By definition, frugal means:
Economical in use or expenditure; prudently saving or sparing; not wasteful.
In a basic sense, I think most people are frugal to some extent, but clearly there are varying degrees of frugal. Some people will go to great lengths to save as much as possible, while others may only practice frugality on accident. I don’t usually bring up frugality topics on this site since I’m not overly crazy about it, but I know that this is a hot trend right now. I fall somewhere in the middle of the road, and I make a very conscious effort to spend wisely whenever possible, but I certainly won’t go out of my way if the savings is minimal.
Author: Jeremy Vohwinkle
My name is Jeremy Vohwinkle, and I’ve spent a number of years working in the finance industry providing financial advice to regular investors and those participating in employer-sponsored retirement plans.