[HartleyMBaldwin]

Six things listed...

[CondoleezzaProtege]

Just wanted to add my 2 cents (LoL no pun intended) ;

Frugal = good. And the things above seem like worth passing up on to a universal degree!

Stingy = bad

_____________

Merriam Webster:

frugal. adjective. fru·​gal ˈfrü-gəl. : careful in spending or using resources.

stingy: not generous : giving, using, or spending as little as possible

[Dilbert San Diego]

It is good to have a household budget. And it is good to track your spending, just as a business tracks spending and compiles monthly financial statements.

Negotiating this if you have a spouse can be difficult. He or she may have his or her own ideas of how to spend money.

And it is good to have line items in the budget for savings. Ideally there will be a line item for retirement savings, and another for general savings.

[Sequoyah101]

That about covers it except for; pay cash, separate want from need.

[Governor Dinwiddie]

The Micawber Principle

The Micawber Principle, derived from Charles Dickens' character Wilkins Micawber in "David Copperfield," is a financial concept that emphasizes the importance of living within one's means.

According to the principle, if your annual income is twenty pounds and your annual expenditure is nineteen pounds and sixpence, the result is happiness; however, if your expenditure is twenty pounds and sixpence, the result is misery.

Annual income twenty pounds, annual expenditure nineteen
pounds nineteen and six, result happiness. Annual income
twenty pounds, annual expenditure twenty pounds ought and
six, result misery."

- Wilkins Micawber in Charles Dickens' David Copperfield

[KrisKrinkle]

Here I sit frugal and I thought I was cheap.

[exDemMom]

Until recently, we were getting the Hello Fresh meal kits at $69 every two weeks for three meals. I canceled that and started making a weekly menu.

We were also ordering on Uber once every one or two weeks.

Now, I try to cook things that we can have for two nights in a row, because I don’t like to cook much. If I can cook enough to freeze for an extra meal, that’s even better.

So far, we’ve spent $50-60 on groceries each week. This week, our weekly groceries were $30.48—and we even had steak.

I figure we’re spending half of what we were spending before.

[rexthecat]

My wife and I are both 80. We buy anything we want if we can afford it.

[know.your.why]

Hookers wasn’t on the list...

[alexander_busek]

- "artwork" by Hunter Biden;

- books by Hillary, Bill, et al.;

- contributions to the DNC.

Regards,

[Irish Eyes]

thanks, interesting

[GaryCrow]

I disagree on the not buying new cars. The last several times I’ve bought vehicles I’ve found that used ones were priced almost as high as I could negotiate for a new one. People seem to think a car increases in value if it’s been driven by them for three years. I’d much rather have a new car with zero miles and a full warranty than a three year old one with 50k miles for $3000 less. The small savings isn’t worth the decreased lifespan.

[MikelTackNailer]

I took a Home Economics course in Junior High that wasn’t about training a housewife - it was home economics.

The teacher simplified it thus:

1.What one wants

2.What one can get by with

3.Consider the middle your target

4.Earn at least 10% more than the middle. That’s for savings, investments and insurance (the Iffys).

5.Save to pay with cash to avoid enriching credit industry

6.You’ll never buy happiness or TIME so adjust values and expectations accordingly.

and whispered “Get a pre-nup”.

[Rocco DiPippo]

Agree on all points. Having no debts is key to a stress free life. Credit cards are the devil's tools. Quick tip: Using online flea markets like Ebay is a great way to save huge amounts of money and still have nice things.

I use an online outfit here in Italy called "Vinted," where you can buy mostly clothes for pennies on the dollar. Just nabbed two pairs of almost new Levis, two beautiful designer wool suits,a summer linensuit and a gorgeous, vintage leather jacket - all in perfect condition - for a grand total of. . . $90.

I almost never buy new things, and I never buy on credit. If I don't have the cash, I don't buy it. Very nice waking up every day without the Debt Sword hanging over my head. It equals Freedom.

[MachIV]

I have not purchased a brand new vehicle since 1993 and even then that car was a demo with 2,300 miles on it. I only buy old used cars for as near to cash as possible having never paid more than $13K for any vehicle and if it is not a Honda or Toyota.......screw it.

[Psalm 73]

Leaned heavily into those six points when we went to a one-paycheck family about 23 years ago.

Even after promotions and hefty raises over the years, I stayed the frugal course. A much easier way to live.

[af_vet_1981]

Incorrect; frugal people do spend money on:
1. - Brand New Vehicles -- Buy and hold for 10+ years
2. - Expensive Coffees and Daily Takeouts -- On vacation
3. - Extended Warranties and Unnecessary Insurance -- All insurance and extended warranties are unnecessary until one needs it; one can be selective
4. - Latest Tech Gadgets -- Again, unless one needs it
5. - High-End Clothing Brands -- Quality costs money; I would rather have high quality/end brands for high adventure treks than dreck that fails me
6. - Trendy Diets and Fitness Fads -- If it helps without harm, use it, don't be proud; "If you don't want it, give it back"

[Political Junkie Too]

For me, being frugal is a means to an end, but not the end itself.

Once frugality leads to wealth (through decades of compounding the savings), then it's time to enjoy the spoils.

Otherwise, why bother in the first place?

-PJ

[Libloather]

Hand sammiches - page 82 -

[sauropod]

Bkmk