Frugality, The New Generation’s Interest

Dec 11, 2012 2 Comments by

I’ll admit, I’m frugal. Read this carefully, I’m not cheap. I tip well. I will buy high quality items when there’s a need. I will pay for other people’s food when hosting a BBQ. I will offer someone a car ride.

On the other hand, I refuse to pay retail prices unless I absolutely have to. My clothes are bought from second hand stores and I still think that I’ve spent too much. Restaurants are out the question except for very important occasions or business meetings.

Frugality was not always my way. The first 3 years of university was a spending spree as I had savings to cover any item that I might want. Second hand clothes was out of the question. I had expensive hobbies and enjoyed going out. I was your typical consumer… until I hit rock bottom. My wake up call was when I had eaten all of my food and was left with ketchup as my last subsidence.  That’s when I realized that I had to reform financially.

It was difficult at first but once I started separating my needs from my wants, I stopped missing them. The reason why I’m writing this blog is because I have no cable and need to voice my lessons learned for entertainment. Some secondary changes started happening. Obviously I was saving more money and now always have food to eat. The strange things that occurred included my diet. Since I was eating more home made foods and had cut back on processed foods, I started losing weight from my overweight status. I felt healthier. My pre-diabetic symptoms went away. I exercised due to bicycling to school and ended up in better shape. The lack of wanting to buy something new when I was bored made me enjoy the items that I already had. I was saving more energy in my household. I got rid of my car for a few years. Life was, and is still more joyous as a result of cutting back.

As our generation recovers from a credit crunch, more frugals will erupt.

Frugality, Lifestyle, Savings

About the author

Clara Cannes, the chief author from Goldeneer is a Canadian that works as a full time employee in the engineering field. Her passion is real estate, entrepreneurship and sustainability. Clara has finally reached financial independence in her late 20's and is on the path to a comfortable retirement by 35.

2 Responses to “Frugality, The New Generation’s Interest”

  1. Veronica @ Pelican on Money says:

    Sounds like another awesome Canadian blog to add to my reading list. I’m intrigued with your story and want to know more. How did you go from being so far in debt to getting so much from real estate properties? Hopefully there will be a looooong series of post describing your journey :)

    • Goldeneer says:

      I equally like your blog Veronica. You’re asking some good questions which will make great future posts.