Finance Magazine

What Does Frugality Mean?

By Kathleen O'Malley @frugalportland

“I’m moving next weekend,” a coworker told me several weeks ago, explaining how hectic things were around her house. “But,” she started, “we’re hiring movers. I guess that’s not very frugal, is it?”

I paused before responding. “No,” I replied, “I think that’s as frugal as you want it to be. To me,” I continued, “frugality is about options. You save enough money, you stay out of debt, then you can decide exactly where your money goes.”

What does frugality mean?
I couldn’t get the thought out of my head. What does frugality mean? Is it always deciding not to buy something? Does it mean choosing the absolute cheapest thing every time you do end up buying something?

I don’t think so.

Anna’s tagline says it best: “saving where we can so we can spend where we want.”

Perfect. You save where you can (and eliminate the things you don’t care about) and you spend consciously on the things you do care about. Or, if you fall in love with someone, you compromise and spend money on the things he cares about too. Like the top-of-the-line cable package.

I live a frugal life, and for me, I can define frugality as the mentality that puts savings first and spends consciously on the rest. Nothing is off limits, as long as it’s conscious.

My frugal life includes:

  • Vacations (though the more we can travel hack those to get free or discounted airfare, the better)
  • Dinners out (getting points on the credit card)
  • Occasional indulgences such as pedicures with girlfriends or lunches out for a special treat
  • A fun wedding
  • A Roomba AND a Vitamix
  • A pet, even though he is trying his hardest to be even more expensive than a puppy mill pet store dog
  • Organic vegetables and humanely-raised meat (this is Portland, after all)
  • A gym membership (with the stipulation that when I stop going, I stop my membership)
  • Hanging out with friends (which is very often dinner at our house or theirs)
  • Saving 50% of my income
  • Owning less

Paula says you can afford anything you want, but you can’t afford everything. What a great mentality. We have finite resources (unless Warren Buffet is reading this, then hello good sir!) and most of us are trading our time for money (except you, Mr. Buffet sir!).

Why not make the most out of it?

I added my tagline to this website earlier this month, in what I’ve promised myself would be the last design update this year.

Save more. Spend consciously. Take Control.

What does frugality mean to you?


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Shilo Sanders- Son Of Deion Sanders Thanks Courts For Allowing Him To Live With...

    Shilo Sanders- Deion Sanders Thanks Courts Allowing Live With Pilar

    ChristianNews Shilo Sanders, the son of NFL Hall of Famer,  Deion Sanders took to twitter to “thank” the courts for allowing him to live with his mother, Pilar... Read more

    The 04 August 2017 by   Firstladyb
    SPIRITUALITY
  • “I Feel Great”

    Feel Great”

    Jakub went to his doctor's office believing that he had a back injury, but returned with a chocking diagnosis instead. He had type 2 diabetes - in spite of... Read more

    The 04 August 2017 by   Dietdoctor
    DIET & WEIGHT
  • July Allotment Recap (2/2)

    July Allotment Recap (2/2)

    Sunday afternoon saw us return bravely to 24a even though there were more thundery showers foretold by the weatherman. I will admit that I guffawed at the... Read more

    The 04 August 2017 by   Chrryblossomtat2
    GARDENING, HOME
  • Culinary Delicacies in Croatia- What to Eat and Drink in Croatia

    Culinary Delicacies Croatia- What Drink Croatia

    In my earlier post, we spoke about how Croatia is a stunning European destination, let us now see what are the culinary delicacies in Croatia or what you can... Read more

    The 04 August 2017 by   Kash Pals
    FOOD & DRINK, A-CLASSER
  • #Golf Training Aids Spotlight: The Delta Putt

    #Golf Training Aids Spotlight: Delta Putt

    Do you consider yourself to be a strong putter or do you feel you could improve your make percentage on the green? Most amateurs could use help with the flat... Read more

    The 04 August 2017 by   Golfforbeginners
    GOLF, SPORTS
  • Three Incredible Hikes in Southern Iceland3 Min Read

    Three Incredible Hikes Southern Iceland3 Read

    Nature takes center stage in Iceland, where there's a stunning view around every bend: massive glaciers, expansive lava fields, powerful waterfalls, black sand... Read more

    The 04 August 2017 by   Healthytravelblog
    TRAVEL
  • What I Wore: Daytime Pajamas

    What Wore: Daytime Pajamas

    Pajama top: ELOQUII (14) | Pajama pants: ELOQUII (14) | Shoes: ASOS (similar) | Earrings: J. Crew ( same in different colors, similar concept in same color) |... Read more

    The 04 August 2017 by   Wardrobeoxygen
    FASHION, SELF EXPRESSION, SHOPPING

Paperblog Hot Topics

Magazines