Saturday, June 23, 2018

Frugal...

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About 53 percent of respondents are hesitant to get into a relationship with someone who is debt-burdened. And 60 percent have had a previous partner who was reckless with money, which made them seek out a more financially responsible partner.
For many Americans, frugality is a necessity.
Credit card debt has topped $1 trillion and student loan debt now stands at $1.5 trillion, both record levels. On top of that, inflation has generally outpaced wage growth. These dynamics make finding ways to minimize spending and reduce expenses the key to financial health for many households.
Nevertheless, it might be possible to take frugality too far and instead be viewed as cheap, based on the survey. Here's how respondents weighed in on various habits by people who aim to save money.


Habit
% who say it's frugal
Seeking out deals or coupons for all purchases72%
Regularly tracking electricity use70%
Buy clothes at department stores like Kmart, Walmart etc67%
Buying off-brand food products65%
Shopping at second-hand clothing stores63%
Regularly tracking the home thermostat62%
Watching movies at home instead of in the theatre61%
Only having alcohol at home51%
Buying no-name electronics51%

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