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Frugality: What is it and why should I care?

Thu, 05/28/2015 - 18:36

According to the first hit (now) on Google search frugality means "the quality of being frugal, sparing, thrifty, prudent or economical in the consumption of consumable resources such as food, time or money, and avoiding waste, lavishness or extravagance".

For me frugality stands for freedom and independence. A more down to earth way of explaining frugality is "to create or fix it yourself, don't waste anything and do not buy any stupid crap you don't really want or need". Of course, there is much more to it than just this, but it gives you a basic idea of what it means and most frugal people apply only those aspects of frugality to their daily routine that most suites them.