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1) Buying promos

Discount coupons, buy-1-take-1 items, zero-percent interest. They’re some of the most attractive offers you often fall for, right? You believe that you’re saving money by buying items and services that cost less than their original price. Well, think again.

Buying promos is not frugality anymore when you do it too frequently than you need to. For example, a coupon says it can slash the price of a prestigious buffet dinner to half. Looks like a great deal, isn’t it? But do you actually need it? Are you going to celebrate something soon or do you just feel like it’s an opportunity missed if you don’t purchase it now? Think carefully.

More often than not, you’ll find yourself spending more—and not saving when you let yourself get overwhelmed by discounts. Again, take a good look at your needs and finances before jumping into a purchase.

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3) Buying cheap

Going for less expensive items and services can save you money. Well, this might not always be true.

For one, a lot of cheap items have failing quality, causing you to buy replacements more frequently.

But there’s also a caveat for buying expensive. Just because it costs more does not mean it’s better than its less expensive counterparts. Believe it or not, some expensive brands don’t really live up to their high-quality promise, and ironically, more affordable commodities can have better quality and serve you well.

So, how can you really save money on this matter? One, find brands (expensive or not) that you can trust. Two, make comparisons. What makes Item A more expensive or cheaper than Item B? Look at the ingredients, size, quality, and the like. Then, decide which option is really worth your money.

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