What’s a frugal, and how did you lose yours?

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Yea, I know.

The way I ended that last post…..annnnnd the blog address itself, doesn’t exactly mesh with modern English grammar rules. (If you missed my last post you can check it out here.)

How do you go about finding a frugal?

Just give me a minute to give you my take on that:

  1. It’s 2017 and there are only so many ‘.com’ web addresses available that I like, or am creative enough to dream up
  2. Why does the word frugal need to be saddled with some quasi-predefined standard attached to it? Who’s to say my definition of frugal has to live on the same level of spending as yours?
  3. The negative connotation around being frugal is misinformed.

I can promise you that frugal for someone who is making $300k a year is far different than a person who is making $20k. Not to imply I am at either end of the spectrum, so please don’t misinterpret. The family and I fall somewhere in between. My point is, if your normal is champagne and caviar “frugal” might mean a piece of salmon from the local deli and a $10 bottle of white wine.

Frugality done right, isn’t deprivation

The important thing to keep in mind is frugality does not mean depriving yourself. When my wife and I decided to take action against our debt we evaluated exactly where we were spending each dollar. We knew we had to save as much as we could comfortably cut in order to pay off our debts as quickly as possible. That meant questioning every discretionary expense. We cut A LOT! But we haven’t missed any of it. In fact, our lives have become even more enriched, as we get great joy out of seeing the progress we’re making thanks to our reduced spending. Head over to Distilled Dollar for Matt’s take on the role frugality plays in our financial futures.

Part of my journey is fully understanding exactly where my level of frugal falls. That’s the most important aspect here. If we don’t cut out enough, then we aren’t making appropriate progress towards my end goal. If we cut too much, we will inevitably get frustrated and this entire experiment will become unsustainable. Neither of these outcomes are rather enviable goals.

This is just a long winded (my apologies, my wife can sympathize as I have a tendency to do that) way of saying frugality should be considered just as personal as your financial goals, budget or any other aspect of your financial health. Not to mention, I found the name rather catchy.