January 1, 2017

The wisdom of frugality: Why less is more-- more or less

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

1 comment:

  1. Frankly speaking, frugality is just like a science for me. Really, there are people who are frugal and wise by their nature and they don’t take an effort to take control over their financial life. As for me, I often put my wants before my needs and it’s hard for me to say no to myself. Sometimes I even use easy loan site to make ends meet until my payday. However, I promised myself to work on my financial behavior and I hope to improve it this year. There are many cool financial blogs that help people like me to become smarter in financial sense.


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