Last night I watched part of a “baby boomer and finances” special on Public Television. Part of the program was dedicated to telling the stories of retirees who grew most of their own food. Read more
Intrigued by that title?
First I will concede that the title of this post – the “dirty” side of frugalism – is literally accurate but somewhat misleading. I’m not offering up celebrity gossip or stories of crime and deceit.
Instead, I’m going to tell you about my visit to the local dry cleaner. But stay with me – it’s relevant. Read more
Mr. ToughMoneyLove has several times mentioned on this blog that he likes to refer to himself as a money strategist, not a frugalist. By that I mean I make sure our long term investment plans are fully funded, that we have adequate cash reserves for emergencies, our debts are eliminated, and our essential costs of living are covered. After that, I pay a lot less attention to spending. Based on recent events, I may need to reconsider things. Read more
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. Read more