Category Archives: Frugality

Five Reasons To Stop Being Frugal And Get A Life

This post was inspired by Invest It Wisely and his post Challenging Your Thoughts and Beliefs.

This post was featured as an Editor’s Pick in Carnival of Personal Finance #286.

This post was included in The Best Personal Finance Articles of 2010 by Free From Broke.

I like spending money. There… I said it. I like shopping (if you didn’t know that, read about it here). I like going on vacations even if it means only a two day getaway to some place I’ve never been before. I like eating out with my friends. So, overall I like spending money and I don’t feel guilty about it. Or even worse – I don’t feel like a fool who is parted from her money.

Family Lessons in Frugality

I learned the word “frugality” from my American friend. We were at lunch talking about shopping. She said that she likes good bargains, thinks about herself as “frugal” and doesn’t settle for “cheap.” Even though my English was really good by then, I still didn’t know what “frugal” meant. My friend explained that it meant “spending wisely.”

Lately the life style of being frugal has become somewhat of a phenomena. Everyone is having heated discussions about it. Bloggers passionately write about it. People try to accurately define it. Why being frugal is such a popular notion? Probably because it is very difficult to be frugal in a consumerist culture (read about my financial discoveries in Saving Money Today). Then I thought about my own life experience and decided to compare my Russian definition of frugality with American definition.