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Are you a Frugal or Cheap spender?

Frugal:

adjective

economical in use or expenditure; prudently saving or sparing; not wasteful: What your office needs is a frugal manager who can save you money without resorting to painful cutbacks.

entailing little expense; requiring few resources; meager; scanty: a frugal meal.

i.e. spending smartly


Cheap:

adjective, cheap·er, cheap·est.

costing very little; relatively low in price; inexpensive: a cheap dress.

costing little labor or trouble: Words are cheap.

charging low prices: a very cheap store.

of little account; of small value; mean; shoddy: cheap conduct; cheap workmanship.

embarrassed; sheepish: He felt cheap about his mistake.

i.e. have regrets and say "you get what you pay for"


And then there are the Stupid spending habits:

adjective, stu·pid·er, stu·pid·est.

lacking ordinary quickness and keenness of mind; dull.

characterized by or proceeding from mental dullness; foolish; senseless: a stupid question.

tediously dull, especially due to lack of meaning or sense; inane; pointless: a stupid party.

annoying or irritating; troublesome: Turn off that stupid radio.

in a state of stupor; stupefied: stupid from fatigue.

You really need to know which one you are before you can move forward and spend appropriately.

Entry 12/20/2020


You may save money on your homeowners insurance

July 17, 2019

Have you recently put a new roof on your home, updated the plumbing or AC, bought new major appliances? Contact your homeowners insurance company and ask them if any of these new purchases will reduce your premium. Think about it, a new roof is unlikely to leak, which means you are less likely to have a claim. New plumbing is less likely to burst, which means you are less likely to have a claim. Even a new garbage disposal or new AC (which can really cause issues when bad) may bring your policy down some. Believe me, working with my long time client (over 16 years) which is a flooring company I've seen all kinds of insurance claims for these sorts of things... AC is a big one.

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