Smart Reasons to Save, Use and Invest Money

MoneyReasons Weekly Cache 2010, Mar 28

Weekly Cache – 2010, Mar 28

Random Thoughts:

I’m not sure how it happened, but most of my posts this past week ended up talking about frugality in one way or another.  It’s an easy topic for me and one that I have lived most of my adult life.

Some comments from a few of my frugal posts got me thinking about why I’m so frugal…  Is it because I’m a financial genius?  I’d like to think so, but most likely… NOT!

So how did I become so frugal???

My family!  Both my parents and grandparents are extremely frugal, so it’s all that I’ve ever known.  Could I go into massive debt, going on a buying bing?  Yes, it’s possible, but I would definitely feel out of my element doing that.

So for the record, when I talk about being debt-free or write about frugal tips, it’s not that I think I’m more clever then anybody…  It’s just that I’ve been taught to think that way ever since I learned to walk.

My Favorite Top 3 PF Blogger Posts For The Week:

Sahmcfo.wordpress.com: “Math Class is Tough!” – My old excuse for debt - sahmcfo’s TV blew up!  And instead of going out and buying a new one on a credit card.  sahmcfo’s family is trying other activies instead while saving money to buy a new one in cash!  Big kudos to her! I have a series that I call “Lemons to Lemonade” which is kind of what they are going!

FreeFromBroke.com:  Exchange Traded Funds – Pros and Cons -  This is a ETF article that covers ETFs in great detail!

Monevator.com: Personal Time Management - Wise advice from “The Investor” at Monevator!  Instead of the same old dry boring stuff, The Investors makes it a very entertaining read!

My Favorite Post from Money Reasons This Week:

My Frugal Apartment – This is my favorite this week because of the nostalgic memories invoked!  It also demonstrates how I’ve been frugal most of my life.

Closing Thoughts:

Frugality is easier to accomplish when you were raised in such a household.  Living in such an environment, the frugal lessons are learned without even knowing it.

Frugality, while painful at first, once you start down that path, it becomes much easier and very rewarding when you finally become debt free!

Think frugal thoughts this weekend!

-MR

6 Responses to MoneyReasons Weekly Cache 2010, Mar 28

  1. Craig/FFB says:

    Interesting, I think I’m frugal because my family wasn’t. It forced me to change the way I thought about spending.
    .-= Craig/FFB´s last blog ..Certificate of Deposit (CD) – What is it? =-.

  2. Craig/FFB
    Yep, I’ve seen that kind of reaction too. Some of the most wild anti-religious folks I know of were kids of ministers or had very religous parents… I guess there is more than 1 path through the personal finance jungle to frugality or wealth.

    I think many (like me) who grew up in a frugal family has never had any problems with credit card debt or really any type of debt. In fact, we’ve learned to make credit cards work for us (or at least that use to be the case, let’s see what the banks do with the new slew of fees their are proposing). Or perhaps, I truly am financial genius ;)

    I think having frugal (but still good) parents and grandparents, was great for me because I didn’t have to learn about it after the fact or after I was burdened with a lot of credit card debt.

    I picked up most of tricks of frugality while I was young. I still remember walking with my grandfather thru a parking lot looking for change (he once found $50.00) on the way to McDonalds. My grandfather and grandmother were sole proprietors that had a successful retail business and auction. They provided my base knowledge about frugality.

    That is the great thing about personal financial blogs (and the internet in general), now anybody can learn the tricks that people like me and you know! I feel like I’m going the public a service by sharing, and at the same time improving myself! I love win-win scenarios

  3. Bytta@151DaysOff says:

    Haha, thanks for the link. Sometimes I’m still struggling hard to be frugal because I was raised in a frivolous household. You should see the kind of useless things my parents have in their mansion. They make money as hard as they spend it. Note that they’re retirees who live off their investment income with no debt, so they’re not your typical inflated-lifestyle Joneses.

    I learn a lot about business and investment from them… but they also teach me how to spend it… :D

  4. Bytta@151DaysOff
    Based on reading your post, it sounds like you got your act together!

    Growing up, I didn’t really know anyone that lived in a mansion. Today, I know quite a few millionaires, but they don’t live in mansions either, they are “the millionaire next door types”…

  5. Monevator says:

    Thanks very much for the link.

    Regarding millionaires and mansions, we’ve got to keep in mind that due to inflation most of us will be millionaires in 30 years time (well, assuming you’re in your late 20s, early 30s, which seems to be the peak PF blogging age!)

    We need a new word for ‘millionaire! ;)

  6. @Monevator
    No problem, you make it easy which some of your great posts!

    If inflations start to pick up (which might be the case in the next year or 2), then the elusive millionaire status will even be than much less elusive sooner…