Is it best to live a frugal lifestyle?

Question

Trying to make the most of what you have

Not excessing on anything material

Repairing old things instead of buying new

etc

Answer 1

No.

Think Big.

People who think it is best to live a frugal lifestyle is actually limiting themselves.

Remember that life has an enormous possibilities.

You are thinking frugality because you are limited by your resources.

Why not think in a different perspective. Instead of limiting yourself to the resources that you have, think of expanding your resources, open yourself to new challenges, push yourself to the limits, go to greater hights, aim for material prosperity.

In the end you will conclude that nothing is impossible and frugality is only for those who are afraid to take risk.

Answer 2

Right now, with the prices of everything skyrocketing, I would have to say YES!!!

Answer 3

Generally yes, but the answer heavily depends on criteria such as income, age, and expectations.

Answer 4

Soon every one will have no choice but to live a frugal life . An close to a desperate life style .

Answer 5

I did enjoy your question, really.

You seem to have good acumen.

To keep our planet clean we have to conserve

energy rearranging our lifestyle.

But If we want for the world's penury and privation

to disappear, we should buy the things made by adroit people.

Answer 6

Yep! The wife clips coupons to get me the cheapest cases of beer and cartons of smokes available. Sometimes she has to drive clear out of state, but we're frugal.

Answer 7

I think the key to happiness is to experience a variety of conditions, and focus on the things that seem to feel good down to your core being.  Maslow studied successful and happy people and found a hierarchy of human needs.  When I read about it, it makes sense to me.  the top level is called self-actualization.   You can reach this level without material wealth.  But yes, you need some security to advance to that stage.  How much security you need depends on you, your fears, your anxieties etc.  For some, good health and a place to sleep tonight are all they need to feel secure.  For others a diversified portfolio of investments, lots of insurance and a long term care contract aren't enough.   If you find your needs seem to be toward the extreme, take time to examine those needs, and see if they really are needs, or perhaps something else.

I like the idea of retaining a certain amount of freedom to change course when a good opportunitiy comes up.   A little money in the bank helps, but a lot of material possessions don't.  

A wise person once said:  "In all things, moderation"