This is my blog and my opinions. If you don’t want to read my rant about frugal necessity vs it being a luxury for millionaires( or asset millionaires) don’t read it then.
Recently, I followed a blog trail and ended up at someone’s site that was dedicated to being very frugal and ways to save a buck. Some of it was weird and using really cheap food stocks. ( think the blue box of mac and cheese and Krusteaz pancake mix). Ok, perhaps they’re not all bad but still.
Anyway, then this blogger is writing about being debt free and their monthly expenses. I was still on board here at this point. Then they go on to talk about net worth and assets. So she says, well our net worth went up $69,000 from the stock market taking our net worth to over @ $2,000,000. I just about threw up. Why are you even taking about trying so damn hard to be a cheapskate when you have that much money to draw from if you need it.
So then I started really thinking about this in relation to some other bloggers that do the same thing. The most famous is probably Frugalwoods. She wrote a book about how being frugal lead them to be FIRE and independently wealthy. What she doesn’t say is that her husband has continued to work from their home for an IT company whose salary is over $250,000 a year and benefits on top of that. Her salary comes from her blog, book and some independent consulting.
You know what? It’s easy to save 75% of your salary when it’s that big. Or even 50%. Honestly, it really seems to me pretentious and dishonest. Yes, it’s terrific you can grow kale on your 66 acre farm in Vermont to save money. And you eat the same thing for lunch every day. But it’s another thing is that YOU DON”T HAVE TOO> You have the savings to fall back on but what about the people that don’t.
How many low-income people eat beans/rice/pasta while struggling to pay the rent. They can hardly make ends meet and being frugal is a necessity. They have no savings, retirement, etc. They live paycheck to paycheck. We’ve been there.
Even now, we have Social Security and a small amount in retirement that we started way too late. Yes, that’s our fault but remember when you have no money to save because your bills/income are the same, ( actually bills out numbered income) so there is NO wiggle room.
PS. We still have a mortgage so that didn’t create the asset!
There are a few other bloggers like that, that I’ve just stopped reading because it’s ridiculous to read about trying to sell stuff on eBay to make a few bucks when you own multiple homes worth millions. Why not just donate that stuff to Cancer thrift or something?
Now they whole Frugal thing is so popular right now and I totally support it especially ones that really do give genuine advice because they are NEEDING to be frugal. I remember Frugal Queen in the UK. She had a terrific blog and had to be frugal.
I don’t know… clearly this is a rant of mine which I take full responsibility for and that it clearly hits a nerve.
I think it is important to be frugal and careful with money and really everything including ones resources. But it’s another thing to have a blog about being frugal when all the while it is just white privileged rich people needing to pretend they need to save a buck because that’s how they got their money?? Not!
And BTW, it’s a great thing to pick up pennies or whatever change you find on the ground especially when your annuities and income are almost $6,000 a month. Whew, that must be tough.
And BTW, Thrifty Mom from Boise is really thrifty because that’s how she survives as a single mom with 2 adopted children. Now that’s real.
Okay, enough ranting. I’m going to go figure out my budget for our fixed income and see where I get too.
Please, do not respond in any nasty way. I won’t post those and it’s not worth it.