Comments on: Frugality even at a high income

By: debtfretter

debtfretter — Tue, 18 Nov 2008 05:08:00 +0000

I agree! Hubby and I are about to double our current income but we have so many goals and we don’t wantt o waste the opportunity. Imagine if three years down the track we couldn’t downsize because we’d managed to spend everything we’d made! And them some ..
It starts to become a habit to be frugal and having some security becomes more important. Congrats on a great post!

By: Fabulously Broke

Fabulously Broke — Fri, 14 Nov 2008 05:19:00 +0000

sammy: that’s true. BF is like that. Hence why he probably has a ton socked away

Anon: Buffet is one of my heroes! And one of the guys I’m reading a bio about right now

LAL: Yep, we’re thinking about that too, but I guess we’ll run the numbers once we see them. Buying in Dallas would be v. cheap though. $2000 a month as a mortgage is probably not going to be what we’re paying. We’re aiming for less.. like maybe $1500?

I dunno

high-heeled: I got lots of posts! Right sidebar, dear

Revanche: Yes, I say that, then I spend money on necklaces LOL!!

brokebettie: I try to. BUt I don’t want to be a hardcore frugal PF’er, so I DO spend once in a while

michelle: Yes! Agreed

Lys: Thanks

Louise: The lean times are what will get me.

Auburn: It’s nice and freeing

By: Auburn Kat

Auburn Kat — Thu, 13 Nov 2008 22:43:00 +0000

I’m with you…I love feeling financially independent too!

By: louise

louise — Thu, 13 Nov 2008 19:53:00 +0000

I think I am even more frugal now that I’m earning more and we are living on the tightest budget we’ve ever been on since I started blogging. I also agree about setting aside for the lean times after having a couple of days off sick cost me a packet!

By: Lys

Lys — Thu, 13 Nov 2008 19:34:00 +0000

Fabulous Post!!!

By: Michelle

Michelle — Thu, 13 Nov 2008 18:40:00 +0000

What most people don’t realize is that rich people are rich because they are frugal and hardworking (for the most part, I’m not talking about people who were born into money or celebrities).

Hubby worked as a plumber for a little bit, so he got to see peoples bathrooms and kitchens. And he found that the rich people would buy the cheapest stuff – off brands and bulk items from the warehouse store. Rich people have a lot of money, and they intend to keep it that way.

By: Broke Bettie

Broke Bettie — Thu, 13 Nov 2008 18:22:00 +0000

I’m with you on all of these points – it’s nice to know I’m not alone in thinking this way!

By: Revanche

Revanche — Thu, 13 Nov 2008 17:59:00 +0000

Very important points! After all, what was the point of going through all the mess, trouble, and effort only to let yourself lapse back into old habits and spend up a storm instead of making real progress?

And remember, wealthy people plan for generations, so planning for when you’re going to have kids in a couple years is not at all “too long term.”

By: Amanda

Amanda — Thu, 13 Nov 2008 17:50:00 +0000

Back on the "double chicken leg" thang… a thigh & drumstick still connected is a "quarter." I'm writing this irritatingly anal comment because they are SO cheap & delicious when you cook them at home…and so incredibly easy. So, when you're back in your normal home cooking mode again, by quarters at the store. Congrats on sticking to your diet!

By: Sharon Rose

Sharon Rose — Thu, 13 Nov 2008 16:58:00 +0000

Hi there-an excellent post and really rings true. Being frugal, on a low or high wage is definitely the way to go!!