FRUGALITY

cathead

CATWERKS LTD
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Feb 7, 2013
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Yes, I'm guilty of being frugal. Send me off to the Supermax Prison so I can hang out with El Chapo. I think it was @homebrewed's post that
got me thinking along these lines. Anyhow, if one is careful with spending money not in frivolous ways, it's easy to spring for a brand new
lathe or whatever if one wants to. I actually take pride in such behavior. I'm pretty happy with the lathes I own but could just as well have a
new one with tighter tolerances than what I presently run. I just might do that if I get a yen to do so. Cars and trucks are a huge money pit
so I let someone else pay for the new rig,full coverage insurance as well as interest on the loan. I drive a modest pickup truck and have
several older cars that don't cost much to keep. In Minnesota, vehicles are prone to be eaten up by rust from the salt on the roads in the
winter. I have one like that and it owes me nothing, 4WD and in good running condition and it's not likely that someone will steal it.:encourage:

Frugality, let me count the ways. The ways are endless. There are a few things unavoidable though. Taxes come to mind. Utility bills
are pretty much unavoidable. I love to garden. Most of my food is non GMO and organic with no glyphosate residue, a little is pretty much unavoidable.
Heating with wood works for me and keeps me in shape. I heat my domestic water all year around with wood and heat the house and shop
all heating season with wood as well.

I think the best of it all is that I am never strapped for cash and if I want something I can spring for it, if I want to...:encourage:
 
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That's the ticket- pinch pennies so that when you really need or want something you can afford it
Stay away from those evil credit cards (or only have one)
Be a "deadbeat" not a "revolver" (CC companies hate those who pay it off every month or "deadbeats")
They love revolvers
 
I've been frugal my entire life. Bought what I needed not what I wanted. It has served me well, Bought and sold a couple of houses put two kids thru university, ($100,000 after taxes) Gone on several good vacations. Invested money in RRSP.s ( 401K in the USA). I was so concerned that I wouldn't have enough to retire comfortably, I continually saved while working. I'm totally debit free. Well now that I'm retired I have more than enough to enjoy life.
Now I spend on things I want not what I need. Pays to be frugal in your early life, pays off in the end. When I die everything goes to my wife, when she goes the kids inherit everything that's left, more than I ever got.
 
We have three credit cards, two Visa and one for gas. We pay off the balance in full each month. We pay most of our monthly bills by credit card. One Visa card is used for on line purchases and bill payment. The other is used for in-person purchases, including travel expenses. All three cards give cash back, in some instances, up to ten percent but mostly one to three percent.
 
In the last 20 years, my Smithy was the most expensive thing I've purchased.
Most people don't have me beat on "frugal" for individual purchases but I tend to buy a ton of stuff I don't need just because it's cheap.
Also in the last 20 years I've bought 5 motorcycles, 8 or so cars, new appliances, tools, etc but every one (except my dishwasher) was bought on the frugal principal. For instance, my Mercedes didn't even cost me $1000. I sold the minivan I replaced for almost that much.
I could go on and on about the "deals" I make on frugality principles. Buy cheap and use it forever until it dies, or sell it for as much or more than I paid for it.
 
Maybe some of us would be interested in posting a photo or two of something in the frugality category they are
proud of. I'm sure it would be interesting to see some of the ideas out there. :idea:
 
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