What Is Frugality? What Are The Best Examples?
think of frugality in terms of (at least) three dimensions: Money, Time and Earth. Zero-sum frugality pits these elements against each other as tradeoffs. But there is also win/win frugality where all the elements are aligned. For example, energy efficient light bulbs:
* Money – less money on replacements and monthly utilities.
* Time – less time at hardware stores and climbing ladders.
* Earth – less burning of fossil fuels to generate electricity.
Very nice example. I do think including time in personal finance discussions makes sense. At times people seem to spend far too long on minimal savings (and/or buy things that break, don’t work well, require extra time to use…), in my opinion.
Related: New Graduates Should Live Frugally – Frugality Versus Better Returns – Too Much Stuff
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