The Cost of Being Too Frugal
Wednesday 6 September, 2017 - 10:27
In Nonprofits: We Must Break Out of the Scrappiness Cycle, Vu Le talks about the extremely frugal nature of most nonprofits. “We are always scrimping, trying to find the best deals, trying to get stuff discounted or preferably free. … It has become a mind-set that is ingrained in all of us. It is our donors’ money! We must save! We must be responsible!”
And while this is true, there are times when frugality actually costs the organisation.