Comments on: Does Being Frugal Mean You’re Good With Money?

By: Relationships and Money | Military Personal Finance Roundup

Relationships and Money | Military Personal Finance Roundup — Tue, 11 Jun 2013 13:47:42 +0000

[…] your frugality make you good with money? It’s a great question that this blogger focuses […]

By: Rich Uncle EL

Rich Uncle EL — Mon, 13 May 2013 15:51:02 +0000

To give my input and not sound repetitive, the answer is a big fat N to the O. Being frugal means you’re cutting back on certain things for whatever reason, but then be a horrible book keeper with the money. So I agree a balance must be made to be known as you are good with money.

By: Dylann Andre

Dylann Andre — Tue, 07 May 2013 12:48:15 +0000

This is one very good point to tackle. Just like you, I regard people who are good with money are those that know their priorities on where to spend their money, and somehow being frugal on those things they can afford to let go or not to have.

By: Favorite Posts, Mentions, and Top Comments Week of 28April2013 | Evolving Personal Finance

Sun, 05 May 2013 10:02:40 +0000

[…] Daisy from When Life Gives You Lemons asks if being frugal means you’re good with money. […]

By: Updates: April 28 – May 4 | The Outlier Model

Updates: April 28 – May 4 | The Outlier Model — Sat, 04 May 2013 20:16:39 +0000

[…] Add Vodka shares a personal story and wonders whether frugality and money sense have any correlation. […]

By: Francieidy

Francieidy — Fri, 03 May 2013 14:42:14 +0000

Great post. I agree with you. There’s times when being frugal means you’re good with money and there’s time it does not. I have a friend who only buys things on sale but she’s alway buying things so she’s actually not saving all that much. Also for your friend, being frugal/good with money is a life choice. It’s just like trying to quit smoking or another addiction. You have to try and keep trying even when you fail.

By: Does Being Frugal Mean You're Good With Money? | When Life … | Saving Money

Thu, 02 May 2013 06:00:37 +0000

[…] Read more: Does Being Frugal Mean You're Good With Money? | When Life … […]

By: Canadian Budget Binder

Canadian Budget Binder — Thu, 02 May 2013 04:45:11 +0000

It’s one of those cases where you were judged based on on frugality alone where that simply means nothing if one doesn’t know the entire picture. Being frugal does not mean one is good with money. We have a friend who is broke,I mean living pay to pay and then some. She coupons like crazy, spending money to save money. She thinks she’s being smart with her money, frugal because she shops at Dollarama, the thrift shop etc and she very well may be BUT she doesn’t have the money to spend. So,there is a fine line between frugality and money management just like there is with investing. Just because one invests doesn’t mean they are good with money and investing either. Like you said, it’s just part of the picture and everyone’s definition will mean something different to their personal situation. Frugal just falls under the umbrella term of personal finance in my opinion. Great post.

By: Liquid

Liquid — Thu, 02 May 2013 04:33:56 +0000

I think being frugal will help make you good at managing your money. Sort of like how being patient can make you a better golf player. But there are other factors involved like wealth management skills and learning the difference between risk and opportunity that all play into how good (or bad) we are with money 🙂 Interesting topic. Sounds like your friend might be a bit jealous of your financial prowess.

By: ND Chic

ND Chic — Thu, 02 May 2013 02:17:30 +0000

Some of the cheapest people that I know are bad with money. They will barely tip but aren’t actually saving any money. However, you can be good with money and frugal. But being frugal doesn’t mean you’re good with money.