Frugal Living

A Frugal, Thrifty Life for saving Money & enjoying Self-Reliance

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Definitions of being frugal

Frugalness, thriftiness, cheapskating, where do we fit in?

What exactly is being frugal? Due to much media coverage and indeed, Websites like this one, "I'm a very frugal person" has become quite a popular statement nowadays and although I'm sure that the vast majority of people who say that are saying it with truthful conviction.

Certainly those who have downshifted to lower earning have learnt to have a more frugal view of life, but there are many who are earning quite sufficient earnings who enjoy the challenge of living a more simple lifestyle.

So, I would commend these views to you....

1. Frugal because you have to be.

There are many who aren't so well off as others and have to live within their means.
Frugality in this instance though is 'enforced' and not something you may conciously be doing. In this way, someone is simply spending within a given budget, for them it is more a natural thing to do.
In this case I would say that 'thriftiness' is the expertise they have. They know how to trim things down and live on less.
It is these people I believe that we can learn the most from.

2. Being frugal to save.

Most kids are taught to save money if they want something, well most of those in my age bracket were anyway!
So you have a situation where you want a decent Washing Machine, one which is more cost effective to spend more at the financial outlay stage.
You can either get your Credit Card out and finish paying for it after the machine has already worn out, or you can be frugal in other things to enable you to save up and buy it cash.
Again, a great method and one which if followed would bring down thousands of peoples debts accross the land!
So, "Am I frugal" if I do this - I think so.

3. Being frugal 'for fun'

Why not! I've written about the Frugal Fashion where many well off people are following the trend and living what they see as a frugal life. They don't have to and one wonders what they do it for maybe, but they are saving money, usually looking at things with an ethical eye.
The only difference with them is that they don't have to and should we be against that way of thinking.
The big thing to consider here is - are they well off because they're frugal !!

4. Frugalist or Cheapskate

Finally there are those who call themselves frugal but basically just cheapskates. There's a fine line between frugal, thriftiness and cheapskating. The problem with cheapskating is that in most cases, cost effectiveness, value for money and ethical buying is usually lost and this leads to eventual loss of money.

I hope you see where I'm coming from in all this; a frugal for fun person wouldn't dream of selling their car, a frugal to save person would have a car but save for that, a frugal because they have to be person wouldn't think twice about selling their car if their budget didn't allow it and the cheapskate would probably have a car, but change it every year because they brought badly!

Frugal is a very wide subject and can be defined in many ways.

Where do I stand in all of this? Well, I guess it's a bit of each with exception of 'fun'.
One day I want not to have to fetch wood, saw it, clean the fire grate every winter day, I want to come in the door and flick a switch instead! To do that I have to be frugal to save.
In the same manner, I never skimp on my PC stuff, it is important to me and I enjoy it, so I can be quite thrifty in how I achieve buying new items


Whatever it is and wherever you are in the equation, it all adds up to one thing, a sensible and responsible attitude to living a simpler, better and cheaper lifestyle!

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Hi-Fi and TV Cabinet from recycled wood. This saved maybe £30, but it helped save for a decent Fridge. Is that frugal?

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Thrift means that you should always have the best you can possibly afford, when the thing has any reference to your physical and mental health, to your growth in efficiency and power. ~Orison Swett Marden

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If one spends what he should prudently save, that certainly is to be deplored. But if one saves what he should prudently spend, that is not necessarily to be commended. A wise balance between the two is the desired end. Owen Young