Would you quit being frugal if you didnt need to?

United States
September 10, 2007 5:23pm CST
Say you win the lottery or get a huge raise and you now make enough money to live very well. Would you ever quit being frugal? Are you frugal because you need to be or is it because that is what you want to be? Why are you frugal to begin with?
6 people like this
17 responses
• United States
10 Sep 07
I think that I would be frugal no matter how much money I had. It is just a part of me, always has been since I can remember. I can see splurging once in awhile. But to just spend to spend seems like such a waste of money to me. I really don't need to be as frugal as I once was. I could opt for the premium products when buying. But, with being frugal I have found that some of the less expensive items are just as good. You can do this especially with food. I even find I like some of the store brands better than brand items.
2 people like this
• United States
11 Sep 07
I like most store brands as well as the original with few exceptions. I think I would change a few of my shopping habbits though. We watch our budget so close, if I had more there would be more ice cream in the freezer. I could use some right now.
1 person likes this
@dmillman (2273)
• United States
21 Dec 07
No way!! It's in my blood now, there's no escape! My parents are both frugal, and they really don't have to be. My grandparents on my mother's side used to love to go to the flea markets. I love going to the swap shed and hopefully find things for free. I think it's why I'm a beach-comber too. It's all an adventure to me. Of course, the trick is to find something to do with it all so it doesn't overcrowd your home.........
1 person likes this
• United States
29 Dec 07
I bought a metal detector last year to look for treasures. It was a great deal by the way. I have such a good time with it. We camp a lot so I check out the areas and people laugh when I get excited over finding a quarter or something. I keep track of what I have found. I deduct it from what I spent on the detector and I will know when I have used its worth. From then on it is all profit. I still have $251.75 to go though. May this year be a good one!
@drannhh (15235)
• United States
17 Sep 07
I take pride in being frugal. Although it is true that a long time ago frugality was not so much of a choice as a means to survival, now it is more like a hobby. I would never quit being frugal.
1 person likes this
• United States
29 Dec 07
I definately think it is a way of life. I love knowing that we are living a good life on one income. Many people told us it was a mistake when I decided to stay home and raise my kids and my Husdband would bring in all the money. 8 years later and we are doing better than anyone we know who told us it was a mistake. We are more aware of where our money goes and so we have a life to show for it.
• United States
16 Sep 07
This is a very good question. I highly doubt I could quit being frugal completely even if I tried simply because I've been doing it so long. I may not be as frugal. I may not cut as many corners, but I think I'd still try and save as much money as I possibly could simply because I'm so used to doing so, and you never know whenever you may need a lot of that money for something big. Things happen.
1 person likes this
• United States
29 Dec 07
I think I am the kind of person that woudl buy a Ferarri and then never drive it because the gas mileage is horrible. I would buy a huge home and not use the lights or heat to save energy. I am frugal by nature and I think I will always be that way.
@cblackink (969)
• United States
16 Sep 07
Well, not as frugal as now, but then, it's all relative. What I consider frugal may not be considered frugal by many. I really have little need to eat in expensive restaurants or buy very expensive clothes. That's just not my thing, but it's nice on the occasions it happens. So I appreciate it that much more. Of course, I will splurge on electronics or vitamins or herbs from a health food store, because I see these things as adding value to my life.
1 person likes this
• United States
29 Dec 07
Adding value to your life. That is well said. I agree entirely.
@wiccania (3360)
• United States
15 Sep 07
I would still be frugal. There might be a few things that I stopped doing to save money (like recycle my newspaper instead of shredding it and using it in the litter box), but for the most part I would still shop sales at the grocery store, use coupons, etc.
1 person likes this
• United States
29 Dec 07
I love knowing that my money has gone as far as I can get it to go. Maybe if I won the lottery I could hire someone to do all the work for me though so I could do it all from the comfort of home. Gotta splurge somewhere.
@gapeach65 (805)
• United States
14 Sep 07
I'm pretty sure if I was to win the lottery or come in to some big money, I'd probably make a few large purchases but I'd like to think that I would still be frugal. I like the challenge of getting things on sale and saving money. We don't have much money now, I still like the challenge even though it is our way of life now. I've seen these shows where people who have nothing and win the lottery go crazy with spending, I have no desire to buy a house with large columns or gold statues or a lot of the stuff I've seen, I'd just like my family and myself to be able to live comfortably. Then going to the thrift store could be for fun and not just a necessity.
1 person likes this
• United States
29 Dec 07
I could think of a fue large purchaces I would make right away. A nice sized home for starters, and a few reliable cars. I love my life otherwise and dont think I would change much more. I would probibly get a phone line too, just fluff stuff.
