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Everyday Cheapskate: Mistakes Teach Us What Doesn't Work

Mary Hunt on

Have you made any mistakes lately? Want to talk about it? Most people don't. Can't say that I blame them. It's embarrassing.

And when it's a really dumb mistake, well, that's something you hope to never have to think about again. But doing that's a mistake.

Mistakes are useful because they teach us what doesn't work. But making the same mistake over and over again while expecting different results, well, that's the definition of insanity!

I've accumulated a list of mistakes over many years. It's like a trophy now -- a specific compilation of things that I do not have to do again because I've proved they do not work.

It doesn't work to be in a supermarket without a plan.

Walking into the grocery store without a plan (written list, coupons and cash) is a terrible mistake. I know me. Without my crutches, I am a $200 mistake just waiting to happen. And if I'm hungry? Make that $300.

 

It doesn't work to buy extended warranties on appliances.

Statistically, if an appliance is going to fail, it will do so in the first 90 days (the product comes with a warranty to cover this time frame) or after five years (extended warranties aren't that extended). For the record, a laptop computer is an exception to this mistake. Laptops fail routinely. Trust me.

It doesn't work to lease a car.

And it really doesn't work to roll the shortfall and extra charges at the end of one auto lease into a new auto lease. To have repeated this mistake over and again for no less than 22 years straight (yes, me in my dark financial past) was to come dangerously close to insanity.

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Copyright 2018 Creators Syndicate Inc.
 

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