If This is Frugalism, Count Me Out
Being frugal, particularly in times of economic stress, is certainly a common and effective strategy that many use to achieve a financial goal. In my opinion, frugalism should not in itself be a financial goal. Others seem to think that it is. Mr. ToughMoneyLove is learning that when consumers view being frugal as a goal, they sometimes take extreme actions that cause me to question their sanity. Case in point: Steve and Diane Moore of Cookeville, Tennessee.
What kind of life can it be to take frugalism to this degree? Not much of one. The fact that it started nine months ago is also a head scratcher because they can’t blame it on post-traumatic stress disorder brought on by recent events.
The other troublesome aspect of this is that the Moores do not seem to have established a particular financial goal that their hermit behavior is intended to achieve. That’s contrary to my idea of being a money strategist.
What is somewhat ironic and funny is that on the same page of the paper, right above the Ms. Cheap column, is an article about the increasing number of baby boomers who are joining and serving in the Peace Corps. They are not only leaving the house, they are leaving the country. Wouldn’t it be better for everyone if Steve and Diane Moore chose that lifestyle rather than the un-lifestyle they now have? Yep, it would. Someone – maybe a family member – needs to find the Moores a good therapist and send them in a different direction, after first getting them to leave the house.
Now I am really curious. I read a lot of stuff on other blogs about extreme things that frugal people can do to save money. Are people actually doing those extreme things, like the Moore’s have? Is it contagious?