Why Everyone Should Be Frugal | The Truth About Frugality

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Everyone should be frugal. I know that's a blanket statement which I usually try to avoid using because we're all different and so are our situations. However, I think frugality has some universal benefits that are worth considering. Today we're going to be talking about those benefits.

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[RandyLy]

In times like these, frugal people are in a way better position than most other people

[birdofpassage]

One who is cheap is concerned about cost. One who is frugal is concerned about value. I always like to say "Cost is arbitrary and value is personal" as a personal mantra when making any financial decision because it forces me to put my own price tag based on my value and justify whether or is worth the difference.

[howellwong]

I have been frugal all my life and what does it gets me, nothing but money to show for it.

[holly]

Another benefit of frugality: When you do go on a shopping spree, you enjoy it more. When one always spends at the budgetary limit, the excitement wears off. But if most of the time you are paying a lot of attention to cost and asking yourself "can I do without that?" then the times when you do say, "screw it, I am buying what I want!" feel a lot better.

[thehustlinhomemaker]

Not carrying any debt is the best way to be frugal! ... Don't waste your money in payments and interest... And save, save SAVE!

[vivettegarciadeister]

Quarantine has been the ultimate test of frugality. Let’s carry this on

[joygatewood]

I enjoy frugality. My grandparents grew up during the Spanish Flu, the Great Depression, and my great uncles served in WWII. They saved and always spoke of the hard times and how lucky we were that we did not have to live through them as they did. We appreciated outdoor picnics, good weather, and hanging out together. Good times - that did not cost a lot - accompanied by real-life stories about the importance of hard work and saving.

[oliviadesign]

The benefits you speak of remind me of what minimalism aims for as well because like frugality, it is about being intentional with your things and spending and this created a happier life.

[boondoggle]

The other two major sources of stress are health and people. Fortunately I’ve been able to work from home throughout this quarantine, so I haven’t had financial stress, and the quarantine has been amazing at eliminating stress from people’s feelings, beliefs, and desire to control people which is played out through politics, law, workplace rules/norms, and various other social rules and norms that come from the imposition of people’s feelings and beliefs, and it’s been incredibly liberating and de-stressing not having that, or having a minimal amount of it, over the past month. Anyway, this was a great video about frugality. It made me realize that I’m pretty frugal.

[cramsa]

I Frugality comes naturally to someone like me because I am use to seeing waste in the USA... I was born in the Caribbean and Caribbean people are much more resourceful people.... I have seen people dump WORKING laptops in a bin and it was only a 2 years old DELL midrange model... it actually makes me physical sick to see this because of the recourses it took just to make the product.

Also after someone like me “has enough stuff, ” it’s just not important to get more and more... that’s why I like quality used things because they tend to be a better value long term.

[kevinsbott]

I have some friends with frugal wives, never have they ever considered getting a divorce!

[kicik]

Started my frugal journey a bit too late. I'm in my late 30s now and saving aggressively. I plan to retire before 50

[redrubberball]

I am 72, retired, have modest income and am debt free. I can survive on 1/3rd of my net retirement income. In this time of financial uncertainty that we're all facing, I'm feeling relatively stress-free, even with the thought that SS and pension benefits could possibly get cut in the future. I can be quite happy with the necessities.
I thoroughly enjoyed this video and
the abundance of reasoned and thoughtful comments! Kudos one and all.

[beautycontis]

Learned a lot from this channel. I used to not handle my money very well because of wants. Now, I'm mindful of my spending and created a budget for early retirement. I'm 30 and I'm planning to retire at 40, doing delayed gratification, being frugal and cutting back unnecesary expenses. Your fan from the Philippines 🇵🇭

[albionicamerican]

A lot of Americans who lived through the Great Depression were tight with their money for the rest of their lives. I know my father was like that.

[josephin]

Frugality is good for the soul I believe. To say "no" to yourself now and then is healthy both for body and soul.

[michaelsmedberg]

I was given "your money or your life" at age 23 nearly thirty years ago...life changing.

[jimmyboy]

Up until a few years ago I was living paycheck to paycheck, and was working a full-time job and a part-time job, all due to debt and poor financial habits. But then I began re-evaluating everything, and I made the decision to cash in some company stocks so I could pay off all my debt. At the same time I began cutting all unnecessary costs, getting rid of unnecessary things (selling whatever I could), and saving a lot more every month. I also moved into a smaller apartment. The amount of stress I got rid of was worth it! And I feel better overall about life. And I'm able to help more people and contribute to causes that I believe in, while still saving money every month. And now I only work the one full-time job, which I really enjoy.


The one thing I still could work on is that I should cook more of my own meals instead of eating out so much. But I enjoy the social aspect of it, and it gets me out of my apartment more often. So maybe it's a worthy trade off; the jury is still out on that one.

[shahrazade]

I am so frugal I was able to spend ten years without an income and lived a middle class life. It really does work. The less you consume, the less you have to work.

[CaseyBurnsInvesting]

What do you want? Your Money or your time. Your Versace or your Vacation? Your time or your toys?
Love the book Your Money or Your Life.