The Argument against Frugality

096/365Sometimes, the best way to convince a person that they need to do something is to show them what a bad decision it is to do the opposite. There are countless articles, blog posts, books and lectures about the power of being frugal. Since this line of content is still a booming business, that must mean that the message has not hit home for most people yet. So let’s try a different approach, shall we? Let’s talk about five reasons why we should NOT be frugal. Hopefully, the utter foolishness of these will make you realize how silly not being frugal really is.

1. You deserve to have whatever you want, even if you can’t afford it

You work hard, don’t you? Okay, well, even if you don’t work hard what does it matter? We are here to enjoy ourselves and withholding cool toys, cars, gadgets and handbags from our lives is not enjoyable. You are an adult now and, as such, you make the rules for your life. There are no more parents making you do stupid things like eat healthy, go to work on time, or save money. Don’t let your budget become a surrogate parent — show it who’s boss and get what you want — whether you can afford it or not.

2. It’s fun to always get what you want immediately upon wanting it

If you want something, you should have it immediately, almost as if there is a genie in a bottle on your living room table just waiting to answer your call. If you think about it, waiting to get something until you have saved enough money is always very uncomfortable. There is no fun in the whole process because you spend all that waiting time NOT enjoying the cool new item. When you get everything you want immediately, your life is filled with fun experiences that you never have to earn and whose novelty NEVER runs out.

3. Working for things is boring and makes you feel used

Earning the things you want is for suckers. There is no reason why you should have to go out and earn money to buy the things you want—you should just put them on a credit card. This isn’t the third grade and you don’t need any gold stars to show what a good little worker you are. After all if you don’t pay the credit card bill, who cares? They’ll just charge it off or…something…

4. Stress over finances can’t be as unhealthy as everyone says it is

You’ve heard it all — ulcers, high blood pressure, insomnia, weight gain — sheesh, is there any medical illness that isn’t attributed to stress over finances? It can’t be all that bad. Look, millions of people live paycheck to paycheck each week and just skate by on what they are earning and they don’t all end up sick all the time…or at least…they don’t talk about it if they are. They don’t worry about boring stuff like emergencies, retirement and college savings — why should you?

5. You CAN have everything you want if you just rationalize it enough

There are about a million ways you can make yourself think you can afford something. You can tell yourself that you won’t go out to eat next month (even though you know it’s not true). You can tell yourself that this is the last splurge you’ll have until Christmas (even though you already plan on splurging again next week). You can tell yourself that your budget will be back on track in a couple more weeks, so this won’t be a big deal (even though you have been telling yourself for the past year or two but it never seems to actually get, “back on track”). Just tell yourself whatever you need to hear to make it okay and then spend!

Creative Commons Licensephoto credit: ladybugbkt

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Author Info

This post was written by Yolander Prinzel. Yolander is a financial writer as well as a series 7, 66 and 2-15 licensed representative. During her decade of financial industry experience she has been an insurance agency director of marketing and director of operations, a life insurance underwriter, and a trading service specialist for Raymond James Financial Services. She was a featured speaker at the 2006 Hartford National Sales Conference and the 2006 Brookstreet Securities Annual Conference. Check out her portfolio at

6 Responses to “The Argument against Frugality”

  1. Matt Kelly |  Nov 10, 2009 at 11:45 am

    It sure was easy to ignore my personal finances before I go them under control.

  2. Yo Prinzel |  Nov 10, 2009 at 11:51 am

    It always is Matt–just like its easy to ignore a little weight gain when you want the piece of pie :)

  3. Sun |  Nov 10, 2009 at 11:18 pm

    I consider myself frugal, however I also want to enjoy things when I am able to enjoy.

  4. Ken |  Nov 11, 2009 at 3:55 am

    I’ve bought into some of these for sure. I like to think I have more restraint now. Still a work in progress.