Frugal Without a Cause

Frugality is a mostly learned habit. Some of us were raised to live frugally out of necessity, or as a result of being raised by parents who were raised by survivors of the Great Depression.

I’m not ashamed of my frugal ways, but when I look at the big picture, I realize that at this point, I’m like a seriously uncool James Dean. I have neither the jacket nor the hair. A Frugal Without a Cause.

What frugal habits should we drop?

Arrow

At some point, frugality will have largely served its purpose. It helped you get out of debt, to start building a nest egg, and perhaps even attract a life partner with similar ideas about money.

It’s important to distinguish pragmatic frugality from dastardly cheapness. A frugal person might choose not to spend on himself, but is willing to spend more freely on others.

The Difference Between Frugal and Cheap

A cheap person isn’t willing to pay the price of admission, even when the rest of the group wants to go. A frugal person has already scouted out something fun for everyone to do that won’t break the bank.

I still have a mindset that celebrates little money-saving victories, and I don’t think frugality is inhibiting our ability to live a fulfilling life.  While I do try to remind myself it’s alright to loosen up those purse strings.

A Frugal Mindset

SWIPE UP NOW TO READ MORE