Let’s say you’re looking for a new blender. Why do you need a blender? I don’t know, something about “healthy smoothies” or something. You go on Amazon you look up blender and because you want super duper crush technology and “total annihilation mode” you find the XF-8756 Samurai model. The blades were fashioned by ancient Japanese Samurais, curved blades that look like katana blades. The Samurai blender slices up bananas and protein powder like ancient Samurais did during the Sengoku period. So this blender is like $200, while most other ones are $30, but again, you want that total annihilation mode. So you get this one, you read the reviews because you a smart, independent consumer who ain’t need no salesman. Basically 90% of them are 5 star, now you can rubber stamp your purchase and be on your way.
How can you be frugal? To answer this question, it depends at what kind of frugality you are looking for, are you doing to do a clean cut on the budget, looking to implement austerity? Just trying to stretch the budget a little further? Just trying to save enough to afford a new hobby? Looking to retire early? No matter your strategic goal, frugality boils down to decision making. How do you make good decisions? With good information, information is a necessary condition of frugality, without good information any serious attempt at being frugal will end up in a cloud of confusion and the occasional look at bank statements will be one met with disappointment.