Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Yes and no. We've had several economic setbacks in the past 5 years, so part of me thinks "All of this frugality and I have nothing to show for it!" But, on the other hand, I live in a very high CoA area, so our finances would have been much worse had we not been so frugal.
Quote:
Originally Posted by techcrium
People often say "You are in your 20s once. Gotta live it while you can"
Is anyone here who is older and WAS frugal at a young age and regrets not splurging more?
Why do you have to choose between living and being frugal? I traveled the world young because I was financially wise and frugal.
Because most people jump to the preconceived notion that you must spend a ton of money to live a good life.
Example: You can spend a week in Paris, London, Munich, or pretty much one European city for maybe $500 per person if you use Credit Card sign-in rewards to buy the roundtrip plane ticket, stay in hostels, and take public transportation.
Quote:
Originally Posted by Pitt Chick
Watch out! I got slammed for saying the same on another post.
People don't seem to get that point....
See my status text.. for every rep point I earned, I've been slammed at least 5x.
And it looks like he's not been back since he dropped a bomb of a post on the board. I'm starting to think people like this feel they are right and really don't want opinions. They just want to fight. Or start a fight.
I know a lot of people who regret the opposite. They were not frugal when young and reached retirement age unable to support themselves, wishing they had saved something instead of blowing it all on goods that wore out and are long gone.
Being frugal does not stop you from having lots of enjoyable life experiences when young. Seriously, I think it is not "being frugal" that makes a dull life. It is that people turn down all their opportunities to have an adventure.
I've had lots of fun experiences in my life, but then, I never turn down an opportunity to have an adventure.
I have been frugal my whole life to-date. I do not regret it one bit. Like others have said, I believe the frugality will provide me with more flexibility in the later years of life.
For people like me, I'm planning to stick around for maybe a couple more decades and with discrimination against older workers, I don't plan on being in a position where I have worry about my finance when my employment opportunities are quite few and when I have health and family issues to worry about.
People often say "You are in your 20s once. Gotta live it while you can"
Is anyone here who is older and WAS frugal at a young age and regrets not splurging more?
I did make some sacrifices, but overall I don't regret it. Now, in my early 40s I've reached the point where even if I lost my job tomorrow, I could probably skip saving for retirement altogether and I'd still be better off than most by retirement age. That gives me a lot of peace of mind.
I also agree that this whole idea of not being able to have a life if you're frugal is mostly nonsense. People are bad at predicting what will make them happy. They never consider the positive impact not being 100% dependent on paid employment will have on their lives.
Because most people jump to the preconceived notion that you must spend a ton of money to live a good life.
^^This^^ Times a million. We've had this message programmed into us since birth, unfortunately.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
