|About the Book|
The average household has nearly $16,000 on credit cards and more than $33,000 in student loans. In total, they represent over $2 trillion of American debt. Clearly weve got a problem.Leaders tend to recommend that we keep spending, avoid theMoreThe average household has nearly $16,000 on credit cards and more than $33,000 in student loans. In total, they represent over $2 trillion of American debt. Clearly weve got a problem.Leaders tend to recommend that we keep spending, avoid the concerns, and maintain the status quo. We tend to call student loans good and necessary, but dont equate the debt with lifelong repayment plans, default, and ruined credit scores. Meanwhile, credit card companies bait us into spending more than we can, on things we dont need, to impress people we might not care about. Its a recipe for disaster, and a bubble waiting to burst.Thats where frugality can help. The word might remind you of boring grandparents talking about the Great Depression. They might have mentioned that a penny saved is a penny earned, while flashing back to days of penny candy. For most people, that mentality doesnt make sense today. Some say, I dont mind debt because it helps me live a more comfortable life.Well, today lets consider an alternative.-How about a life thats yours and not a banks?-How about a budget thats easy to understand, flexible, and lets you splurge here and there?-How about a philosophy that is about helping everyone -- yourself included?-How about the freedom to travel on your own dime?-How about a plan that will last a lifetime?Frugality is the missing link in a world overgrown with consumption and materialism. With Frugaling: Save more, live well, give generously, Sam Lustgarten aims at the heart of the corporate, consumer culture. The book provides an outline of his debt story, steps taken, and critiques of the advertising world.If we save more, we can live better, fuller lives. We can cut down on our environmental impact, and give to others in need. And well realize that theres more to life than that new pair of shoes.