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Is Frugality sustainable without a Goal?

May 12th, 2015 at 06:20 am

The other day, I was reading a blog (Frugalwoods.com), which by the way has become one of my favorites, and the author posed the question, is it possible to sustain frugality without a goal. I am most frugal when I set big financial goals. What about you? Is frugality a way of life for you or a way to get financial goals accomplished? Right now, our big goal is to save enough money to pay for a retirement home using cash.

3 Responses to “Is Frugality sustainable without a Goal?”

  1. miz pat Says:

    Frugality is sustainable without a goal, when frugality is a way of life. But goals make the icing on the cake, strengthen resolve, and take us to the second goal of frugality, which is to build wealth.

    I know I improved majorly when I instituted a short term emergency savings account and a long term savings account.

  2. Ima saver Says:

    Yes, I think it is. I live frugally all the time because I have done it all my life.

  3. Shiela Says:

    Great question. I'm most frugal when I have set myself a financial goals. I tend to relax a bit once I have achieved them but never too crazy.

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