What is Frugality?
Frugality by the simplest definition implies that you are smart about your money. You aren’t wasteful and you stretch your dollar to the limit. I know for some, the words frugality and frugal have very negative connotations.
- Penny pinchers
Not to me though. Frugality is just being smart with your money. It means never paying full price when you don’t have to. Frugality doesn’t mean that you never do anything fun, or buy anything trendy or that you live in a dump. On the contrary! The more frugal minded you are, the more money you are likely to have in your bank account.