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Notable Notes
What the Internet has to say:
- This article from To Love, Honor, and Vacuum gives a list of 6 things that are not worth being frugal.
What Jen + Jill have to say:
- We like the reasoning for the times when it’s worth spending more: (1) because it might cost you more in the long run to go with the less expensive option or (2) because it will make a tremendous difference in your life!
- Items not worth ‘going cheap’:
- Beds – and we agree! HOWEVER you can still find good secondhand options
- Shoes – YES – sometimes that good, comfortable, long-lasting, versatile shoe is worth the money!
- A few nice outfits – again, we agree – when mixing and matching from the thrift store is not working – spend a little extra on some nice clothes!
- Last minute meals – it’s ok to spend some extra money when time is short! We also recommend meal planning – get a good jump start with our affiliate: Cook Smarts and use code: frugal for 25% off
- Food delivery – we say ‘maybe’ – this all depends on lifestyle and whether this is a good option for you!
- Housekeeping – but we would add, hiring any service that you could technically do yourself. If life circumstances afford for this to be in the budget – it can be economically responsible (Check out Episode 1: Frugality 101 – talked about giving jobs to others)
More from the Internet:
- This article from Wallet Hacks explores 4 common ‘frugal tips’ that actually are not worth it – and can end up costing you more!
More from Jen + Jill:
- We like the what this article had to say about frugality being about mindfulness and making wise decisions with your money rather than just doing everything the cheapest way possible!
- Frugal Tips to Ignore:
- DIY repairs – as the article points out ‘there’s a fine line between money-saving and downright dangerous’ – and may cost more in the long-run if not fixed properly
- Extreme Couponing – we covered this one in our previous episode Couponing for Extra Normal People
- Getting the cheapest (or no) insurance – compare rates instead, negotiate, etc. but have insurance!
- Adhering to a Rice and Beans diet – it’s important to get proper nutrition, so we also recommend not setting up camp here if it’s not necessary!
Bottom line – we’re walking a tight rope – be careful of falling into ‘cheap’ territory
BILL OF THE WEEK – Thank you Lucy for sharing your bill with us!
- If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill
Lightning Round
Special ‘thank you’ to our frugal friends facebook community for your personal tips on when not to be frugal!
Frugal Friends Book Club:
It’s May and we’re reading The Soul of Money by Lynne Twist for our book club!
- If you want a free copy, leave us a review on iTunes or Stitcher, screenshot the review and send it to frugalfriendspodcast@gmail.com. We’ll select the winners at the end of the month.
