17 Things frugal people allegedly never spend money on

TLDRFrugal people are resourceful and careful in managing their money and resources. They prioritize saving and avoiding unnecessary expenses. According to one source, frugal people supposedly never spend money on books, bottled water, the latest technology, lottery tickets, brand new cars, expensive coffee, cable TV, brand name items, dry clean only clothes, beverages at restaurants, big homes, impulse items, extended warranties, fancy vacations, paper towels, professional car washes, and pets. However, frugality is subjective and varies from person to person.

Key insights

📚Frugal people prioritize borrowing books or using library services instead of buying books at retail prices.

💧Frugal people opt for tap water or filtered water at home instead of spending money on bottled water.

📱Frugal people tend to avoid purchasing the latest technology and opt for budget-friendly alternatives or used devices.

🎟️Frugal people understand the low probability of winning the lottery and choose not to spend money on lottery tickets.

🚗Frugal people prefer buying used cars instead of brand new ones to save money and reduce depreciation.

Q&A

Do frugal people never spend money on vacations?

Frugal people are mindful of their vacation expenses and may opt for budget-friendly options or skip extravagant vacations altogether.

What do frugal people spend money on?

Frugal people prioritize saving and investing for their future. They may spend money on essential needs, experiences that align with their values, and investments that generate long-term returns.

Are frugal people cheap or stingy?

Frugal people are not necessarily cheap or stingy. They are thoughtful and intentional with their spending, prioritizing value and long-term financial goals.

Are frugal people unhappy or deprived?

Frugal people often find fulfillment and contentment in living within their means and being wise with their financial decisions. They prioritize experiences and relationships over material possessions.

Can anyone become frugal?

Anyone can adopt frugal habits and mindset. It requires self-awareness, discipline, and a willingness to make conscious choices about spending and saving.

Timestamped Summary

00:00Introduction to the concept of frugality and the idea that frugal people avoid unnecessary expenses.

01:58A list of 17 things frugal people allegedly never spend money on, including books, bottled water, the latest technology, lottery tickets, brand new cars, expensive coffee, cable TV, brand name items, dry clean only clothes, beverages at restaurants, big homes, impulse items, extended warranties, fancy vacations, paper towels, professional car washes, and pets.

09:24The reminder that frugality is subjective and personal, and what may be considered frugal for one person may not be the same for another.

10:08The acknowledgement that frugality is about prioritizing financial goals and making conscious choices about spending and saving.