A Frugal Mindset – 5

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This post has been half written for a few days as life has a tendency to get in the way.

Here is the next instalment.

5. Frugal people use items until they break, and then fix them. Marketers are always coming out with the biggest and the best thing, and urging you to upgrade now. But frugal people don’t worry about that. Instead, they’ll continue to use the perfectly good, whatever (you fill in the blank) until they just can’t get it to work anymore. No need to buy something new when what they have works perfectly well!

Question to ask yourself: Do I really need a new ________ (fill in the blank)? Or does what I have already do what I really need it to already?

This just commonsense as far as I am concerned.  Whilst it may be tempting to buy something in the latest colour/style or bigger and better there really is no need.

We are all seduced from time to time by shiny new things but if you can limit your purchases of things that will replace ones you already have you will be well on the way to making some substantial savings.

Try thinking of the oldest item you have in regular use and share it in the comments.

Mine would be the mixing bowl that belonged to my grandmother followed by the woollen blankets on the single beds – they are almost as old as me.  The blankets on the guest bed were a wedding gift as were much of the crockery, glassware and kitchen paraphenalia that I use regularly.

One thought on “A Frugal Mindset – 5

  1. I have and regularly use a number of things that were wedding gifts first time around:1980. These include some bedding as well as some kitchen items. There are also some family heirloom items that come out for special occasions, like my grandmother’s cake stand.
    With electronics and similar, we happily use old items until they absolutely die, and then upgrade either to the best we can then afford, expecting it to last similarly long, OR to something that has been around long enough to have the ‘bugs’ worked out, and to have come down in price from when it was the ‘latest thing’.

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