Money Saving Hacks from an Extreme Cheapskate – What makes someone an extreme cheapskate? Learn the best tips to take your finances to the next level!
Ever wonder what makes an Extreme Cheapskate the way that they are?
An extreme Cheapskate is somebody who will do almost anything to save money. They are the kinds of people who would rather talk about finances then talk about sports or gossip or TV or anything else.
Extreme Cheapskates are more fanatical people when it comes to saving money. They will come up with ways that you have never thought of in your wildest dreams to save money. There are the kinds of people who are just inherently financially minded. Every conversation everything winds up coming back to money.
Now, admittedly, some people might find that completely off-putting. I arrived when I am around other people who are Extreme Cheapskates. Some of the best advice about how to save and Be Frugal but I ever learned I learned off of the TLC show Extreme Cheapskates.
Sometimes, talking to an extreme Cheapskate can be almost as intolerable as being around somebody who talks baseball all the time. It gets really old if you’re not into it.
But unlike with sports, Extreme Cheapskates and teach something new to everybody. We’re not all going to be involved in playing baseball at some point in our lives. But we are all going to be involved with money. One way or another, like it or not, you are going to have to deal with money at some point in your life.Click To Tweet
And, more likely than not, you’re going to be struggling with money at some point your life. That’s why we all need an extreme Cheapskate to help show us weird and different ways that they use to save money.
No, this is not going to be a post about how you need to stop using toilet paper. (I draw the line there. I need toilet paper my house!) This is about a mindset change.
There’s only so much that you can do to save money in your life. There are only so many things that you can cut out. I’m pretty sure that if I see another post about how I need to cut out cable or start using coupons at the grocery store like an extreme couponer I’m going to lose my mind.
In reality, the most beneficial thing isn’t necessarily a list of things to cut out… but a mindset change. A change in the way that you look at money and finances.
With that in mind here are the best money-saving hacks from an Extreme Cheapskate.
Extreme Cheapskates are budgeting control freaks.
They know exactly how much money they have in their checking account and their savings account and any other place that they keep their money at any given time. Extreme cheapskates live by a very strict budget and they genuinely enjoy that.
They are not comparing themselves to everyone around them.
So many people are always trying to keep up with the Joneses. Not Extreme Cheapskates! They are just as happy with everything they have as they possibly could be. They aren’t trying to keep up with anybody. this left them be content, happy, and cash flush.
They’re always thinking about money.
And not in like a creepy way. In an “every facet of my life involves money and so I had better be making good financial decisions” kind of way. they are aware that the world revolves around the use of money. And instead of fixating on getting more stuff, they are thinking about how to be financially sound and an unsound world.
They are always planning ahead.
They know that the money decisions they make today will have an impact on tomorrow and on down the line. When an Extreme Cheapskate gets into a car, they will know exactly what they need to do that day, the evening, and everything else in between.
They’re always thinking of the big picture.
Extreme Cheapskates are much more likely to be thinking long-term about their finances then somebody who isn’t an Extreme Cheapskate. They are using their money now to make sure that they have a secure future as they get older.
Even thinking much more short-term than planning for retirement, Extreme Cheapskates will not buy something if it doesn’t fit into their long-term plan. Thinking about the big picture helps curb the desire for impulse purchases. It really helps to keep everything in perspective when you start asking yourself the questions like “will I like this decision tomorrow?” or “do I really need this?” or “will I be glad that I bought this next week?”
Extreme Cheapskates buy everything that they possibly can “used.”
I have never met an extreme Cheapskate who hasn’t bought a vast majority of their wardrobe or home furnishings at a thrift store or at Goodwill. That’s because they understand the value that comes along with buying used.
Remember, they’re not trying to keep up with the Joneses here. They’re making these decisions based on what is best for them and for their budgets. If you have to make a large purchase buying used is the best possible option. While some people will brag about how expensive their clothes are, Extreme Cheapskates will brag about how cheap their clothes were!
Extreme Cheapskates are always looking for coupons and deals!
This goes along with the concept of not pay full retail price for something. They know that there are discounts available out there. You might have to wait a few days or weeks or months, but the deals are out there.
They will never go to a restaurant without a coupon. Extreme Cheapskates are the most likely people to say “I have a coupon for that!” at the checkout counter.
(This isn’t their way of being a jerk. Some people for whatever reason feel like using coupons at restaurants especially is rude. But that’s what they’re there for!)
They know the value of time and presence instead of gifts and presents.
Extreme Cheapskates are the kinds of people who will be infinitely more excited to spend time with somebody or to have a special day together than they would be excited to spend a fortune on a birthday. Extreme Cheapskates put a much higher value on spending time with people than they do on simply buying something. they know that if money weren’t an object, the thing that is the most important is still being around people who matter.
If you remember nothing else from this post, remember that people won’t remember what you got them, they will remember how it made them feel. They will remember the experiences and the fun that was had. Extreme Cheapskates know that the best gifts can’t be bought. They have to be experienced. (And that isn’t a cop-out for just being too cheap to spend money on a gift!)
If you’re ever struggling with your finances, these money saving hacks from an extreme cheapskate will help to kick you into gear.
You don’t need to live under a rock in order to live frugally. It’s all about changing your mindset when it comes to money. With a little bit of tweaking to your mindset, you can absolutely get in control of your money!
What’s the best money saving advice that you’ve ever gotten?
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