Comments on: When Did Frugality Cease Being a Virtue? http://www.youngandfrugal.com/2008/03/24/when-did-frugality-cease-being-a-virtue-in-our-society/ Business and Personal Finance for Millennials Wed, 08 Sep 2010 17:39:47 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Wayne Silverman http://www.youngandfrugal.com/2008/03/24/when-did-frugality-cease-being-a-virtue-in-our-society/comment-page-1/#comment-978 Wayne Silverman Mon, 20 Oct 2008 04:37:40 +0000 http://youngandfrugal.wordpress.com/?p=34#comment-978 Oh I also wanted to mention that I am in awe of you that you mentioned Ben Franklin. Did you know that Thomas Jefferson warned against the creation of a central bank, and bankers in general. If you really want to read some interesting history Google "the crash of 1837", a hundred years may have past but the song remains the same! Oh I also wanted to mention that I am in awe of you that you mentioned Ben Franklin. Did you know that Thomas Jefferson warned against the creation of a central bank, and bankers in general. If you really want to read some interesting history Google “the crash of 1837″, a hundred years may have past but the song remains the same!

]]> By: Wayne Silverman http://www.youngandfrugal.com/2008/03/24/when-did-frugality-cease-being-a-virtue-in-our-society/comment-page-1/#comment-977 Wayne Silverman Mon, 20 Oct 2008 04:33:30 +0000 http://youngandfrugal.wordpress.com/?p=34#comment-977 The negative savings statistic you mentioned isn't real. The number that the government uses to measure savings does not include stocks, mutual funds, bonds or money markets. Even with the recent decline there is an aggregate of 15 trillion or so in retirement accounts, that's $50,000 for each of the 300 million people in the US. The negative savings statistic you mentioned isn’t real. The number that the government uses to measure savings does not include stocks, mutual funds, bonds or money markets. Even with the recent decline there is an aggregate of 15 trillion or so in retirement accounts, that’s $50,000 for each of the 300 million people in the US.

]]> By: BDO http://www.youngandfrugal.com/2008/03/24/when-did-frugality-cease-being-a-virtue-in-our-society/comment-page-1/#comment-49 BDO Tue, 25 Mar 2008 11:36:48 +0000 http://youngandfrugal.wordpress.com/?p=34#comment-49 Good post. It is amazing how many people try to stretch the dollar while they are in business, but won't bring the same skills home in their own finances. Good post. It is amazing how many people try to stretch the dollar while they are in business, but won’t bring the same skills home in their own finances.

]]> By: Penelope http://www.youngandfrugal.com/2008/03/24/when-did-frugality-cease-being-a-virtue-in-our-society/comment-page-1/#comment-48 Penelope Tue, 25 Mar 2008 05:16:40 +0000 http://youngandfrugal.wordpress.com/?p=34#comment-48 I couldn't agree more. In fact I wrote a post titled <a href="http://ourfourpenceworth.com/language-lesson-frugality-is-a-virtue/37" title="Frugality is a Virtue" rel="nofollow">Frugality is a Virtue</a> last month which looks at the root of the word "frugal," a descendant of the Latin <i>frugalis</i> which did mean "virtue" or "virtuous" among many other positive things. It seems to me that people of old really did have the right idea and that change really isn't always good. Cheers, Penelope I couldn’t agree more. In fact I wrote a post titled Frugality is a Virtue last month which looks at the root of the word “frugal,” a descendant of the Latin frugalis which did mean “virtue” or “virtuous” among many other positive things. It seems to me that people of old really did have the right idea and that change really isn’t always good.

Cheers,
Penelope

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