Ten Things You Gain When You Stop Being Cheap

Reason. Yes, you gain reason. You simply stop thinking that you can get a lot of stuff for free. You stop asking to pay $15 for a five star service. You stop insulting people who ask you to pay for their service and deliver ten times more.

Understanding. You stop caring about the price that you going to pay. Instead, you suddenly start to understand the meaning of value of a product or a service. The more you care about something, the more you are willing to spend. Your understanding of things becomes clear.

Consideration. You stop mooching off people. When you go out with your friends, you stop hoping for them to pay for your drinks or your share of the tip. You, in fact, start paying for your own meals.

Friends. People actually start to like you.

Peace of mind. You stop comparing what your friends have and you do not. You stop running a tab on your family members and their vacations. You finally can sleep at night. You forget what anxiety means.

Appreciation for time. You stop driving around for hours, trying to find cheap gas. You stop standing in lines in front of Chick-fil-A in order to get a free chicken sandwich for a year. In other words, you stop wasting time in order to save a buck or two. Instead, you take your kids sledding.

Quality. You stop hanging on to the junk you’ve stored for years in your garage, and instead you de-clutter, clean and let junk go. Your life becomes more about quality and less about quantity.

Long-term thinking. You stop paying for things that are cheap. You start thinking about future re-selling value and what it means to you. You change you life. You change your thinking. You change yourself.

Generosity. You share. You donate. You volunteer. You contribute.

Respect. People start to think that you have finally got your shit together. And indeed you have.

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30 Responses to “Ten Things You Gain When You Stop Being Cheap”

  1. eemusings says:

    Ha, this is great!!!
    eemusings recently posted..Fitting travel into your life planMy Profile

  2. I’ve never considered myself cheap, (frugal, yes – cheap, no) and when I am with cheap people who verbalize their discomfort with a price or don’t tip, it makes my skin crawl. I agree with all of these!
    Daisy @ Add Vodka recently posted..$1,000 Giveaway – Structured SettlementsMy Profile

  3. Lucille says:

    You’re right about seeking quality…and I love de-cluttering so much that I even got rid of the hubby (who was a huge clutterbug!!)- that was four years ago and my life is sweeter and fresher….and defintely not cheap!!LOL
    Lucille recently posted..Memories, Traditions and RealitiesMy Profile

  4. Ryan says:

    Great stuff! It’s nice to take a short break from the cheap guy mentality I so often have :)

  5. Excellent. You only can be so cheap before it starts to get annoying and just plain pathetic. You can be frugal, but you don’t have to be a cheapa**!
    Grayson @ Debt Roundup recently posted..Should You Consolidate Credit Card Debt?My Profile

  6. Vic says:

    This is soo true. Thanks for the great post.

  7. This is such a great list! I totally laughed at the “Chick-Fil-A” line example; that used to be me, but I realized my time was far more valuable!

  8. Miiockm says:

    Agree completely with everything. Great post.
    Miiockm recently posted..Jan 2013 – Net Worth Update +0.98% Unhappy New YearMy Profile

  9. I really agree that people miss out on time! Once I was traveling in Argentina with friends who were too cheap to go out one night for a $7 steak, to experience Argentine beef. (Totally amazing and worthwhile and they missed out, all for $7).
    Anne @ Unique Gifter recently posted..eBay Savings TipsMy Profile

  10. Vanessa says:

    Wow. I wish that I was still with my ex so that I could print this out to show him. He often wondered why he couldn’t make friends but then would go to restaurants, order a small appetizer and then refuse to pay more than the *exact* cost *to the penny* and only left a 10% tip. He would also talk about all the “deals” he got (aka, the free chicken sandwich) and about how much money he had in the bank and how cheap he was.
    Vanessa recently posted..So Canada’s getting rid of the penny? Big dealMy Profile

  11. Squirrelers says:

    The idea of wasting time to save money is something that is just unfortunate for many. We can often make more money, but can never make more time.

    I actually know a person who supposedly waited in line all night to get free chicken sandwiches for a year. Actually, a very smart guy otherwise who graduated from one of the top universities in the U.S. But I can’t imagine wasting time and potentially health in that way.
    Squirrelers recently posted..Thinking Inside the Box With Personal Finance Can Have ValueMy Profile

    • Aloysa says:

      It always amazes me how people do not understand the value of time vs the value of money. Time is something that you can never get back.

  12. Daniel says:

    When is your post about things you lose when you stop being cheap?

    The top of that list has to be stress! Price comparing and the guilt from spending are super stressful and I could definitely do without them!

  13. Joe says:

    Sorry, you haven’t convinced me. I’m still cheap. :)
    Joe recently posted..Get a head start on your Roth IRA in 2013My Profile

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  19. Kylie Ofiu says:

    This is so true. There is a such a huge difference between being frugal and being cheap. Cheap is just nasty. At the moment I am in a big transition stage, moving house etc and I love getting rid of the ‘cheap’ clutter and am looking at replacing my items one by one with quality that I want, at a good price of course. But no longer do I just go for the cheapest thing,
    Kylie Ofiu recently posted..Fat to FitMy Profile

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