A lot of us bloggers rave about being so frugal and cutting corners all the time, but there comes a time when enough is enough. Just like dieting, you can’t ALWAYS be frugal’ing your way around town. Once overboard, you’ll be sure to jump back in the safety boat soon enough.
Today’s post was inspired by one of my new favorite bloggers, Green I$ The New Black, who posited this very same question: How Frugal is TOO Frugal? And what a most excellent question it is. Like everything we do, it’s all about keeping a good balance. It may not be the easiest thing to do (people usually like to flutter to one extreme or the other), but it’s certainly the smart way to go.
And I’ll be the first one to admit I can def. get hardcore! Some days I can’t find the heart to spend a dime, while others i’m doling it out to all whom ask ;) Luckily, I can get away with it most of the time because of how my budget is set up. Building in categories for “random stuff” & using credit cards def. help out. By the time all is said and done each month, it all usually evens out pretty well. It’s much better to allow room to spend freely as necessary, but at the same time tightening up in other areas.
So I guess my answer of what’s “too frugal” would be when you hold back on buying or doing the things you really enjoy just to save a few bucks. Sure it’s great for the wallet, but guess what – we have a life! No point in hoarding it all if we’re never gonna spend it ;) Then again, I may not be the best example these days…
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.