is crippling, but that is all he knows.

Other Reddit users reacted to this post, with many rebuking him for his lifestyle and others offering actionable advice on how he can live a better life. Here are some of the best tips from other Reddit users on what to do when you have a crippling addiction to frugality, as the OP had;

Give Back a Bit

Dollars. A young man close-up in a blue shirt on a yellow background, gives or takes money. Holds money in hands.
Image Credit: file404/Shutterstock.

“That’s not good. There’s a line between frugality and selfishness. I recommend you start giving back. Get extra free stuff with your coupons and donate it to a charity like a Soup Kitchen. Put aside 5-10% of your extra money for charity. THEN save the rest. It will make you feel better about yourself, I promise,” advised one user

Force Yourself To Buy Something

online shopping.
Image Credit: Kaspars Grinvalds/Shutterstock.

Buy something fun for yourself, “Then, force yourself to buy little things for yourself, fun things. Take yourself to the movies (discount movies to make it easier 😀 ). Buy a fun toy you want. Travel. I can PROMISE you that a week after you spend that money, you will no longer think about it. I broke this addiction by spending on travel. The memories I created were so wonderful that I never thought about the money spent.”

You Can Have the Best of Both Worlds

man wearing red tshirt looking upset
Image Credit: vova130555@gmail.com via DepositPhotos.com.

You can be frugal without missing out; as one user points out, “YOu CAN have the best of both worlds. I am still very cheap; for example, I still live with my 6 roomies because I love them. 😀 I still cook all the food at home and manage less than $50 a month on groceries. But I spend, especially when it is necessary. I splurge, and I help others. I travel.”

Eat Healthy

Blurred and happy brunette woman holding paper bag with groceries with red pepper in focus.
Image Credit: IgorVetushko via DepositPhotos.com.

Your health matters, “Buy healthy food. You can do this in bulk at Costco. This can fit into your frugality.”

Invest Your Money

Handsome young man with phone and money in pocket
Image Credit: luislouro via DepositPhotos.com.

“Invest some of your money. You have $35k, which is great. You could live, on your expenses, for 6 years with that if you had to. Take a portion of your savings from here out and get it into the stock market on a monthly basis. Also, shop around for a better interest rate on your $35k stash,” advises another user.

Do Not Be the Richest Person in the Cemetery

Photo portrait of mature handsome man arguing irritated face annoyed raise palm wear trendy green garment isolated on blue color background.
Image Credit: Roman Samborskyi/Shutterstock.

Be frugal but avoid dying without having lived, “Sounds like you’re safe from debt, but be wary of ending up as the richest person in your local cemetery.”

Budget Your Time and Money Around Some Goals

funny guy holding money
Image Credit: SuperStock2018 via DepositPhotos.com.

Spend money on two important goals, “I wonder if you couldn’t just dream up a couple of goals, and budget your time and money for them, then act on them. You know, like a place to travel to, or learning to play an instrument or something. Make it a game.”

Do Not Hoard

Greedy young man hiding money on light blue background.
Image Credit: New Africa/Shutterstock.

Instead of hoarding, consider investing, “The moral of the story: safety comes from investing in yourself, not hoarding money. Sure, it can give you advantages, but unless you’re fantastically wealthy (35K is a pittance in the grand scheme of things), going crazy over it like you are is not worth it,” says another person.

Go Outdoors

couple hiking in forest
Image Credit: Maridav via DepositPhotos.com.

You do not need to spend much when you are in nature, “Do you enjoy hiking, rock climbing, and camping? Invest in yourself, your physical abilities first, your cognitive abilities second. You cannot have a healthy mind without a healthy body. It took me 7 to figure that out.”

12 Frugal Hacks That Make All The Difference

Portrait Of A Mature Woman Smiling.
Image Credit: Nadino/Shutterstock.

A Reddit user who started the frugal journey with his wife a couple of years ago wanted to know the frugal hacks people had that made all the difference.

According to the OP, shopping grocery sales every week and planning their meals helped cut their bill from $250 to $100 per week. Other users shared their stories about frugal hacks they had that made some difference in their lives. Here are some of the best ones.

12 Frugal Hacks That Make All The Difference 

12 Items Frugal People Proudly Exclude From Their Shopping List

Old Man in a hat as a cowboy.
Image Credit: Thomas Mucha/Shutterstock.

Frugal people are known to spend their money wisely. They live within their means and don’t spend a lot of money. According to a thread on Quora, here are some common things frugal people never buy.

12 Items Frugal People Proudly Exclude from Their Shopping List

23 Side Hustles You Never Considered That Make More Than Your 9 to 5

woman warrior. woman holding sword
Image Credit: Avrora-Andrey via DepositPhotos.com.

Have you ever wanted to make a lot of money from a side hustle and quit your 9 to 5? You may know about the typical side hustles, but I bet you never even heard of these lucrative side hustles!

23 Side Hustles You Never Considered That Make More Than Your 9 to 5

9 So-Called “Frugal” Habits That Are Actually a Waste of Time and Money

woman laying under knitted blanket
Image Credit: serezniy via DepositPhotos.com.

Not everything is frugal! I am sure you have read articles and tips that promote frugal living and give some ideas that are just not frugal! These frugal myths float around and sometimes even cost people a lot of money!

9 So-Called “Frugal” Habits That Are Actually a Waste of Time and Money

10 Stupid Scams People Won’t Stop Falling For

Doctor in corruption concept with being offered bribe.
Image Credit: Elnur/Shutterstock.

It seems like every day there is a new scam popping up, promising to make you rich or solve all of your problems. Yet, despite the prevalence of scams and the numerous warnings about them, people still fall for them.

10 Stupid Scams People Won’t Stop Falling For

 

 

This article was produced and syndicated by A Dime Saved.

Source