• Hong Kong
14 Sep 07
To be honest, I am frugal because mostly I need to right now. I love spending money wisely but I don't want to be frugal like this all my life. It would be without entertainment and pleasure and it would suck. I definitely won't be as frugal as I am now if I win the lottery or get a huge pay rise. I would still keep the habit of spending the money wisely though.
• United States
29 Dec 07
I think it is okay to splurge some of what is left over. Life would be no fun if we had to spend all of it on bills and lifes dues.
@cher913 (25865)
• Canada
13 Sep 07
yes i prolly would. i actually enjoy hunting for bargains and really like to go to thrift stores and see what is there. you can get such neat stuff sometimes! on the other hand, it would be fun to have some extra money!!!!
1 person likes this
• United States
14 Sep 07
I love the challenge of seeing how far I can get my budget to streach too! I love a good bargain!
@cutepenguin (6448)
• Canada
12 Sep 07
Right now, i am frugal because I need to be. I do not know if I would be frugal if I had more money - I probably would because I do not want to waste money. We are deeply in debt right now and need to make every penny stretch as far as it will go.
1 person likes this
• United States
12 Sep 07
I think the need to be frugal teaches us an important lesson. Money does not buy happiness. Stuff does not make us happy, and debt does not make us happy. I know that when I but things I think I need to be happy they make me feel better for the moment but it fast goes away.
@wonderful1 (2075)
• China
12 Sep 07
for me, i have to be frugal, because i can't earn enough money for my living from online sites now. so i have to plan my expense. if i have enough money, then i don't want to be frugal anymore. i feel very bad. i had never squandered money when i am rich. because i don't think it is necessary to spend money on some unecessary things, such as expensive funitures, expensive clothes and so on. enough is OK. if i win a lottery, then i think i spend money fast than that i earned by myself.
• United States
12 Sep 07
If I won the lottery I think I would take a small ammount and squander it away just because I have never been able to and it looks like a great time. I would love to leave $100 tips at resturants and walk away. I will never be able to though.
@jillhill (37379)
• United States
12 Sep 07
Yes I would be less frugul if I had more money. I have always been frugul though. Even since I was very young. Now I am at the age where I don't have alot of needs so I am frugul just because!
1 person likes this
• United States
12 Sep 07
I think if you are frugal for a long time you get to the point where there is no longer a need to splurge because you are satisfied with what you have. I feel a lot better now then when we first started to crunch the budget, but we still wish we had things now and then.
• United States
11 Sep 07
Being frugal provides a feeling of satisfaction when money is saved instead of being spent. If I had plenty of cash, I'd still be a member of the bargain-hunters' club.
1 person likes this
• United States
12 Sep 07
Saving definately gives you a great feeling. I would love to know that I have enough money in the bank for a Ferari even if I never intended on buying one. My problem is when I have the money in the bank I have a week momnent. Then I have a Ferari and no money to drive it. One day I will learn the art of self control to go with my Frugal views.
• United States
10 Sep 07
I have been frugal for so long that it would be impossible to stop. Besides, even with money, being frugal, you can buy more!
1 person likes this
• United States
11 Sep 07
Frugal living gets into your system huh. I used to feel like I was going with out now I am so proud of the savings I have created and we are doing so much better.
@jazgottt (1181)
• Poland
10 Sep 07
I think I would be also frugal as a wealthy person. But not as frugal as now. I am frugal because I need to be frugal. I find beeing frugal as a good feature, connected with reason and wisdom . There is nothing good in wasting anything - money too:) Of course some people are too frugal, and become even stingy. I'd travel more and buy more books and other not really necessary things. But still I'd look for good prices. I think I'd give more unexpected, little presents to my friends and family. I like it:)
• United States
11 Sep 07
I think I would donate more to charitys too. I would still watch my money but I would love to see what good I can do with it.
• United States
30 Dec 07
I would remain frugal even if I didn't have to be. Simple living is a good way of life. Reduce, Recycle and reuse is a great way to live.
• United States
31 Dec 07
I agree. I was having a ton of stress in my life and I bought a simple living book. Though a lot of the things they suggested I was no where near ready to jump in to it has changed my life. I do well with what I have for the most part and I feel good about the life I am living.
• United States
31 Dec 07
If we ever won or came into a large sum of money, I think it would change some spending habits, but not neccesarily in a bad way. We would eat as much organic food as possible, maybe even buying a small farm to live on. I think that we'd treat ourselves a little more to some vacations for the family and taking the family out to eat more often. As far as recycling, reducing, etc that I don't believe will ever stop for us. We are trying so hard to teach our sons that the earth is in serious trouble and everyone needs to pitch in to help. If the money was significant enough that after setting ourselves up for our retirement and our sons educations, I would certainly look to help other less fortunate than us. The thought of people living locally, going to bed hungry and cold bothers me and I would certainly look to help as much as I could.