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Are You Frugal?

Here is the dictionary definition of frugal: Careful or sparing in the use of food, goods, etc.; economical.

I don't know that the definition is much help in deciding whether one is frugal, as I consider myself to be. If someone said I'm cheap, I'd bristle at the comment. When I think of cheap, the adage "Penny wise and pound foolish" comes to mind. Frugal can be considered to be the opposite, "Penny foolish and pound wise".

Part of the reason I'm frugal is because I was raised by parents (both still living) who lived through the Great Depression. Another reason is that I have a modest, though adequate, income. Here are a few examples of my own frugality: I own a 1998 car that runs well and has the luxury of leather seats and other appointments. It gets me from point A to point B comfortably and economically. I often buy used items where new items offer no advantage (or even a disadvantage). I buy glasses at Costco because I can't abide paying hundreds of dollars for eyeglasses that go out of fashion and out of focus in a few years.

For some items I will pay what others think extravagant prices, because it is an item that has permanence rather than throwaway value. A case in point is shaving gear. When I made the decision to try DE razor shaving, I bought a quality razor, good soap and a well-made synthetic brush.

Luxury of some sort or other is something that all of us need. I've read many books about survivors of prisoner of war camps, deprivations, and other extreme conditions, and every one has talked about the value of some luxury in the midst of terrible conditions. I remember one story told by a man incarcerated as a prisoner-of-conscience in a Cuban prison, in which one chocolate bar was obtained by the prisoners. The bar was passed around to the prisoners, who each took a flake of chocolate, letting is dissolve luxuriously on his tongue. The chocolate bar made it around to the entire prison.

Hobbies are often luxuries, whether shaving, fountain pens, coin collections, model railroads, art, or any of the innumerable things that give us joy and, for us married men, can make a marriage (happy or unhappy) better as a result.
 
I'm a charter member of Team Cheapskate and proud of it!:lol:

Tim I agree entirely with your very thoughtful post. Frugality seems to come naturally to those of us (like both of us, apparently) whose parents lived through the Depression. "Waste not, want not." was definitely taught to me at a very early age. While things aren't as tight for me now as it was when my parents were growing up, I can't see wasting money needlessly on anything--it just goes against my character.

That said, as Tom & Ray Magliozzi (Click & Clack, the Car Guys on NPR) once said, "Sometimes it's the cheap man who pays the most.", so I temper my frugality with the knowledge that sometimes it's actually cheaper in the long run to buy quality things with timeless appeal and a long life span rather than to buy into our throwaway society.

This is certainly true about our shared hobby--I spend about as much on shave gear now as I did when I was using Mach 3 carts (I always shaved with a brush & cream), but I certainly enjoy my purchases a lot more!:thumbup:

Again, GREAT post!!
 
Being frugal in this economy is a good thing. Then when you do treat yourself to something nice, you will appreciate it all the more. :thumbup:
Being cheap is different: example- someone that does not tip, even when the service is excellent.:ohmy:
 
My parents are frugal, and my brother and I both turned out the same way. I treat myself every once in a while. But I enjoy saving money.
 
Being frugal in this economy is a good thing. Then when you do treat yourself to something nice, you will appreciate it all the more. :thumbup:
Being cheap is different: example- someone that does not tip, even when the service is excellent.:ohmy:


I agree completely that not tipping is cheap. Also thoughtless and demeaning. It is the very nature of many businesses, for example, restaurants, that tips form the basis for a server's pay. A certain tip is expected for the basic service, then an increased amount for superior service. If you can't or won't tip, stay home and eat your own cooking. It is a treat when my wife and I go out to eat, and we tip generously when we do.

For businesses where no tip is expected, a smile and a simple thank you is always appropriate. It seems that many feel that honesty is the right to insult someone by our behavior. You do not have to do everything disagreeable that you have a right to do, including not tipping.
 

Toothpick

Needs milk and a bidet!
i do small things every day to save money, but still mange to live paycheck to paycheck. so i guess not.
 
Frugality seems to come naturally to those of us (like both of us, apparently) whose parents lived through the Depression. "Waste not, want not." was definitely taught to me at a very early age. While things aren't as tight for me now as it was when my parents were growing up, I can't see wasting money needlessly on anything--it just goes against my character.
That said, as Tom & Ray Magliozzi (Click & Clack, the Car Guys on NPR) once said, "Sometimes it's the cheap man who pays the most.", so I temper my frugality with the knowledge that sometimes it's actually cheaper in the long run to buy quality things with timeless appeal and a long life span rather than to buy into our throwaway society.

+1 My parents were children during the Depression. They were careful with their money, and always saved up before buying. I learned from them, and hold on to cars and other things longer than many. Interestingly, my two best razors are from 1957 & 1963, and they were relatively inexpensive in their day, certainly marketed to the general population. Frugal is just being wise, to my way of thinking. Cheap can just be selfish.
 
I'm frugal when I can be, which allows me to be extravagant when I want to be.

Mostly, I try to be an educated consumer. I rarely, if ever, fall for "gotta have" hype. Being frugal doesn't mean being cheap. It means being realistic with yourself. As in, I don't have a Mercedes or a jar of Martin de Candre. I could, and occasionally I might wonder how nice each of them might be, but I still live comfortably without them. I like to keep some powder dry for when a great opportunity might rear its head. :001_smile
 
When you are frugal, you live simply. You enjoy what you have, and when you "splurge" it is a special event. This intern makes you apprieate the splurge more and your everyday life.
 
I buy things that last as I hate to buy things that fall apart and need to be replaced. I have shoes and coats that will be here for 20+ years.

As my wife told me ..You are not a slave to fashion..You get tired of it before it wears out..
 

The Count of Merkur Cristo

B&B's Emperor of Emojis
Frugal while living well is the way to go.
Matt:
I $assioh37nico1.gif that...it's the only way to go! :thumbsup:
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"Simple, frugal living, warms and nourishes the soul". Mrs-M
 
I abso-fruga-lutely care about quality and willing to pay the price if the value is there. I hate throwing away hard earned money
 
I'm not poor, but I'm not rich either. When I buy something that is going to cost a moderate amount of money or more, I do a lot of research and try to buy the best quality product I can afford. The reasoning is that if I buy something based on simply the lowest price, I may have to replace it sooner when it breaks. Sometimes the best quality item is the lowest priced item, sometimes not.

If that's being frugal, then I guess I'm frugal.
 
frugality impacts you , being cheap impacts others -- example : we have friends that set their thermostat to 55 during New England winters & sit in their house with layers of clothing to keep warm , frugality !! when we come to visit for an overnight they don't change a thing , cheap !!!!
 
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