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, gossip, TV or anything else.
Extreme Cheapskates are slightly-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. They are the kinds of people who are just always thinking about number no matter what situation they are in.. In every conversation, everything winds up coming back to money in their minds.
Now, admittedly, some people might find that completely off-putting. 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 can 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 for the sake of saving a few bucks.
What you really need isn’t another list… it’s a different way of seeing your money in the first place.
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, 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 enjoy that. No really… they actually like it that way!
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 lets them be content, happy, and cash flush.
They’re always thinking about money.
And not in like a creepy way. They understand that every facet of their life involves money and so they know that they had better be making good financial decisions.
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. If they need money tomorrow then they can’t spend today.
They know that if they want to afford a vacation this year, they can’t go out to Starbucks twice a day. These plans are things that anyone can do.
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!Click To Tweet
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!)
Related post: Never Pay Full Price at Restaurants
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!
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- How to Save Money When You Live Paycheck-to-Paycheck
- 7 Ways to Save Money Like a Hippie
- 10 Habits of Highly Frugal People
- Best Money Saving Apps You Need
- Take Imperfect Action When Budgeting
- 10 Reasons Why You Need An Emergency Fund
- You Should NOT Buy Your Dream House
- What to Buy New and Used
- Budgeting Books You NEED to Read
- Save Money Automatically: An Honest Review of Digit
- What Do You Do When You Get Behind on Bills
- How to be a Financially Successful Woman
- Budgeting Allows You to Spend MORE
What’s the best money saving advice that you’ve ever gotten?
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As an experienced cheapskate — and one who is always learning! — this is a great post! Being a cheapskate is determining the priorities for your life and situation and you explain that mindset so well. Thanks for sharing at Busy Monday — featured this week.
These are definitely great things to think about when it comes to saving money. Great read! Thank you for sharing it with us at the #HomeMattersParty this week.