Don’t get me wrong, being frugal has its benefits. I credit a strong sense of frugality for my ability to eliminate student loan debt or even find the money to start The Frugal Feminista.
As a personal finance philosophy, Frugality will enable you not only to build wealth, but to maintain it. But when taken to the extreme, the practice can make you seem cheap, greedy, and operating with a scarce mindset.
The behavior is straight-up cheap, unacceptable, and predatory. And in the end, you lose a lot more than you save when you exhibit these five extremely frugal ways.
1. You promise a donation or a contribution, but never give it.
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