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5 Things You Shouldn’t Be a Cheapskate About


I’m all for saving money. In fact, cutting my budget and spending is the first thing I did so I could start putting more money toward debt each month. Of course, I quickly learned that I needed help on the other side of the equation too, thus I started a side hustle that eventually lead me to full-time self employment. But that’s something I’ve talked about already.

As much as I cut my budget, there are still something I knew I couldn’t be a cheapskate about. There are times that being a cheapskate ends up backfiring and actually costing you more money in the long run due to the low quality of cheap products and services.

In my opinion, it’s best to find a balance between quality and quantity of what you choose to buy.

That said, here 5 things you shouldn’t be cheapskate about if you really want to save money.


Last weekend I started getting sick. That’s why I missed putting my post up on the blog last Monday. As I lay in bed moaning about the pressure in my head from my allergies and a sinus infection, I realized that not having sick leave and still having to deal with deadlines and work while sick is definitely a huge downfall of being self-employed.

I decided not to be a cheapskate about my healthcare, so I went to the doctor, paid my co-pay, and did everything she recommended.

Your health is not something to play around with or try to be cheap with. Your health is everything. Without your health you can’t work, you can’t enjoy time with your loved ones, or anything else.

Business Equipment

I went cheap when I bought a new laptop to use for my freelance business in September 2014. I had my reasons for doing so, mainly because money was tight and I hadn’t started earning that much with my business (yet). However, now that I’ve had my laptop for about 1.5 years I can really tell that it pays to buy high quality. My keys are wearing out and I’m starting to experience other problems with my computer as well. Luckily, I have already ordered a new, higher quality computer for my business – a MacBook Pro. It didn’t come cheap but it should last me far longer and serve my needs far better than the $350 laptop I’m using now.

Another example – internet. I use the internet constantly in my business, so being cheap about internet is not an option. I have a decent plan now, but I’m thinking about upgrading so I can have faster upload speed now that I’ve started podcasting and the audio files I’m working with take forever to upload.


I used to be so cheap about shoes because I wanted to have shoes of every color and style under the sun. Now that I’ve gotten older and wiser, I’ve realized that having fewer shoes of higher quality if definitely the way to go. You need to take care of your feet, which means buying good shoes that fit well without pinching, squishing, etc. Foot problems are not something to mess around with, so buying good shoes is a must.

Mattresses and Box Springs

Although there are some good deals to be had on mattresses and box springs now and then, you should still avoid buying the cheapest set you can find. A good mattress will last you 10 years or more, but a cheap one will last far less time before you begin feeling like you are sleeping on a lumpy bag of rocks.

As another way to think about it, consider the fact that you spend nearly 1/3 of your day in bed. Wouldn’t it better to spend a bit more for a nice one? Plus a good quality better leads to better sleep, which also helps your health.


Finding a middle ground when it comes to clothing is probably best. You don’t really need to spend hundreds of dollars on one outfit unless you plan to wear it almost constantly.

When it comes to clothing, I’ve found that moderately priced clothing is sufficient for my use. Cheap clothing wears out quickly and needs replaced often. Sure, you can have far more clothing choices when you opt for cheap clothes, but most of us only wear a small fraction of our clothes anyway, so wouldn’t it better to have fewer but higher quality items that we actually wear?

Can you think of anything else you shouldn’t be a cheapskate about?

About Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.


  1. I need to start buying better quality shoes. I’m just not used to the high price tag for anything related to fashion, so it will take some getting used to. I need to look at it as less about fashion and more about function and quality. Great list!

  2. Food. I shouldn’t be a cheapskate when it comes to food. Meal planning is just helping me out in saving money and in being healthier.

  3. I totally agree with not going cheap when it comes to mattresses. We spend 1/3 of our life sleeping and I know that I need good sleep to be able to function the next day!

  4. I agree with you, Kayla, especially on shoes. All of my shoes are quality ones because they can last for years compared with other cheap shoes that can only last for a few months. Quality versus quantity.

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