Penny pinching, what does it mean to you?
When I was growing up, this practice was carried out by someone who was mean and nasty and who saved money regardless of how much, even saving a penny was high on their agenda.
In recent times saving money has become even more important, especially as there’s not as much of it around as there once was. But does being a miser really save you money in the long run or does it just leave you feeling fed up, deprived and mean?
Recently I read stories of companies trying to save money by only allowing there employees to go to the toilet in their own time, or removing hot food from the canteen menu in the bid to save those pennies. But surely all this will do is leave the employees feeling despondent and angry, possibly leading to industrial action or at the very least an un-motivated work force. Both of which will cost the company more money in the long run.
As far as I can see being a miser has no benefits at all, whereas a leading a frugal lifestyle does. The two practices are totally different and should not be confused.
Being frugal has many benefits and leaves you not only with an overall good feeling about yourself but with extra cash in the bank too without depriving you of life’s little pleasures.
So the next time someone calls you a miser just because you compare prices at the supermarket, smile and take them for a coffee (at home) and bore the pants off them with an explanation of the difference between being frugal and tight. They won’t do it again and you may even convert them to the frugal life too.
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