wizard book 6 text 13

Frugality

Benjamin Franklin explained this virtue as “making no expense but to do (sic) good to others or yourself; i.e., waste nothing”.

Being frugal is often confused with being cheap, but this is not the case. Being frugal means spending money wisely, looking for bargains and not wasting on frivolous unnecessary things in order to achieve more lasting, meaningful goals. By not wasting, one will want little, hence the popular phrase “waste not, want not”.

Being frugal is a crucial financial skill to learn and implement in daily living. By leading a more frugal life, one is able to better stay out of debt and avoid financial burdens.

The virtue of frugality even found itself among the list of Roman values where it was defined as “economy and simplicity of style, without being miserly”. Combining generosity with frugality provides a way to not become miserly or stingy. The two balance each other in order to provide equilibrium.

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