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Is frugality addictive?


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27 replies to this topic

#1 Wallymaduka

Posted 28 January 2013 - 11:18 AM

This morning, I realised that there were 2 days worth of toothpaste left (if I really sqeezed the tube) until a visit to the dentist tomorrow gives me a complimentary tube.  I've purposely not rushed out and bought new toothpaste for this reason.  

Grocery catalogues are studied, and I get a kick out of paying 50c less per kilo for grapes at one particular supermarket over the other.  Taking it further, I weigh up the benefits against the cost of fuel and time running around between competing supermarkets...

Every single plan, contract and paid service is researched to the enth degree just to make sure I'm getting the cheaper deal with quality product.

Every dollar spent has it's special place in my monthly spread sheet, and every receipt is golden, lol.  The end goal (20K in 10 months) is plotted on a graph from which this data feeds in to.  I look at this graph probably a little too much ph34r.gif  

I live well, and afford most things, and have a very good well paying career, but recent circumstances have forced me to look at the way pennies are spent, I've slowly become consumed by the cause.

Anyone else share this infliction? tongue.gif

#2 CharliMarley

Posted 28 January 2013 - 11:24 AM

I think it is in the genes, if you do this. You will probably find that your forbears going through wars and depression, also did these things to make ends meet. I really don't have frugal people in my genes, but my DH does and he wears clothes until they are falling off him. roll2.gif

#3 wanting3

Posted 28 January 2013 - 11:30 AM

OMG, I am off to put a savings chart in my budget spreadsheet. I too watch my pennies to the nth degree. I even shop on the way home from work, with 2 tired DD's in order to NOT go to the shops on a Saturday, which would see me travel 20 minutes either way. I am also working out the best day to go the long way home, in order to go past a cheap, but really good butcher, again with 2 babies in tow.

I even have my budget spreadsheet to give me a chart which shows in percentages, how much I am spending in each category. I update it daily happy.gif

If only DH was as commited to saving as I am glare.gif

#4 BellaMoja

Posted 28 January 2013 - 11:37 AM

It could be in the genes as a PP said. My grandfather was VERY frugal (to the point of it being too much) and my mother is too but not to the same extent.

I think this is AWESOME and should probably start scrutinizing my spending and start properly planning my spending - it is worth it and good for you! I hope you achieve your goal!

#5 Beancat

Posted 28 January 2013 - 11:43 AM

I think its in the genes too.  I have good intentions but then think nothing of splurging $50 on takeaway for tea.  Yet I will happily study the catalogues for the best deals and haggle on prices/contracts as appropriate

#6 erindiv

Posted 28 January 2013 - 11:55 AM

QUOTE (wanting3 @ 28/01/2013, 12:30 PM) <{POST_SNAPBACK}>
I even have my budget spreadsheet to give me a chart which shows in percentages, how much I am spending in each category. I update it daily happy.gif


How did you set this up? I want it for my budget spreadsheet!

#7 Freddie'sMum

Posted 28 January 2013 - 11:58 AM

Yes it probably is addictive (and in the genes)

and

No - it hasn't happened to me yet original.gif



#8 bubblebear

Posted 28 January 2013 - 12:06 PM

I wish it was like this for me! I dream of being a better saver, tracking my spending etc and then I forget. I would like this to be the year I improve.

OP your spreadsheet sounds amazing, I'd love something like that! The graph in particular sounds very satisfying.

#9 librablonde

Posted 28 January 2013 - 12:16 PM

My mum is like that, OP. She watches every cent and makes it work for her. She sees frugality as a delicious challenge and that somehow she's beating The System if she scores a bargain or a freebie. Somehow she gets by on the old age pension and manages to afford presents for all the grandkids and feeding her menagerie of pets.

#10 Magnus

Posted 28 January 2013 - 12:19 PM

I think it is addictive for certain personality types.

I don't think this includes me, but I'm not bad with money. I'd probably do the toothpaste thing, cos I usually squeeze as much as possible out.

I'm not sure I wouldn't find a spreadsheet really oppressive, though.

I find it hard to get a good balance between trying to scrimp and save and managing to enjoy the present.

I think the main thing that would help my spending would be to set a strict limit for spending on outings with friends and family. 'No, we can only go to places where we can get dinner for under $10 per person.' Not likely to work, though. tongue.gif

#11 StopTheGoats

Posted 28 January 2013 - 12:22 PM

My husband is very good with his money. In his family, waste is sort of a moral issue and they proudly show off the jumper they purchaed 40 years ago. Weird to me. Being a dyed in the wool bogan I love the feeling of wasting money. laughing2.gif

I used to try to please him by spending less but now I realise its a pointless exercise as he'll simply identify a new place to make savings. This has nothing to do with how much money we have in the bank. Lucky we love each other original.gif

Edited by JuniorSpies, 28 January 2013 - 12:24 PM.


