Being cheap is not the same as being smart with your money.

The desire to be frugal in retirement is a smart and responsible impulse. After a lifetime of saving, the goal is to make that money last as long as possible. There is a dangerous line, however, where sensible frugality can morph into a counterproductive and even harmful level of cheapness. Some of the most common money-saving strategies can actually backfire, leading to higher future costs and a miserable quality of life.
These are the frugal habits that seem smart on the surface but can ultimately do more harm than good.











