I’ve noticed that a good few people tend to think that being thrifty means spending the least possible amount of money but that isn’t strictly true. What it means is getting the best value for your money.
For example, when our shopping arrived recently there were two large jars of powdered milk, half a dozen tins of mushroom soup, four bottles of shampoo and an organic fillet steak.
“I thought you were supposed to be saving money”, DD2 said, pointing to these things.
“Yes”, I replied, “I am indeed saving money. That’s why I bought them.”
The first three items were all on offer, either 25% off by buying two or they were on ‘buy one get one free’. By ordering more than we immediately needed, I was saving money because I know that these products will be used and all have long shelf lives. The steak is my treat. If you’ve read my post about meat production you’ll already know about that, but a fillet is a luxury I afford myself now and then and as I try to buy organic when I can, I chose the organic steak over the cheaper one. Of course, I could have bought an altogether cheaper cut but I know I wouldn’t get the same enjoyment from it so that just wouldn’t be good economy.
Sometimes you actually have to spend more to be thrifty, either because it will save you money in the long term through stockpiling or because you’ll be getting much better quality for your money.
Being frugal isn’t synonymous with being a cheapskate.