Young woman looking frustrated holding a handful of money

Saving money makes sense, but being too frugal can sometimes cause bigger problems. Cutting back in the wrong areas may lead to higher costs later or create stress you don’t need. Here are ten times when trying to save money ends up costing you more.

Skipping Routine Medical or Dental Care

Woman with handsome doctor
Image Credit: Shutterstock.

Avoiding checkups to save money may seem harmless—until a small issue turns into a major (and expensive) one. Ignoring problems doesn’t make them go away. It usually leads to bigger bills later and more discomfort in the meantime.

💸 Take Back Control of Your Finances in 2025 💸
Get Instant Access to our free mini course
5 DAYS TO A BETTER BUDGET

Buying the Cheapest Option Every Time

Man holding two different items comparing prices in a store aisle
Image Credit: Michael Traitov via Shutterstock.

Sometimes the lowest price means the lowest quality. Whether it’s clothes, shoes, appliances, or tools, cheap items often wear out quickly and need replacing. Spending a bit more upfront can actually save you from buying the same thing over and over.

Putting Off Necessary Repairs

Mechanic putting a new battery into a car
Image Credit: Joe Belanger via Shutterstock.

Waiting to fix a small leak or strange car noise may seem like a good way to save—but it rarely ends well. Small problems usually turn into bigger ones, and the repair bill grows with the delay. Acting early often costs less in the long run.

Driving Long Distances for Slight Savings

Man sliding pennies into his wallet
Image Credit: Gopixa via Deposit Photos.

Chasing a few cents off per gallon or a small sale across town doesn’t always pay off. Gas, time, and wear on your car add up. Unless the savings are significant, you’re likely spending more than you’re saving.

Refusing to Invest in Yourself

Smiling woman sitting on a chair with her legs crossed
Image Credit: Sepy via Deposit Photos.

Refusing to invest in things that could help—like training, software, or support—may end up costing you more in the long run. Growth often requires a little spending upfront. Skipping these tools can make simple tasks harder and slow down your progress.

Avoiding Insurance to Cut Costs

Man flipping through an insurance policy
Image Credit: H_Ko via Shutterstock.

Skipping renters, auto, or health insurance may feel like a budget win—until something goes wrong. One accident, break-in, or health issue can wipe out your savings. Insurance isn’t just an expense—it’s protection that can save your finances in a crisis.

DIY-ing What You Shouldn’t

Woman painting a small table
Image Credit: Ground Picture via Shutterstock.

Doing things yourself can save money—but not always. Some tasks, like electrical work, plumbing, or tax prep, are better left to pros. If you mess up, fixing the damage could cost way more than hiring someone in the first place.

Always Choosing Free Over Quality

Woman struggling to make a purchase decision in the store
Image Credit: Stokkete via Shutterstock.

Free resources are great, but not when they waste your time or give bad results. Whether it’s a janky budgeting app or outdated legal advice, sometimes it pays to spend a little for something that actually works and saves time.

Under-tipping or Skipping Tips Entirely

Person putting money in a tip jar
Image Credit: New Africa via Shutterstock.

Trying to save by stiffing service workers rarely feels good—and it can damage relationships if you’re a regular. Tips are part of the wage structure in many industries. If you can’t afford to tip, it may be worth reconsidering the purchase altogether.

Hoarding Instead of Decluttering

Woman sitting on the ground decluttering her room
Image Credit: Ground Picture via Shutterstock.

Hanging onto things “just in case” or avoiding waste can eventually turn into clutter—and even cost you money if you buy duplicates or lose track of what you have. Selling or donating unused items frees up space and may bring in some extra cash.

Smarter Saving

Young woman putting money in a jar
Image Credit: AndrewLozovyi via Deposit Photos.

Being careful with money is a good habit—but only when it actually helps you in the long run. If your frugal choices cause stress, waste time, or cost more later, it’s time to reassess. Saving money should support your goals, not sabotage them.

17 Things You’re Probably Overpaying for (Without Even Realizing)

Young woman holding a ton of cash
Image Credit: Lightwavemedia via Deposit Photos.

Spending more than necessary is a silent money drain that sneaks into your budget and lingers for months—sometimes years. Overpaying for things like subscriptions you barely use or everyday purchases, small overcharges add up over time, taking away resources you could spend elsewhere. Here are 17 surprising things you may be wasting money on right now—without even realizing it. 17 Things You’re Probably Overpaying for (Without Even Realizing)