Thank goodness being frugal is now considered in! Before the recession hit frugal basically meant cheap. Even though the two words are totally different they were very much linked together. You didn’t talk about how you saved money. Instead people talked about what they had and what they just bought. It was about the nice new car sitting in their driveway, the Coach bag slung across their shoulder, and a bunch of other things that people just had to have.
Being frugal has never been a bad thing to me, but it always seemed like other people would be spending their money as fast as possible!
I’ve been frugal as long as I can remember. My family didn’t have a lot of money when I was growing up and they had to be frugal to get by. They taught my sister and me many important lessons that have helped us today.
My parents are now considered middle class, but they still are frugal in many ways. My mother is the ultimate bargain hunter and my father still wears shirts from twenty years ago. Around the house only though.
My sister and I love to tell each other about the great deals we got on on groceries or clothing. We always thought no one else would really understand, but bragging about good deals is even popping up on Facebook! Today it’s cool to brag about how much money you saved on the things you bought. Hopefully this isn’t a trend but will become a part of everyday life. I can see a lot of benefits to being more frugal!
Obviously the best part about being frugal is more money in your pocket! The rate of spending in our consumer driven society really wasn’t sustainable. People were going into deep debt using credit to buy things they never had the money for. Bring frugal doesn’t mean that you don’t get any of the things you want, you just need to plan and save for it. No more instant gratification by just swiping a credit card.
Bargain Hunting Galore
The good thing about the recession and people being more frugal is that there are a ton more sales going on. This also leads to a higher original mark up in the first place and then a “sale” price too. It’s a bargain hunters dream right now but we still need to really make sure it is a bargain. I’ve been seeing a lot more Facebook posts about the deals people got and how to get them.
Bargain hunting used to be thought of as just getting the last dregs of stuff that people wouldn’t even want. Now people compete to see who can get the best deal and brag about it. New Coach bag? Well I got it on clearance for 40% off plus 50% off on top of it. You can be fashionable and frugal at the same time now.
Less In Our Landfills
From a earth-friendly standpoint this is great! Being frugal means that you are a lot more careful of where you spend your money and how you treat what you own. I’m a lot less likely to buy throwaway items than save up for a higher quality product that will last me ten years. If I can fix something that broke, then I’m going to save more money that way than just tossing it and buying something new.
It’s funny but it’s no longer a competition of buying to keep up your status. Instead it’s more who got the best deal. If we can buy something fashionable for a great deal then its a lot more worth it. It’s more about how many coupons and discounts you were able to stack, what the end price was compared to the original, and if the item in question was really something you wanted in the first place. My mother definitely is the queen of getting the best deals ever. I can’t compete with her! Luckily I get to reap the benefits.
What was your best deal so far?
Christine Chiang recently started her blog, The Pursuit of Green, to share how she works to save money and the earth at the same time. She’s an interactive art director by day who branches out in her downtime to writing reviews, crafting, and trying new places to eat.