When you are trying to save some money, the chances of looking like a skinflint are very high. As a matter of fact, you surely know a person you consider to be a cheap-ass, despite the fact that all they are trying to do is save some money.
But, what if we told you there is a way to save money without looking cheap? Some actions will make you frugal instead of cheap, which will certainly improve the way people see you.
Here are the top 5 cheap workarounds everyone should know about:
1. Be Open
We know how tempting it can be to agree to things your friends ask you to do or go to, but there is no reason to do something you cannot afford. When this happens, people often feel uncomfortable and even ashamed, and they either spend more money than what they can afford, or make stupid excuses people can look right through.
Even if your excuse looks good when you think about it, your friends may discover your lie later on. If you are on a tighter budget than them, you will probably do this more often. Eventually, your friends will know you are lying to them.
What is the solution?
The solution is to be open about your financials. ‘If you cannot afford a dinner at an expensive restaurant, tell your friends the reason for rejecting their invitation. They will understand and most importantly, will not see you as a cheapskate.’ – explains Jeremy Green, content writer at Aussie writings.
2. Stop Being a Penny Pincher
Good friends are never penny pinchers with each other. Surely, you should pay your friends back when they borrow you money, but you have to stop demanding every single penny you give someone. Instead, go for the relationship we call ‘your treat, my treat’.
This does not mean you should forget about loans, since people may take this into advantage and keep borrowing money without returning them. However, make sure to find some joy in the act of treating your friend with a cup of tea or a coffee. If he is a great friend, he will do the same.
Counting how much your friend spent is also a bad idea. If you are constantly trying to set the record straight and spend as much money as they have, they will see you as a skinflint.
3. Start Spending on the Most Important Things First
Has it ever happened to you that you desperately need a new jacket, but do not have any money left to buy one? Or even worse, have you already spent all your money on unnecessary things and can no longer afford your rent?
You probably chose an apartment with a rent you can afford, so why does this happen to you?
When it comes to spending money, we often make the mistake of purchasing the things that are not our priority, thinking we will still have money for the essentials. If you cannot set your financial priorities straight, it is time to start spending on the most important things first.
What you have left afterwards, you can spend on shopping, or whatever else you find fulfilling.
4. Stop Squabbling Over Two Dollars
You are out to dinner with your friends, and the check comes. Do you insist on paying only your part of the bill because your meal was two dollars cheaper, or your friend ordered one drink more than you did?
If you answered yes, stop doing this! Two dollars will not make you richer, but will only make you look like a skinflint. If you agreed to go to the dinner in the first place, you probably can afford that restaurant. Remember – it is better to tell your friends you cannot afford a place instead of squabbling over a couple of dollars.
In the case that your friend is really taking advantage of this type of bill splitting, let them know. There will be people who will see this as a sign that they can order things that are more expensive and let you pay for them. In such cases, tell the person that you cannot afford to pay for their luxuries.
5. Shop Discount
One of the key differences between a cheap person and a frugal person is their purchases. A cheap person will not buy things because they do not want to spend money. A frugal person will save money by shopping discounts or taking advantage of bulk purchase prices.
If you are cheap, you will never buy anything and people will certainly notice. Being on a low budget is not the same as being cheap, so instead of being a cheapskate, buy smart.
These are the top 5 tips that will help you save some money and keep face with your friends and acquaintances.
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