Extreme frugality – a good thing or a bad thing?

Posted by louisa on Friday 22 July 2011 in Featured, frugal | 14 comments

Extreme frugality worries me. I’m not talking about when people have to do it from absolute necessity – when they have no other choice because either their kids will starve or they’ll immediately lose their home etc. I mean when already frugal people declare they’re going to tighten their belts to a supermodel-thin level by choice – as various frugal living bloggers do from time to time.

Of course, personal reduction challenges can be useful in themselves or very interesting as self-reflection exercises. They can help break bad habits, force you to try new things (dried pulses can be fun!) or reveal things about yourself. A great example of this is Consumption Rebellion‘s $2 a day food challenge – it was fascinating to see how quality of food can affect someone in the short term as well as the well known health effects in the long term.

“How low can you go” can be interesting too – watching as people reduce their outgoings by choosing cheaper alternatives or cutting out luxuries – but at the same time, I worry that it can become a one downmanship game, an unspoken “you have to be –> this frugal to be a frugal blogger” competition. I also worry that with some people, there is a martyrdom aspect to their new “extreme” path, as if they’re trying to atone for previously spendthrifty behaviour. They wear their extreme frugality as a hair shirt.

Most importantly though, I worry that general extreme frugality is like a short-term extreme diet. Everyone knows those diets are bad news – that they’re more likely to result in bingeing behaviour at weak spots and people tend to regain all the weight lost, and more. Extreme frugality doesn’t seem sustainable and could impact their (and their families) general attitude to frugal living.

Perhaps I’m being unfair. Obviously “extreme” is a very subjective term and what I might think of as “extreme” frugality isn’t what the people doing it think – although from descriptions, I suspect there is some overlap.

I also suspect it very much depends on the individual’s goals/priorities. My priority is kinda indicated in the blog’s title (and certainly on the About page) – I want to live well on a budget rather than super-frugally because I’m really interested in the ongoing journey not the destination. Admittedly part of that is because I don’t have to live super-frugally – we have enough money for our day to day living, aren’t having to save for anything in particular at the moment and don’t have debts (other than a mortgage) to pay off — but even if I was saving furiously/paying off debts, I think I’d prefer to have a slightly larger amount to spend day to day and less going into savings/debt relief – I want to enjoy my life, to live a really good life. While I suspect it’s easier for me to say this now than if I was living it (life with debt is scarier than most debt-free people think), I’d rather spend a little longer paying off those debts than be miserable and potentially risk my health in the meantime. Perhaps that’s just me though, and I’m worried about “extreme frugal” stints because it’s something I would be reluctant to do, without a very good immediate reason.

What do you think about “extreme frugality”? Have you given it a go at any point? What was your experience? Do you think my worries are unjustified? Do you think I’m being unfair?

I’d love to hear other people’s opinions on this.

(Photo by sufinawaz)