#12 cinnabubble

Posted 28 January 2013 - 12:22 PM

Sounds kind of depressing and limiting. It probably isn't in my genes.

#13 Wallymaduka

Posted 28 January 2013 - 12:34 PM

Glad I'm not the only one then original.gif

It's turned into a bit of sport for me.  Still enjoy the moment and splurge on treats, but they feel more justified and 'deserved' now. Each month's budget includes an amount for random purchases/treats and entertainment, so it never feels as though I'm double dipping anywhere.

And watching that line graph slowly creep it's way up to the goal - very motivating.

#14 middle

Posted 28 January 2013 - 12:37 PM

hi 808state and wanting3,

do you have a link for your budget with the graph/percentages attached to it or is it something that you have created yourself.  if so how do you do it as i am not very computer literate.  i am very interested in attaching it to my budget.

#15 Wallymaduka

Posted 28 January 2013 - 12:42 PM

Hi there Middle

No, just something created from home.  I couldn't find anything on the web that suited, so just played around with excel to create something workable.

#16 wanting3

Posted 28 January 2013 - 12:49 PM

QUOTE (middle @ 28/01/2013, 01:37 PM) <{POST_SNAPBACK}>
hi 808state and wanting3,

do you have a link for your budget with the graph/percentages attached to it or is it something that you have created yourself.  if so how do you do it as i am not very computer literate.  i am very interested in attaching it to my budget.


I made it myself, and am very proud of my effort. PM me and I will send you a copy.

#17 Lees75

Posted 28 January 2013 - 01:28 PM

QUOTE (808state @ 28/01/2013, 01:04 PM) <{POST_SNAPBACK}>
Glad I'm not the only one then original.gif

It's turned into a bit of sport for me.  Still enjoy the moment and splurge on treats, but they feel more justified and 'deserved' now. Each month's budget includes an amount for random purchases/treats and entertainment, so it never feels as though I'm double dipping anywhere.

And watching that line graph slowly creep it's way up to the goal - very motivating.

Sounds just like me:) I budget every cent, but spend guilt free, provided it comes out of the right budget category.

I have recently gotten into YNAB (you need a budget). The software is awesome and the forums are full of like minded people.

I need to save $10k at least for our USA trip next year, so it is relatively easy to stay focused.

#18 middle

Posted 28 January 2013 - 01:51 PM

hi wanting 3,

i have pm you i hope that i have done it correctly as i am new to this
thank you middle

#19 Feralishous

Posted 28 January 2013 - 02:13 PM

we have the same sort of set up, and our bank lets you set savings goals, and sends reminder messages original.gif
I do have to stop getting 'bargains' that we don't really need this year

#20 spellfall

Posted 28 January 2013 - 02:37 PM

Hi there,

I tried to send a pm re home made spreadsheets but the system crashed. I'm keen to start budgeting after being hit with some very large, unexpected bills as I'm going on holidays later this year.

I'm also very good with excel so I'd be interested to see what you have out together.



#21 Nataliah

Posted 28 January 2013 - 02:40 PM

I'm not sure about addictive, but I wish it was contagious and some of you girls could rub off on me sad.gif

#22 FeralProudSwahili

Posted 28 January 2013 - 08:36 PM

Ugh, it sounds like a depressing way to live.

#23 kpingitquiet

Posted 28 January 2013 - 08:57 PM

I go through phases. Right now I need to be in a skinflint mega-tracker phase but appear to have been bitten by this cool Fallish weather that makes me want to spend and shop and drive to little cafes. Must! Fight! Urges!

I have nifty graphs on my spreadsheet. Unfortunately they're all straight lines at the moment sad.gif I blame ttc anxiety original.gif

#24 starfire

Posted 28 January 2013 - 09:21 PM

I used to be really good at shopping smart but for some reason have let my habits slide. We need to get back into it. It can be addictive and exciting when you strike a great deal/find a great special. biggrin.gif

I used to buy cheese and all that in bulk, grate the cheese with a food processor and freeze about 1 cup/2 cups worth in bags. Ahh those were the days!

I am planning on easing myself back into it by buying in bulk laundry powder, dishwasher tablets etc again.

Need to do a budget but its a bit hard when DH doesn't really follow it - I have tried meal planning but he will decide not to eat the meals I have put out and suggest other meal ideas and rendering my plans useless (can't refreeze defrosted meat etc)

Hmm, maybe this thread is a great kickstart for me to get motivated! biggrin.gif

#25 ~iMum~

Posted 28 January 2013 - 09:28 PM

QUOTE (erindiv @ 28/01/2013, 11:55 AM) <{POST_SNAPBACK}>
How did you set this up? I want it for my budget spreadsheet!


I'd love something like this, too. It would make it harder for me to gloss over what I really shouldn't when budgeting.




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