There is a predictable progression many of us go through as we make a decision to stop living beyond our means. We get cheap. In fact, some even call us cheapskates—a label that personally I enjoy because it proves that I’m not the person I used to be—a credit-card junkie and a totally whacked out spendthrift.
It didn’t take long for me to adopt a mindset that if cheap was good, then cheaper must be even better. As noble as that thought might see—and it pains me to admit i—that is not always true.
Sometimes the cheapest option ends up costing the most. It’s a wise person who can see the big picture not just the cash outlay on the front end.
Case in point: Our house was in desperate need of paint. Spending thousands of dollars to have it painted made me queasy. So when one of the bids came in much lower than the others, I jumped on it. I figured paint is paint. We’d get the house painted and still have money in the bank. Read more