Your's Frugally

In one of its recent articles, EWI talks about ‘frugality fatigue’. I liked the phrase. I like Socionomics and some of the recent research articles in this area are quite fascinating.

The write-up further analyses how the ‘Americans are spending again – whether they can afford or not’, how the common man is consumed by ‘The urge to splurge’ and how the current generation could be different from the one that lived through the Great Depression.

Am not too altruistically inclined to sit on a judgment as to which is most virtuous and why a rational person should be fatigued to save. We (the subcontinent) belong to that minority in the financial world that believes in saving for the generation-next. My dad struggled all his life to save for me (and he need not have done that by any stretch of imagination). My in-laws do that for their daughter. Collectively, me and my wife do it for our daughter. The saga continues. We specialize in inflicting on us maximum pain for minimum comfort. We would plan an extravagant tour of the world and convert all our savings into tour money and would all along be striving to bring back as much as possible, unspent!!! Well, that is frugality at its best (not worst).

If it is true that frugality is being given an unceremonious burial and the world is spending its way out of the current financial crisis, then let me look into the diary noting of my dad and grand-dad and great-grand-dad to find out which school of economics they all belonged to.  And write again about the virtues of being frugally wise.