The book The wisdom of frugality: Why less is more-- more or less by Emrys Westacott. Michelle Singletary, personal finance writer for the Washington Post writes in her review of this book: "Given the number of multimillionaires tapped for Cabinet positions under President-elect Donald Trump, I wonder if frugality will soon be considered un-American." Singletary continues: "Since our next president is someone who represents the opposite of thrift, perhaps our country should be reminded of the virtues of living below one’s means. Thus, to celebrate the new year, this month’s pick for the Color of Money Book Club is Westacott’s The Wisdom of Frugality: Why Less is More — More or Less. The start of a new year is a good time to contemplate one's true personal values... not those that we verbalize but the values that we live by. This book promises a wonderful exploration of the values of living a simple life, which in America still means living a more luxurious life than available to anyone else in the world.
The book evolved from a college course on frugal living “Tightwaddery: The Good Life on a Dollar a Day” with an emphasis on exploring the philosophical background of frugal living. Read an interview with the author, a philosopher, at: http://press.princeton.edu/releases/m10821.html