Until I started blogging, I had no idea that “frugal living” had become a genre of its own. But type in “frugal” on Pinterest and more than 50 subtopics pop-up, everything from frugal apartment to frugal vegan (my favorite was frugal chicken which offered not just pins about cheap chicken recipes but low-cost solutions for chicken farmers).
I haven’t written much about frugal living because I my perspective on what it means to be “frugal” isn’t squeezing every penny until it hurts, but spending money with intention.
What is Frugal Living?
Defining frugal is easy—the dictionary.com definition is “economical in use or expenditure; prudently saving or sparing; not wasteful”—but it is less clear what it means to live frugal. Many frugal living bloggers seem to focus on the first part of the definition: spending less on the things you buy. In my life, this is most relevant to shopping for groceries (Trader Joe’s is my stores of choice).
In all other aspects of my life, I like to think I prioritize the third definition of frugal: not being wasteful. To me, this means I prioritize not buying more than I need instead of spending as little as possible on the things I do buy.
To me, this means I prioritize not buying more than I need over spending as little as possible on the things I do buy.
To be frank, I am just not that interested in spending what little free time I have looking for bargains. Those trips to Trader Joe’s or Aldi? Overall they help me save money because those stores offer lower-priced goods but I’m still going to buy the free range eggs instead of the least expensive option.
Two reasons this works for me are 1) I am not struggling to pay for my daily expenses, and 2) I don’t have kids eating me out of house and home and outgrowing their clothes ever two months [Not-So-Fun Fact: I recently came across this article that reported on data from the National Retirement Risk Index that showed for people in their 50s, each child was associated with a nearly 2% decrease in the likelihood they will be able to maintain their lifestyle in retirement.]
I specifically mention income because I worry people in the frugal blogosphere are so focused on spending less that they don’t prioritize earning more. Getting a $5,000 raise or earning money from a side hustle will likely help me reach my financial goals a lot quicker than buying toilet paper in bulk at Costco.
Me Living Frugal = Buying Less ≠ Bargain Hunting
Minimizing purchases is a relatively new concept for me that grew out of the spending fast I undertook the summer of 2016 (you can read more about it in this guest blog post I wrote for Millennial Money Man: How to Kickstart Your New Year with a Powerful Spending Fast).
In my 20-odd years of being an adult prior to this spending fast, shopping had been one of my favorite ways to pass the time. I would spend hours looking for bargains and just a few seconds justifying purchasing yet another black sweater because “it was such a good deal.” As such, I had accumulated a lot of stuff.
For example, I am brave enough to admit that I currently have around 40 pairs of shoes (this includes everything from flip-flops to hiking boots). That is a lot of shoes. It means I could change shoes every 36 minutes in a 24-hour period of time before I would need to re-wear a pair. That’s sort-of crazy.
I didn’t buy all these shoes at one time, and I have actually gotten rid of a lot of shoes recently to get down to only (only!) 40 pairs. The pair I have had the longest is a pair of lace-up Dr. Martens boots from my study abroad year in England. They have tie-died laces and I will probably keep them until they wheel me into the nursing home.
My newest pair is a pair of black flats bought because I wore through the bottoms of my previous favorite pair.
Even though I can’t recall purchasing the Dr. Martens, I know without a doubt that I didn’t need them when I bought them, and minimizing the number of shoes I owned never entered my head as I handed over my credit card. I bought them because I wanted them and they were something to remember my year in England by.
Flash-forward 20 years and I can not only recall purchasing the flats but know with certainty that I bought them only because I needed them. At $60 were they the least expensive option? Nope. But since I am only buying exactly what I need, I am less concerned about bargain hunting than I am buying a pair of shoes that fit well and will last me a while.
Can a Spender Who Has Become a Saver Go Back to Being a Spender?
As of late, I’m having a really hard time shopping even for things I might need. This would have been completely foreign to the Jenny of 10 years ago, and has me wondering if I have truly become a saver after decades of being a spender.
When I saw this recent post on www.budgetsaresexy.com I was so psyched. In it, J. Money discusses how his wardrobe has gone downhill since he started focusing on spending less because he just doesn’t want to take the time to go shopping. To address the issue, he started an experiment ordering everything online.
While I prefer to shop for clothes in person so I can know they fit, his account did make me feel like less of a freak. I was a spender who is now a saver and is having a hard time going back to being a spender. And I’m not alone!
My Version of Frugal Living
Do you think of intentional spending as living frugal? Let me know below!