Monday, August 23, 2010

What it takes to be frugal and practical?


There was a time when I debated in myself the concept between frugality and practicality. Are these two words synonymous? If you are practical, does that mean you are frugal?

In today's world, when people are quick in judging you based on what you wear, how much you've acquired, or how much money you have, you are challenged to acquire more and display more. Take a look at this sea of fashion bloggers that sprout rapidly from every corner of the world, most of them are indulging in excessive consumption flaunting at their blogs every new purchases they had. The competition is too tight and every fashionista wannabe is dying to create a by-line for themselves. Looking up for those few who were blessed with money that wearing new clothes daily does not hurt, plenty of these fashion bloggers dream of somehow making it in this universe of blogging if not ending up in a runway or attracting attention of pr firms. But that, however, is despite their credit card.

Thus my question, to whom is it necessary to be frugal? Spending too meager for something that I so love - fashion - is difficult. Ignoring my desires just for the sake of savings, at times is impossible. There are many things that I love to have even if they are not really a need. It is at this angle that practicality comes in. I try to buy expensive dresses and shoes ONLY and only if they are on sale. Spending less in exchange for an expensive item demands not only skills but creativity. I learned to surf the net for online shops that advertise clearance sales and discounts. But they demand time. It is amazing to discover that there are actually websites such as the Hewlett Packard promo code and Home Depot coupon code that devout their services in scouring the web for savvy discount codes, coupons and deals from thousands of online shops. These websites serve very useful in aiding me to hunt for sales that I so need. Buying something worthy of my money and passion for less through creativity is my idea of practicality.

However, I met this very well known blogger who authored the list of more than a hundred ways to save your money. His principle is complete frugality. His techniques are applicable to anyone who dream of retiring a millionaire. He sees the advice of collecting coupon codes and hunting for discount sales in shopping as nonsense. He claims that bargain or discount sale does not help at all in saving money because it only encourages spending more for less. The key word is MORE. He believes that the secret for being debt free with lots of money is downsizing of things that you don't need or things that you are not suppose to prioritize. Avoiding unnecessary spending and practicing economical spending is the way to go.

As for me, I wish to stay in the borderline of practicality and frugality. I dream to retire with money but I don't wish to deprive myself of things that can make me happy. What are your thoughts?

8 comments:

  1. I tend to swing from one point to the other: sometimes exceedingly frugal, the other, exceedingly greedy.

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  2. I agree... I want to have a good amount in my savings but I also want to have some nice things as well. My wardrobe could use a revamp, haha. I have noticed that a lot of really "fashionable" items cost up to 300 dollars, and I really do not believe that that is necessary. I'd like to get some practice but pretty pieces that are inexpensive and will last me quite some time rather than splurge on a 300 dollar ring.

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  3. I find there is definitely a difference between frugal and practical. I'm frugal, but I am in no way very practical with my shopping (though I try to be at times). I think many fashion bloggers miss the mark with their blogs BECAUSE they try and flaunt their new purchases, etc. The higher up blogs/ones with staying power are usually the ones buying their own clothes (fahsiontoast, etc) with their own money. They also consider fashion as an art form, NOT just excessive consumption. I agree with you, I want to save money but not deprive myself totally. It's all about balance

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Thank you for your time. I'll get back to you soon. :)