Frugality doesn't mean deprivation

| No Comments | No TrackBacks

Occasionally, I'll encounter the insinuation (or outright assertion) that those intent on frugality live a life of joyless asceticism.

I'll say again. Frugality is about spending your money, time, and energy in ways that are consistent with your values and goals, and avoiding waste. What that looks like is up to you, because only you know what your values and goals are.

For the things that will improve your daily life, for the tools that are important to you, we'll always counsel spending more to get high quality (consistent with what you can afford, and where the point of diminishing returns is for that item, of course.) Make up for it by spending less on the things that don't provide real value to your life.

Is there somewhere in your life where you're dealing with something broken, or half-working? Can you afford to replace it? Then just do it. Do you have a chair or couch that's a pleasure to sit in? Do you have a good bed? Do you have a desk or work space where you can comfortably work? These are things that can actually improve your quality of life.

Being penny-wise and pound-foolish can be just as wasteful as an impulse purchase of something useless, and can create more unhappiness for longer.

No TrackBacks

TrackBack URL:

Leave a comment