It doesn’t matter whether there’s inflation or not, cheap people always love finding ways to save money. Maybe the rest of us could learn a thing or two by reading about these 17 things that cheap people rarely spend their money on!
Brand Name Products
Cheap people skip buying brand-name products whenever they can, as they hold onto the fact that many generic products produce the same results as their branded counterparts. They aren’t ever sold by a brand’s name because that doesn’t mean they’re guaranteed a higher-quality product.
Pre-Cut or Pre-Packaged Foods
Cheap people don’t mind preparing their food or even ingredients themselves if it means they get to save money. The convenience that comes with pre-packaged food is simply not enough to convince them to spend extra money on it. CBS says their concerns are valid, as these foods can be marked up by up to 390%!
Eating Out Frequently
They also consider eating out a ‘luxurious’ waste of money, and never a necessity. They prefer to control what they eat, how much nutrition they get, and, more importantly, how much they spend on food by cooking at home. Dining out is reserved for special occasions like birthdays or anniversaries.
Latest Technology
Cheap people will keep using their smart devices until they no longer work. They understand that the latest technologies only come at marked-up prices, with features that aren’t that different from previous generations of tech. They value usability and practicality over trendiness and status.
Expensive Gym Memberships
Why spend on monthly gym subscriptions when you can work out at home or through outdoor activities? This is a question people who love to save some money may ask themselves before abandoning the idea of gym memberships. They prefer free or low-cost exercise options over recurring expenses, as long as they’re able to stay in shape through these alternative methods.
Gourmet Coffee
People who love to save money also opt to brew their coffee at home rather than getting it from expensive coffee shops. To them, the retail markup is totally unjustifiable. And you can agree with them when you consider that, according to CNet, you can save $307 a year on a tall cup of Starbucks coffee by making yours at home.
High-End Clothing
As long as the clothes they wear are durable and function just how they want, these people would never look towards ‘overhyped’ luxury brands. They’ll shop for discount offers, rummage through thrift stores, or head to the nearest sales so that they can get the best value for money.
Premium Cable Packages
For people who love to save money, cable is also simply too expensive. It’s an unnecessary waste of money considering that there are streaming services that give them more control over more content, at cheaper prices. They’ll also choose free entertainment if they get the chance.
Luxury Cars
While every other person sees luxury cars as a status symbol, cheap people see them as a poor financial investment. To them, not only do luxury cars come with a higher asking price, but they have higher maintenance and repair costs as well. Affordable, reliable, and fuel-efficient vehicles are just fine for them.
Organic Food
With organic food, these people don’t have much to complain about. You’ll hear them acknowledge that these foods are healthier for both our health and the environment. But they simply can’t look past their higher costs compared to conventionally grown produce, which helps them save money.
Expensive Vacations
You’ll barely see them go on international vacations either! Cheap people typically prefer to travel locally and will avoid high-cost destinations and accommodations. It doesn’t end here. Before going on a vacation, they also carefully research their options and plan trips to maximize value for money.
Alcohol at Restaurants
From CBC, reporting on research in London, we read that alcohol at restaurants can be marked up by up to 300%, and cheap people understand this all too well. They skip alcohol at outdoor dining settings or will even bring their own bottles of alcohol if the restaurant allows it.
Extended Warranties
Rather than seeing them as a way to keep protection over a product, cheap people see extended warranties as unnecessary expenses that only inflate the cost of their purchases. And their fears may actually be true as extended warranties typically aren’t as good as the manufacturer’s. Cheap people believe that there’s little chance that they’ll need them anyway.
Salon and Spa Services
Self-care for them is all about buying products you can use yourself from the comfort of your home. The extra cost that comes with professional services at salons or spas is seen as unnecessary. When they do consider going to these places, they see it as a non-essential part of their schedule that can always wait.
Expensive Jewelry
Either they spend money on cheap but attractive pieces, or they buy timeless, classic jewelry that can be worn for years and years. Expensive jewelry is simply a luxury that offers no practical benefit to what they wear, and they try not to follow trends when picking a piece.
Frequent Haircuts
Cheap people will also prefer to extend their time between cuts, opt for low-maintenance hairstyles, or trim their hair themselves to save some money. USA Today says a cut could set anyone back an average of $28 for men and $44 for women. And this is a recurring cost they wouldn’t want to build up to a significant sum over time.
Bottled Water
To them, tap water is safe enough for drinking, and bottled water is an avoidable environmental and financial cost. Some don’t even mind putting forward a high-cost investment in a water filtration system, as they have a calculated guarantee that they will save themselves money in the long run.
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