The readers of Consumerist and other personal finance blogs sometimes enjoy rounds of competitive frugality. Sure, you can mend your own clothes, make your own coffee at home, re-use plastic bags, change your own oil. But is it possible to take frugality too far, to the point that it harms your life?
The blog Financial Highway rounded up a list of signs that you might be taking your frugality too far. Here are a few highlights:
- You feel isolated.
- You hoard items just because you get a good deal on them.
- You can’t let things go because you might need them someday.
- You compromise your safety.
- Money is all that you talk about.
- You compromise your values and ethics just to save a buck.
Sometimes extreme frugality (or plain old-fashioned cheapness) are necessary in order to survive, such as when you’re unemployed. But most of these signs are more indications that you’re a hoarder, or have another type of psychological problem that can’t be easily solved by a blog post.
17 Signs that Frugality Has Gone Too Far [Financial Highway] (Thanks, Ramis!)