Frugal Articles of the Week

Every week I like to feature a few frugal articles that caught my eyes. Curl up in your favorite reading nook and enjoy. Hopefully these encourage you to live frugal lives!

Most millionaires say they’re middle class by Robert Frank
There’s something strange about money. No matter how much people have, it never seems to be enough. Take this recent article from CNBC highlighting millionaires who say they’re middle class. It’s possible, but only if you compare them to the richest in Manhattan. Middle class on a global scale is an income in the tens of thousands of dollars per year. With a million or two, you’d be sitting pretty in most of the world.

Your stock picks say a lot about your age by Barbara Kollmeyer
As a shareholder of Tesla (TSLA) stock, this article spoke to me. Tremendous variations in stock ownership by age groups are present. Younger people tend to own technology companies and older adults choose stalwarts such as General Electric. From an investment perspective, it says a lot about future wealth and generational changes in stock market valuation.

Is Frugality Sustainable Without A Goal? by Mrs. Frugalwoods
Oh, I love this one! Mrs. Frugalwoods highlights the importance of goals and planning for frugality. She notes that there was a time before frugality where she was adrift and spending more than she should, but then there was an awakening.

I secretly lived in my office for 500 days by Terry K.
This story either represents the ultimate simple life/minimalist or someone in intense desperation. With skyrocketing housing prices in Los Angeles, one person took to living in their office for 500 days. He explains how this “financial fix” became a “lifestyle.”