Is frugality all it’s cracked up to be? A lifetime of frugality, I have claimed that, Jonathan has written it. Many comments on HD have also made that claim, but is it true?  RDQ

Are we all on the same frugality page?

From what I found, frugal living involves  prioritizing needs over wants, spending less than earned, valuing quality, and embracing resourcefulness like DIY. Common practices include planning meals, buying used items, and seeking discounts.

I read that a cheap person focuses on price and a frugal person on value. Well, that doesn’t make sense. You could spend a lot of money achieving what you value - like a car or a cruise. 😎

I have a friend who lives on Social Security alone, but not out of necessity, just doesn’t like to spend. I think that’s in the cheap category. 

As I read that frugal description, I have not been consistently frugal. We have always lived within our means, never had debt beyond a mortgage or a car payment, but no payments in the last dozen years. We always saved before any spending, but we didn’t buy used items and I certainty don’t do DIY simply because I am incompetent and hate it.  Having an older appliance repaired has limited value IMO. 

I welcome a discount- especially those senior ones these days, but I am not obsessed with seeking them out. We cook most meals, but eat out once a week or so. 

Is frugality voided one splurges on a special experience thereby wiping out years of frugality? I don’t think so. 

The post Is frugality all it’s cracked up to be? A lifetime of frugality, I have claimed that, Jonathan has written it. Many comments on HD have also made that claim, but is it true?  RDQ appeared first on HumbleDollar.

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Published on March 21, 2025 05:05
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