Our Debt Free Family

Commit. Plan. Take action.

  • BUDGETING
  • DEBT REDUCTION
  • INVESTING
  • LIFESTYLE
  • TOOLS
  • ABOUT
  • Privacy Policy
  • CONTACT

Is Being a Penny Pincher Losing You Money?

November 30, 2023 | Leave a Comment

<p>We all know at least one person that takes being "a penny pincher" to a whole new level. The ones that buy the cheapest toilet paper and pull the 2 sheets apart to make 2 rolls or the one that buys paper plates and tries to wash them.</p>::PexelsWe all know at least one person that takes being “a penny pincher” to a whole new level. The ones that buy the cheapest toilet paper and pull the 2 sheets apart to make 2 rolls or the one that buys paper plates and tries to wash them.

I would definitely classify myself as being a penny pincher, but hopefully not to the extreme stated above! (My husband might have a different opinion of this!)  From my experience, I’ve noticed that when one becomes too much of “a penny pincher,” it actually hurts your bottom line more than helps it. Here are some [Read more…]

Filed Under: Budgeting Tagged With: M, Our Debt Free Family

  • Email
  • Facebook
  • Pinterest
  • Twitter

Our Most Popular Articles

ClickCashGo Review: Should You Avoid At All Costs?

Ultimate Guide to Mastering Your Credit Score

The 'YOLO' Mindset is a Dangerous Thing

Dave Ramsey's Financial Peace University Review: Is it Worth the Money?

Cash App Glitch 2025: Is the Free Money Glitch Real?

Five Steps To Debt Freedom

Here are five simple guidlines that will help you pay off debt.  

1) Get an emergency fund so you don’t take on debt when something comes up.

2) List your debts. This way you know where you stand.

3) Use the debt snowball. Pay your debts from smallest to largest, or most expensive to least expensive.

4) Avoid new debt. No new credit cards or loans. Period.

5) Go all cash. After everything is paid off, switch to all cash.

Helpful Resources

U of Tennesse Debt Repayment Plan Basics

Vertex 42's Debt Payoff Calculator

Savingadvice's Helpful Debt Forums

Jackie Becks Debt Blog