Shopping mall by shelhamer5 @ Flickr.com
It’s been a few weeks since I’ve read anything about frugality. Call it a self imposed sabitical. Today, my sabitical ended. Occasionally, when I want to see what the world is saying about frugality, I’ll type the word “frugality” into Google and see what happens. Usually I’ll just close it out. There are usually over 100,000 responses. Today was no exception. There were 167,000 different responses. So I randomly picked different sites on different pages to look at. Several in particular caught my eye and will be in future posts.
Credit Cards by classyshots
U. S. News & World Report declared the end of credit card consumerism. “…there is an anti-bling thing going on,” says Marian Salzman, chief marketing officer of Porter Novelli.
Is “bling” that important? Fast cars, big houses, huge credit lines. At some point and time, one of three things has to happen. It all has to be paid for, one walks completely away from debt, ignoring it and destroying their credit, or one declares bankruptcy, which destroys your credit for a time.
Having declared bankruptcy in the past, I can tell you it’s no fun. It’s a label that will be there for the rest of my life because on every application for everything from jobs to houses, they ask “Have you ever declared bankruptcy?” This was the result of my ex-hubby and my quest for “bling”. It’s not worth it!!! I’d rather live frugal any day of the week.
Money by Tracy O
Scott Hoyt, senior director of consumer economics at Moody’s Economy.com says, “There’s no source of funding for spending.”
There’s no source of money for over-spending. Frugal people know how to take the money they have and have a shopping trip. They know where to find the deals, they know the value of a dollar, and they know how to use money wisely.
In the same article, the following comment was made. “The process of bringing our wants and our needs into realignment,” says Merrill Lynch economist David Rosenberg, “is going to involve years of savings and frugality.”
To the outside world, I suppose that sounds depressing. To those of us who are attempting to live a frugal lifestyle, it makes perfect sense. It’s a great definition of the philosophy of frugality.
Mercedes Bling by airgap.jpg
The outside world has become so caught up in the “bling thing” that when people want to better themselves by paying off their debt and saving money, suddenly it’s a bad thing. Maybe it’s bad for all those company’s who have been profiting from careless spending habits, the almost glutenous need for “bling”, and the lack of priorities that people set for their lives. For me, it’s a rebirth….a rebirth that one day will allow me to spend in a different manner, while keeping everything in perspective.
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