If you spend just a little time on frugal or personal finance websites, you know that there are some habits that seem to symbolise frugality. These habits have taken on an elite kind of status to be used as a yard stick against which to measure whether or not you’ve made it in the frugal world.

Yes, I’m being tongue in cheek here. What is frugal to me isn’t going to be frugal to you and vice versa. But I thought I would share some of the more popular habits that get touted as frugal.

You know you’re frugal when…

(more…)

This is the question that JD asked on his personal finance site Get Rich Slowly. He was quoting John T. Reed who argues that being frugal is necessary for building wealth.

The question that JD asks is, is frugality something that you have to put up with until you’ve made it, or is frugality a way of life?

(more…)