Definition of Frugal

Posted By: Dr. Frugal in Frugality on 08/16/2007 at 06:04:05

Frugality is fundamentally a way of living that is simply more responsible. The more responsible you are, the higher the likelyhood that you are in fact frugal. Being frugal isn't about how much money you have saved in the bank or saving old toothbrushes, it's simply being aware of what you have, what you need, and how badly you want the things you don't need.

By my way of thinking there is a huge difference between being frugal and being: cheap, stingy, and miserly. I don't horde money in wads of cash in between my mattresses and I own a flat screen TV. I go out to eat and I tip 20% and enjoy trips to Starbucks. The difference is moderation. The money is in the bank earning interest, I needed a television anyway, and hey, who doesn't like a good cup of joe· The key is really moderation. You never know when life is going to present you with obstacles that require money so if your TV works then why replace it· Is having a slightly less grainy picture of Law & Order really going to improve your life more than taking the chance you won't have enough to pay for an emergency·

Comments

No comments yet. Future commenting has been disabled.

Sections

Budget (33)
Credit (31)
Currency (22)
Economics (86)
Frugality (74)
Loans (42)
Politics (18)
Saving (37)
Taxes (42)

Related:

Things to buy

Frugal Dining

Frugal Housekeeping Follow-Up

Frugal Housekeeping

Save on Gas for your Car


Most Popular

Free Turbo Tax 2018

Most Recent


Feeds


RSS/XML Feed