Though much of social media and pop culture still encourages people to spend big and spend often, there’s also a strong undercurrent of influencers and experts whose platforms promote extreme frugality. Sometimes their advice echoes what you might have heard from well-meaning parents and grandparents about how to live thriftily.
But not all frugal advice actually helps you build wealth. When being frugal goes wrong, or is applied in the wrong places, you could end up wasting your time and, in some cases, costing yourself more money in the long run.
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