💰Being cheap is an expensive mistake

read time 2 minutes

Hi there,

There’s a concept I’ve been thinking about a lot lately:
Being cheap usually costs you more in the long run.

For years, I didn’t understand that.
I just wanted to save money right now.
If something came in two versions, one cheaper, one better made, I’d pick the cheaper one every time.

And honestly?
It caught up with me.

I remember buying a shirt that was half the price of the higher-quality one I really wanted. It looked fine for a month… and then it fell apart in the wash. So I bought another one. 

Same thing. Then another.

Meanwhile, the higher-quality option would’ve lasted me years.
Three cheap shirts later, I’d spent more than if I had just invested in the good one from the start.

That’s when the difference between cheap and frugal finally clicked for me.

Cheap is about cutting every cost in the moment, even when it hurts you later.
Frugal is about thinking long-term and making decisions that actually save you money, time, and energy over your lifetime.

You can see this in many parts of your life:

You can buy the cheapest, most processed food option and save a few dollars today, or you can invest a little more in real, quality food and save yourself from expensive health problems later.

Even skipping a doctor’s appointment to “save money” ends up costing more when the issue gets worse.

Over time, I realized something important:
Most things in life aren’t expenses. They’re investments.
Your clothing, health, education, and even your environment.

When you choose quality, you’re choosing longevity.
When you think long-term, you build wealth, not just savings.

If there’s one lesson I wish I’d learned earlier, it’s this:
Stop asking “What’s the cheapest option?”

Start asking “What will cost me less over the next 5 years?”

That mindset shift alone can change your financial future.

Using my affiliate link helps support my team and I to create new content for you every week. Thank you! 

- Milan and Team

VIDEOS YOU MAY HAVE MISSED THIS WEEK

Here are the top videos you loved the most this week. Which one was your favorite?

Milan Singh may earn affiliate commissions from the links mentioned. All recommendations and opinions are Milan’s own. This may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.