I won’t be winning the crown for the “queen of frugality” this year! There are areas where I still suffer from lifestyle inflation. OK, maybe suffer is a bit extreme because I’m enjoying my new toy that I am about to disclose below.
When asked what frugality means to me for Almost Frugal This is What Frugal Looks Like Series, I defined frugality as a prioritized lifestyle.
Last year, when I cut off my cable for 8 months, some might consider that extreme frugality. But cable wasn’t something that ranked high priority for me.
Now, on the other hand…for the last 8 years, I’ve upgraded my cell phone on average of every 2 years. My latest phone is the HTC EVO 4G Android Phone (Sprint). After rebate it comes with a $200 price tag and 2 year commitment.
I was reflecting, and my last 4 mobile devices were at or near the top of the line for their time:
- Motorola Razr
- MotoQ (affectionately nicknamed the RazrBerry)
- Palm Pre
So what does this mean? Will I ever achieve the ranks of frugal guru? Probably not! But, that’s not my goal or destination either.
I don’t get a new phone every 2 years to “keep up with the joneses”, nor am I disillusioned enough to say “I need it” (it’s definitely a want!), but it is something that I can justify spending the money on.
Consequently, while honeymooning earlier this month, I stumbled upon a Coach outlet mall. I thought I wanted a Coach handbag, but even the bags on clearance were over $150. I couldn’t justify it in my head (I’m sure hubby was happy!)
And that is what makes personal finance so interesting to me…it’s personal!
So….what about you?
What areas are you “extremely frugal” contrasted with “liberal spending”.
What are your spending priorities?