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04-22-2016, 09:07 PM
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#81
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Full time employment: Posting here.
Join Date: Dec 2015
Location: Vancouver
Posts: 915
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The answer for the missus is simple. She considers it a game to get great value and spend as little money as possible.
I'm generally not overly frugal but I save because my goal of retiring early. I want to save more than enough for retirement because similar to Marita40, I have this fear of not having enough/running out of money in retirement. Financial security is really important to me too.
One thing that's helped is that I've been giving more scrutiny for "some" of my purchases on whether it will pass the "make my life more enjoyable or more efficient" test.
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04-23-2016, 08:14 AM
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#82
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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I have friends that are retired and rich. They got rich by being frugal. Now they are ridiculous. We tell them to spend their money to make their lives easier. My Scottish roots helped me amass my current stash but now I am determined to enjoy it!
(They have upgraded their wine selections! But they still refuse to pay for above standard accommodations in PV for 6 weeks when they visit. They only have one heir and he is rich on his own.)
__________________
For the fun of it...Keith
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04-23-2016, 10:15 AM
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#83
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Posts: 2,509
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DW beat it into me.
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04-23-2016, 10:18 AM
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#84
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Dryer sheet wannabe
Join Date: Apr 2016
Posts: 18
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Being frugal was a necessity when we were just starting out. Now, it is a habit. Clipping and using coupons for groceries and eating out (which doesn't happen often), growing a garden, planting 'productive' plants for landscaping.
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04-23-2016, 01:17 PM
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#85
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,764
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Taught by parents and learned. As children, we were all required to save a portion of allowances/gift money. When we got jobs in high school, we had to save a portion of our salaries. Some sisters learned to save and others didn't. I am a saver and frugal in a lot of areas but do splurge for vehicles. Top of the line F150 and corvettes, Danmar.
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04-23-2016, 02:28 PM
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#86
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Full time employment: Posting here.
Join Date: Dec 2012
Posts: 656
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I fondly remember my mom saving each paycheck to buy a piece of Ethan Allen furniture (on layaway). Or packing lunch (extra for friends) when mom and dad went golfing. So many little stories, but adds up to dad retiring at 47.
I happily live on $10K/year, but soon at 4% SWR, it will be ~$200K. Thanks to parents for planting the seeds of frugality.
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04-23-2016, 04:08 PM
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#87
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,469
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I haven't been frugal enough for my current reason: the more stuff you have, the more your stuff owns you.
Sent from my iPhone using Early Retirement Forum
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04-23-2016, 10:11 PM
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#88
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Recycles dryer sheets
Join Date: Jul 2013
Location: Cocoa Beach
Posts: 414
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Quote:
Originally Posted by Senator
I have always been a saver. Mostly only purchased what I need. At some point in life, I came to the mentality that a dollar spent now, meant I would have to work for a dollar longer later in life.
Then, I came to think of purchases in "do I want that widget now, or do I want to work xx weeks longer?"
I am frugal because I am do not want to work forever. The reason why I work so hard now, is not because I am a hard worker, it's because I am lazy... At some point (very soon), I no longer want to work.
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+1 (bold is mine).
Fits me to a "T"!
Never had much so never needed much and I am lazy and want to check out of the game as soon as I can.
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04-23-2016, 10:58 PM
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#89
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Recycles dryer sheets
Join Date: Aug 2014
Posts: 94
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My dad and I went fishing for the day's sustenance. It was a good day when we caught enough to feed the family. This taught me at a young age, to use only enough of your resources to keep you alive and store the rest for future use. So I grew up being content with very little and still found maximum joy in life experiences.
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04-23-2016, 11:02 PM
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#90
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Full time employment: Posting here.
Join Date: Apr 2015
Posts: 903
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Quote:
Originally Posted by Lucantes
+1 (bold is mine).
Fits me to a "T"!
Never had much so never needed much and I am lazy and want to check out of the game as soon as I can.
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Lol, I'm pretty lazy too. That said, my savings goals are aimed more towards financial security/independence due to fear of not being able to work once I'm in my 40/50s (health issues, need to take care of parents, etc) or of pension getting cut or needing long term care.
My grandmother only had ~$15K/year combined SS and pension. While that was mostly enough for her to get by, her children had to pitch in for any unbudgeted expenses (e.g. hospital bills, etc). She worries about money quite a bit and I hope not to be in that position once I'm older since I don't plan on having any kids (and even if I did, I wouldn't want them to shoulder that burden).
