“Advocacy in favor of thrift can be roughly divided into two types: traditional, religiously based appeals that classify consumption in terms of vice and virtue, and pragmatic appeals couched in the language of social mobility, budgeting, and financial management.” (Lauren Weber, “In Cheap We Trust”).I really like this quote, but I'd like to think thrift can be a combination of both virtue and pragmatism. I view thrift as a practical way to manage finances, but at least for me, it's also a concept based on something more virtuous than my budget. Money teaches life lessons A lot of financial lessons are life lessons, too. The very philosophy of this site a good example of that. We're founded partly on the idea that there is no “get rich quick” scheme. Financial freedom takes hard work and patience, and I think that can be a useful lesson for other life goals.
Is There Morality In Personal Finance?
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