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Are you stingy? - Page 2

post #16 of 27
I'm frugal, but not stingy.
post #17 of 27
I don't mind number 1, however number 2 is very much an evident mindset in America--sort of like the butchers' wives who lock their mid-range rings in a safe.
post #18 of 27
Actually, a house is *not* an investment if you are living in it and plan on continuing to do so. It provides no income and comes with lots of costs. If you invest in real estate, well, that's something else altogether.
post #19 of 27
Quote:
Originally Posted by LA Guy
Actually, a house is *not* an investment if you are living in it and plan on continuing to do so. It provides no income and comes with lots of costs. If you invest in real estate, well, that's something else altogether.

I think everyone who can afford to buy a home(this is a separate discussion) should go and buy one. Instead of giving your money to someone else in the form of rent, you are building equity. You get to write off the interest (a substantial sum over time). Because you have something to lose, you are forced into better personal financial habits. You can borrow money cheaper. Not always, but almost always, the value of your home tends to go up. It is, I think, the most effective ticket to upward social mobility.
post #20 of 27
Quote:
Originally Posted by LA Guy
Actually, a house is *not* an investment if you are living in it and plan on continuing to do so. It provides no income and comes with lots of costs. If you invest in real estate, well, that's something else altogether.
Very important point. It is even less of an investment when you realize that if you sell because you want to move, you likely will just end up plowing more money into the new place. Prices tend to rise together.
post #21 of 27
Quote:
Originally Posted by kennethpollock
Actually, a certain French friend (banned) told me that they are the same.

Well, Ernest was wrong.

Quote:
Originally Posted by redcaimen
Stingy is how you behave toward other people. Frugal is how you behave toward yourself. Stingy is a crummy way to act, frugal is admirable. Its the difference between selfishness and self control.

Well said.
post #22 of 27
Quote:
Originally Posted by StevenRocks
I'm frugal, but not stingy.

i am stingy, and yet not frugal
post #23 of 27
Frugality reminds me of reused paper towels, and dollar store soaps.
post #24 of 27
Quote:
Originally Posted by carlhuber
... soccer moms...

Could someone explain this term?
post #25 of 27
Quote:
Originally Posted by Britalian
Could someone explain this term?

When in doubt, ask Wikipedia: Soccer mom.
post #26 of 27
Quote:
Originally Posted by Quirk
Frugal and relatively generous.

I've known plenty of people whose generosity was made possible by their frugality. A lifetime of saving and wise, judicious spending often results in a fair amount of assets to contribute in one's emeritus years.
post #27 of 27
My goal is to practice fiscal responsiblity and take advantage of every reasonable opportunity to improve my financial situation rather than to be just frugal. That means I'll usually jump at the chance to work extra shifts or extended hours at my job so I can build more money, nearly all of which immediately gets put into my savings. I don't have any particular phobia of spending money on something that I enjoy, but at the same time I minimize what I do spend on (so as to have the most available for my actual spending interests) and never get myself into any sort of debt. This translates into the fact that the only luxuries I spend on are food and clothes, though I still look for deals there (more because luxury clothing and fine dining also tend to be obvious rip offs, and I won't pay more than I think something is worth).

And just since the forum tends to have a preoccupation with a perception of what is "classy" or "gentlemanly," I would add that making a big deal about how other people spend their own money is one behavior that definitely falls on the opposite end of the spectrum from those adjectives.
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