The tricky part is balancing my goal of financial security with consumption smoothing.
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04-24-2016, 04:54 AM
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#91
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Recycles dryer sheets
Join Date: Dec 2012
Posts: 335
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My parents were children of the Great Depression and they were my greatest influence regarding frugality. Heck, I even turn people's lights out when I visit in their home. Embarrassing sometimes.
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04-24-2016, 06:40 AM
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#92
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,130
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Quote:
Originally Posted by davismills
My parents were children of the Great Depression and they were my greatest influence regarding frugality. Heck, I even turn people's lights out when I visit in their home. Embarrassing sometimes.
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That's funny about the lights.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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04-24-2016, 06:49 AM
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#93
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by davismills
My parents were children of the Great Depression and they were my greatest influence regarding frugality. Heck, I even turn people's lights out when I visit in their home. Embarrassing sometimes.
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Although I avoid turning off lights at other peoples homes, I did inherit the "turn it off when you leave the room" mentality from my parents. Now that we've converted to CFL and LED lighting I'm fully aware it saves very little money, but emotionally unable to resist flipping off that switch...
__________________
Numbers is hard
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04-24-2016, 07:00 AM
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#94
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Full time employment: Posting here.
Join Date: Apr 2016
Location: warren
Posts: 935
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I'd say I was born that way to some extent. My sister is a big spender and has tons of debt, other than a house and car, I've never owed anything.
I'm frugal because I don't want for much. I don't need a fancy car, big house,expensive clothes, newest TV. I don't feel I'm missing anything by not having those things, so it's easy to be frugal.
BTW, I think there's a difference between frugal and cheap (I know some people think I'm cheap). Frugal people just don't like to waste money, cheap people won't spend a dime no matter what. My wife and I take nice vacations every year, we don't care, you have to enjoy life. I'll grab the check if we go out with friends. I spend money on my nieces and nephews. I just don't waste money on things that aren't important to me.
My wife and I live by the saying "We'd rather DO things then have things"
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04-24-2016, 07:16 AM
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#95
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,867
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Parents divorced -
1) we ate but it usually was modest fare - franks and beans
2) didn't always have money for the oil burner
3) always in fear of the next shoe to drop
I wanted to be able to live financially fear free.. I learned it was better then I had hoped.
Sent from my iPad using Early Retirement Forum
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04-24-2016, 07:24 AM
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#96
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,585
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Yup, another one that likes to turn the lights off and close the doors others leave open. I think it's a virtue, but one that does seem to irritate some other humans. It's not the money, it's the sense of easily avoided waste.
We are 5 siblings, our financial habits are different and can't easily be explained by genetics or upbringing. I don't know what it is, but sure am glad that thoughts like "save now", "rainy day" and "what if" have always figured in my decision making.
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04-24-2016, 07:53 AM
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#97
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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Quote:
Originally Posted by MichaelB
Yup, another one that likes to turn the lights off and close the doors others leave open. I think it's a virtue, but one that does seem to irritate some other humans. It's not the money, it's the sense of easily avoided waste.
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+1. Some of my friends shake their heads at me and say 'what do you care, you can afford it (being wasteful).' Not the point at all to me, but I don't preach/argue.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-24-2016, 08:10 AM
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#98
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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Quote:
Originally Posted by garyt
My wife and I live by the saying "We'd rather DO things then have things"
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+1
Build memories and not warehouses!
__________________
For the fun of it...Keith
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04-24-2016, 08:16 AM
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#99
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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Quote:
Originally Posted by splitwdw
I am a saver and frugal in a lot of areas but do splurge for vehicles. Top of the line F150 and corvettes, Danmar.
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Nothing wrong with that if your are fair to DW!
__________________
For the fun of it...Keith
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04-24-2016, 08:28 AM
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#100
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Quote:
Originally Posted by splitwdw
I am a saver and frugal in a lot of areas but do splurge for vehicles. Top of the line F150 and corvettes
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Quote:
Originally Posted by kcowan
Nothing wrong with that if your are fair to DW!
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I would guess that a F150 is for his wife, it's a good passenger vehicle to go to the grocery store with.
He would likely get a F350, Diesel. A real truck (like mine). 2017 coming soon.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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