frugal living does not means poor,right?
By leoliu39
@leoliu39 (540)
China
16 responses
@dorannmwin (36392)
• United States
14 Oct 09
The way that I've come to define the frugal living that our family is now living is that we are living within or below our means instead of living outside our means. What this means to us is that at the end of the week we still have money left over. We aren't spending money on things that we can't afford and in the long run it makes us a lot more comfortable than the majority of people. Our goal is to get ahead in life and to have our house paid off by the time that I am 40 and my husband is 45. We bought the house when I was 27 and he was 33 and we are going to be able to do it because we've learned not to be frivelous.
1 person likes this
@randylovesdar (4932)
• United States
17 Jul 10
I wish you the best of luck dorannwin. My husband and I are trying to find ways to make enough money so we can survive. I am trying to look into doing some easy crafts and sell them online. I am supposed to be getting a soap making kit this weekend for my birthday (my birthday is Sunday) and cannot wait to start this project. I figure if I can make a little extra money we can pay off the house in the next ten years it would be a big help.
@Ravenladyj (22902)
• United States
14 Oct 09
Living frugally is NOT the same as being poor...I've been poor..which means you barely have enough to survive if that.....We are currently living frugally..which means we have the money to survive and then some BUT we choose to live sensibly and not to spend money friviously....There is a HUGE difference
1 person likes this
@Laurie1986 (384)
• United States
18 Oct 09
I totally agree with this. Good for you for being responsible! I'm visiting your website right now and I think it's terrific. It's always great to come across someone who understands the value of a dollar, as well as what really matters in life.
@mensab (4200)
• Philippines
14 Oct 09
i agree with you. frugal living does not definitely means living poorly or in poor condition. it means that you are living with your necessities and saving some money for future use. frugal living is a choice. it takes a lot of discipline to do this. some people prefer frugal living because it has something to do with their lifestyle and advocacy. some environmentalists and activists live very simply because they choose to live that way. and i salute them for doing so.
1 person likes this
@puccagirl (7294)
• Israel
21 Oct 10
You put it well. It is actually becoming more and more common these days that people choose to be frugal, even though they do not have to. I am one of these people myself!
@scheng1 (24649)
• Singapore
16 Oct 09
I think the opposite is true. Many poor people find that they need to show off,so that people do not think that they are poor.
Many rich people are so rich and famous that they can afford to live frugally. They spend only when they can charge to business account as entertainment expenses, other than that, they will not spend on unnecessary purchase.
I have a friend who is a millionaire, yet he likes to buy the cheap tin of sardine, cost about a dollar, and eats with porridge. The total cost of the meal hardly exceed a dollar and fifty cent.
@puccagirl (7294)
• Israel
21 Oct 10
Well said, scheng1! I think your statement about many people spending way too much just to impress others is really true. Once you learn to spend for you alone, you have already come a long way!
@Graceekwenx (3160)
• Philippines
14 Oct 09
Frugal living does not mean that one is poor. In times like these, we all need to be practical, think of cost-effective solutions, be thrifty and be disciplined with expenses.
@ShadowofHope2010 (173)
• United States
15 Jan 10
No, of course not. Frugal living is meant to be lived when one is on a tight budget and needs ways to make ends meet. these days, the richest are finding ways to be frugal with every nick and crannies and nickles. check out the book Frugal living for dummies, because I guarantee, you can always live withing your budget.
@peavey (16936)
• United States
18 Oct 09
Heavens, no, frugal living does not mean poor! There are millionaires that live frugally because they know the value of a dollar. I think that's what it's all about - knowing the real value of the money you have and deciding to use it to the best advantage. People who live extravagantly, even though they may seem rich, are very poor. First, they're probably deeply in debt, and secondly, they're using money to fill a need to look good to others, which means they don't have a good opinion of themselves.
@sweetgirl_k1 (3972)
• United States
15 Oct 09
I don't think that living frugal means you are poor. I just think it shows that you know how to save money and have more money in your pocket. If you have more money in your pocket you could pay off bills and then have even more. A lot of families live this way now and I think it's a good thing. If more people would learn to be like this more people would have money and not have to live paycheck to paycheck or have to borrow money to be able to live.
@my_name_is_coco (4333)
• Philippines
18 Oct 09
I don't think frugal living is living poor.frugal living is being practical and spending smart.like me,I can buy new clothes in middle-class fancy boutiques,but I always choose to buy in secondhand and vintage shops.it is not really all about the price for me,but also about the unique finds I can get.some people might accuse me of being a tightwad,but I just love vintage,so I don't care.
@marguicha (223885)
• Chile
18 Oct 09
I like to live like a princess, that why I´m frugal. What I mean to say is that being frugal means taking care not to waste what you can use, not to buy things you don´t need. Usually, if you take care of doing that, you´ll never be poor, even at hard times.
Some people like to live over their means because they thing they are whhat they have. When they have the smallest money problem, they sink.
Happy posting!!
@Sandra1952 (6047)
• Spain
19 Oct 09
To me, frugal living is sensible, responsible, sustainable living. Like many people, I never seem to have enough money. However, my main reasons for living frugally are that I hate to see waste in any form, and so will always find a use for leftover food, packaging or materials. I don't want to see our beautiful planet disappear under a huge mound of rubbish or run out of vital resources, so I recycle everything and am careful with my use of gas, electricity and water. As a bonus, I save some money, but it's not my reason for living frugally, I can assure you.
@LovingLife139 (1504)
• United States
16 Oct 09
Frugal does not mean poor; it usually is a synonym for "financially smart."
My husband and I, between the two of us, make over $40,000 a year, which for many people is simply not enough money. We've been frugal since before we were married, and $40,000 a year is almost too much for us. My husband feels pressured to finish his college degree, but I keep telling him, "Don't be too eager...then we'll have too much money!"
My father, like me, is a real estate investor (although he is into both residential and commerical real estate, while I like residential best). He makes nearly $200,000 a year. Yet, he's the best and most insistent "dumpster diver" I know. His favorite website is CraigsList because you can get tons of perfectly good things for extremely cheap or even free. He only likes to eat out on special occasions because he thinks it's a waste of money. He also follows behind everyone at his house turning off lights and water, etc., that aren't being used. Although he can afford to pay extra on bills and to eat out, etc., he saves resources and money on a consistent basis because he is financially smart. I think this is very admirable of him; many of his successful friends make jokes at his expense, however, because he lives as if he needs to save money. In reality, he doesn't let the money take away his intelligence.
@hellcowboy (7374)
• United States
14 Oct 09
This is a good discussion,and I know that being frugal is important in this economy,since no one has any money,and I do not think that being frugal means someone is poor because no one has any money right now since there are so many people out of work and other terrible things,and I think even rich people can be frugal since frugal just means trying to find cheaper ways to do things,or buyer cheaper things to save money wherever you can which I know me and my wife try to be frugal whenever possible,and my parents do as well and I think everyone should be a little frugal if they are not already doing so,have a great day,good luck with your life,and all of your mylotting goals,and Happy Posting.