15 Surprisingly Cheapskate Habits You Have
Although there’s value in being frugal, sometimes you can take it too far — and for minimal savings at that. Whether you engage in five-finger discounts or take more than your fair share of mints from the communal bowl, at the end of the day you’re simply stealing from business owners and sullying your image.
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Make sure you understand when you’re acting thrifty — and when you’re just being cheap.
The Hotel Heist
Toiletries are among the many free luxuries that frequent travelers enjoy. But frugal folks sometimes cross the line by stealing extra soaps and shampoo bottles to take home. If you have a habit of hitting up the housekeeper’s cart for extra bars of soap, you’re not only scamming the hotel, but you’re also wasting your time. After all, the savings on a sliver of soap are hardly worth writing home about.
Cream, Sugar and Thievery
Whether you’re visiting the local gas station or hanging out in a hip cafe, indulging in all the coffee fixings is one of life’s little pleasures. From creamers to sweet syrups, the flavor options at a coffee bar are far more extensive than the ones found in your kitchen — and they’re a great way to save money on coffee at Starbucks. However, sticking a handful of creamer cups in your purse won’t help pad your wallet in the long run. Moreover, you’ll be selling your dignity for chump change.
The Bad Tipper
There were nearly 2 million jobs for servers in the U.S. in 2021, according to the Bureau of Labor Statistics. The median hourly wage for those workers was approximately $12.50.In light of those numbers, there’s a good chance that the server who brings your meal is depending on tips to pay the bills. Follow proper tipping etiquette when dining out to avoid being a bad tipper. If you can afford to eat out, you can afford to tip.
Lifted Literature
There’s nothing wrong with skimming through that Vogue magazine while you’re at the dentist’s office or scanning newspaper headlines at your local diner. But having access to free periodicals from these businesses doesn’t make it OK for you to stick them in your bag to read at home. Lifting literature such as magazines, books and newspapers saves you less money than just about any other habit that you might try to pass off as frugal living. There’s plenty of online content or materials at your local library that you can read for free.
Freezer Full of Leftovers
We’ve already discussed how much food waste there is, so taking doggy bags home from restaurants or saving leftovers from homecooked meals certainly isn’t a bad thing. But if you’re saving small scraps and odd bits of leftovers in your freezer with the hopes that you’ll someday turn them into a casserole or soup, it may be time to let go. Even if you do cook them up into something, chances are the mishmash won’t taste very good and you’ll end up spending money on takeout.
The Sock Darner
It makes sense to take the time to fix up pricey household items and clothing, but if you’ve darned the same pair of socks more than once, it’s time to toss them. You can buy a six-pack of brand-new socks at Target for $10, which comes out to a little over a buck a pair.
The Mold Magician
Sure, you can make mold “disappear” by cutting the moldy part off a hot dog or scooping out the mold growing on the top of an opened jar of jam — but removing visible mold doesn’t make the product safe to eat. The mold you see on the surface of a food item indicates that the mold’s “roots” have already invaded the item deeply, and in some cases, these molds can contain toxins.
Although some moldy foods are safe to eat if you cut enough around the mold — such as with hard cheeses — many foods are immune to your cheapskate mold disappearing act and are dangerous to eat at the first sign of mold. According to the USDA’s Food Safety and Inspection Service, you should discard luncheon meats, bacon, hot dogs, cooked leftover meat and poultry, cooked casseroles, cooked grains and pasta, soft cheeses, yogurt and sour cream, jams and jellies, soft fruits and vegetables, bread and baked goods, and peanut butter, legumes and nuts as soon as you spot mold.
The Soap Diluter
Almost everyone has added water to their hand soap or dish soap to make use of that last drop you need before you can run to the store to replace it, but if you’ve made such a habit of it that most of your dispensers are filled with half soap and half water, you’re probably a cheapskate. And you’re not doing yourself any favors. Adding water to soap decreases the efficacy of the formula, meaning that it won’t be as effective as it should be. You can buy a bottle of hand soap for $1.25 each at Dollar Tree, which seems well worth the investment.
The Mooch
Are you that friend who always happens to “forget” their wallet when you go out to eat in a group, promising to get the tab next time if someone can cover you? You aren’t fooling anyone — your friends definitely notice your mooching behavior. This might save you a few bucks when you go out to eat, but it could ultimately end up costing you friendships.
The DIY Devotee
There are many things you can learn to DIY from YouTube or an instructional article, like baking a cake or knitting a scarf. But some DIYs are better left to the professionals. This includes many complex home improvement projects, like those that involve electricity or plumbing. Attempting to DIY these projects yourself can easily turn into a major disaster — in extreme cases, causing your home to catch on fire or your bathroom to flood — that will end up costing you much more to fix than it would have to hire a pro in the first place.
The Complainer
If you complain about the price of everything — especially to people who can’t do anything about it — you’re probably a cheapskate. Complaining to the gas station attendant that the price of gas is too high or telling a retail sales associate that the sweater you want is overpriced won’t change anything — it will just make their day a little more unpleasant. Of course, some things that you pay for are worth complaining about if they don’t live up to expectations — say, if you find a piece of hair in your food — but many prices are fixed, so you just have to deal with it or not make the purchase.
The Wi-Fi Bandit
Stealing Wi-Fi from your neighbor is not only a cheap move, but it could also be illegal. Although the laws regarding Wi-Fi are fuzzy because there are no clear federal regulations in place, according to NOLO, some states have prosecuted Wi-Fi thieves. For example, one Florida man was charged a $250 fine for remotely accessing his neighbor’s Wi-Fi, the Rockford Register Star reported. Even if you don’t get prosecuted, it could definitely cause friction with your neighbor if they find out you’ve been using their connection.
The Party Crasher
Many hotels host private events ranging from weddings to conventions — and many of these events have lots of delicious food available to attendees. If you happen to be at a hotel and see that a wedding or other event is going on, it could be tempting to wander in to make yourself a plate, but this is a cheapskate impulse you should not give into. Not only would it be super embarrassing if you get caught, but you also have to realize that somebody did pay for that food, whether it’s the happy couple getting married or the attendees who paid to be at the convention.
The Chronic Clothing Returner
Keeping the tags on and returning a worn item of clothing isn’t being thrifty — it’s being cheap. And if you’re a “serial returner,” you are to blame for the rise in clothing prices, BBC reported. The news channel also found that not all returned clothes can be resold after being worn, with 5% having to be thrown out because they don’t pass a “sniff test.”
“The first check we do is what’s called the sniff test because new clothes smell like new clothes,” Tony Mannix, a member of the Logistics Institute Advisory Board at the University of Hull, told the BBC.
Your practice of returning worn clothes can end up being wasteful. Instead, consider selling the item to a consignment shop if you know you’ll never wear it again. Sure, you’ll get a fraction of what you paid for it, but at least you’re being ethical.
The Regifter
Regifting is a tricky game, but when done right it can be an OK practice. If a friend buys you something you know you’ll never use, but you know that another friend — in a different social circle — would love it, feel free to pass it along. Just never regift something that you have already used. That’s poor gift-giving form.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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