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December 21, 2010


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My wife is frugal, I am thrifty and my son says we are cheap and his grand mother would agree.

All of a matter of preception in some cases.

We are pretty much on the same page as you are. We're mostly thrifty, but try not to be cheap.

Well, about 95% of my grocery shopping is ONLY items that are on sale. Since nearly all the items I regularly buy go on sale in 3-6 week cycles, if the item isn't on sale one week, it usually is on sale, or buy 1 get 1 free, the next trip. Frozen shrimp is on sale every other week, just not always the large or jumbo. If Stouffers isn't on sale that week, I just buy Marie Callenders, or if not Digiornos, then Red Baron, etc.

Last year, I saved over $1200 just buying on sale, and really saving when buying store brands on sale.

And name-brand coupons are a waste, since I don't live near a store that doubles or triples them, and the store brands are usually as good and cheaper when on sale than any name brand with a coupon.

I was worried when I read the beginning that I would be characterized as "cheap." Whew, I'm just thrifty! And I value being charitable as well!

Actually, if you don't leave a tip for your waiter/waitress, it's a little like stealing. When I worked in a restaurant, I paid taxes on a certain percentage of all the food I sold, not the amount I received in tips.

Great post! These are fun and thought provoking.

Only Buying Items That Are on Sale - Diminishing returns. Just like you said, the more easily accessible sales you take advantage of, the higher the search costs get for additional sales items - ergo, the return increases and at some point reaches zero depending on how you personally value your time.

Never Tipping at All - absolutely NOT cool for professions that depend on it as the major source of income.

Saving Everything and Living on Nothing - Boring. Nuff said - again, it's a balance between the expected value of additional savings (once important goals are met) and the expected enjoyment of spending.

Taking Advantage - What is the cost to you of a loss of integrity?

Stealing It from Your Neighbors - See Above

It's good to know that I am thrifty and not cheap. I think it is all about balance. Once we learn that we usually make out just fine. The problem nowadays is no one has balance...everything is done in excess.

Good list. I agree on all points.

"I'm actually growing in my tipping (I now frequently leave money for hotel housekeepers -- in addition to the "normal" people who everyone tips, like waitresses). I don't think I have to or am bound by any social pressure or norm to do so, but I have the money and I want to leave some of it behind as a small gift for people who likely aren't as well off."

This makes me happy to hear. Good for you.

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