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Tag Archives | frugality

Play Wisely With FIRE Movement

“What do you think of the FIRE movement?” a reporter asked me recently. I told her I was ambivalent about it. The FIRE acronym in this context stands for “Financial Independence, Retire Early.” While a Harris poll done in late 2018 found most people over 45 had never heard of the FIRE movement, it apparently […]

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When Frugality Is Not a Virtue But a Risk

Frugality is a valuable financial habit. It’s the number-one common denominator among people I know who are wealth builders. This makes sense, since no matter how much you make or what you may invest in, you’ve got to be able to live on less than you make in order to have money to invest. In […]

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Frugality: The Essential Money Survival Skill

Someone recently asked me to share my number-one financial tip that would make the greatest impact on a person’s financial well-being. For someone who can speak for hours on the topic, that’s a daunting task. I wanted to quote the late Dick Wagner’s advice to “Spend less, save more, and don’t do anything stupid,” but […]

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Money Realities for New Adults: Toothpaste and Toilet Paper

The daughter of one of my clients left home right after high school graduation for a full-time job and part-time college classes. As she was settling into her first apartment, she told her mother, “I never thought I’d be the person who had to buy things like toilet paper and toothpaste.” She had discovered one […]

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Ahoy There, Matey! What’s a Luxury Cruise Worth Without Pirates?

When does frugality intersect with insanity? Maybe about the time the pirates show up. My wife and I are frugal. We are also fans of cruise vacations who have just completed our 28th cruise. With a little homework, cruises represent a great value for frugal vacationers. Most cruise lines include food, lodging, and transportation between […]

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