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10 habits of cheapskates you can follow to save money

Frugal people tend to be wealthy people, but that doesn't mean they live extravagantly. In fact, their cheapskate mentality is exactly what helps them get rich and stay that way.
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Drive inexpensive cars
Drive inexpensive cars
ISTOCK

People who are smart about money understand that a car begins to lose its value as soon as it’s driven off the lot, and they refuse to invest a substantial amount of money in a depreciating asset. Instead of plunking down chunks of his massive fortune on sports cars, Facebook founder Mark Zuckerberg drives a Volkswagen hatchback with a manual transmission. And IKEA founder Ingvar Kamprad doesn’t buy cars at all – he uses public transport instead. Some cheapskates have done the math and realised using car services like Uber is even more cost-effective than buying a car.

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