Being cheap is not free.
You pay the price of being cheap with headache, anxiety, loss of time, loss of focus
You pay by losing respect from others. You can be seen as unreliable when you consistently choose the cheapest option that might fail.
You pay by your health if you choose cheap food, unsafe products, or skipping preventive care.
You pay by buying the thing again if the cheap item broke sooner than you expected.
You pay by losing opportunities for meeting people that would open up desirable career paths.
You pay by losing mental energy that you spent constantly for calculating savings.
You pay by giving up your data and attention span.
You might lose the chance to date the woman that you really like, even though she might be just as frugal as you!
You pay by compromised security and privacy.
The solution is value-based thinking. To assess the value of something, you need to factor in time, stress, and opportunity costs. Also, consider total cost of ownership, not just upfront price.
The world is not a zero-sum game playing field. Just like by being cheap is not free, if you spend money, it can go somewhere meaningful too. The peace of mind that you get from spending more money can make you focus on the right things, resulting in greater work output and income. If you spend more on keeping relationships with family and friends. Your wealth can naturally expand as your money flow to valuable channels and return to you in greater amount.