Frug Hacks

Frugal versus Cheap

Frugal versus Cheap

Warren Buffett, one of the world’s richest men, and the most successful investor of the 20th century still lives in the home he purchased in 1957 for $31,000. At the same time, he’s pledged billions, billions with an (s) to the Bill and Melinda Gates Foundation. Warren Buffett is frugal but not cheap. Frugal people (or Frugs) are sometimes called cheap because they wear older clothing, drive old cars, skip expensive luxuries. I believe there are a few key differences between being frugal and being cheap. Here they are:

Frugal people are not afraid to spend on others.

Someone who’s cheap may shortchange someone on something as simple as a well-deserved tip. Sometimes the bellman, the excellent server, or the maids that cleaned your hotel room are the people who need that tip the most. Always tip generously for good service. Cheap people may skip a charitable donation or ignore others in need. Saving, so there’s more to spend on others, is one of the most rewarding parts of being frugal.

Frugs don’t buy cheap stuff or sacrifice quality to save a buck.

Cheap people often buy cheap stuff, on SALE. Walk into any big box store and you’ll see some of the most beautifully packaged and presented junk anywhere this side of the western hemisphere. To be truly frugal, don’t replace anything until it’s worn out or unrepairable. When the time does come to replace that necessary appliance etc., search for quality and value. Who knows, in your search you may find you don’t need that new item at all. At the very least, you’ll want to find something you know will last for years and avoid the hassle of having to replace it or repair it in the near future.

Frugs don’t have FOMO

This is what I call it the “think it over skill” that Frugs have. A cheap person may snatch up a sale item for FOMO. Fear of missing out on the deal without thinking about the real cost of every item you add to your pile of stuff.

If you don’t have the “think it over” skill, here’s a quick remedy that really works. When making a significant purchase, just wait 1 day. One day. You may find the impulse to purchase it goes away or the sale will be over and you won’t want to buy it at all. That’s it, just wait one day. If after thinking about it and looking at options (like what is already in your closet) then buy something that will last a decade.

A frugal person would not skip necessities.

Someone who is cheap may skip an important doctor’s appointment or drive around on bald and dangerous tires to save a buck. Part of the benefit of being frugal is saving to assure necessities for you and your family are met. A garage and basement full of stuff won’t do you any good from a hospital bed.

Speaking of hospital beds, a Frug sees the benefits of living lean, like avoiding the 99 cent value menu because there is really not much value there at all.

In many ways, making health a top priority (yes, even over work) pays great dividends. Fitness is a great substitute for the latest styles. For years, I thought replacing perfectly good clothing going from a 32 waist to a 36 was just part of the aging process. A frugal person will be able to replace something when it’s truly worn out versus getting rid of clothes that just don’t fit anymore. I’ve decided to stop at 36 or maybe even go backward a bit. Everyone is different but adding, long term financial benefits to fitness helps motivate me.

Frugal people or (Frugs) look at the real cost of ownership versus buying something just because it’s a great deal.

Another benefit of living lean. Time. The more cheap stuff we bring into our lives, the more time we need to spend repairing it, storing it, cleaning it, shopping for it, and finally getting rid of it. A Frug understands the value in not owning something at all, and the freedom of living lean, freeing up time for a more experiential lifestyle.

Frugal people practice moderation and understand the virtues of delayed gratification.

Fugal people aren’t afraid to spend on experiences they’ve saved for. They understand that experiences have far more value than stuff. While a cheap person may skip travel or a nice meal in a restaurant altogether, a frugal person understands that by saving on life’s everyday expenses, they are pursuing a goal of adventure and experiences.

Cheat sheet for being Frugal versus Cheap.

Frugal people are not afraid to spend on others.
Frugal people (Frugs) look at the real cost of ownership versus buying something just because it’s a great deal.
Don’t buy cheap stuff or sacrifice quality to save a buck.
Frugs don’t skip necessities like healthy food, medical treatment or important repairs.
Frugal people practice moderation and understand the virtues of delayed gratification.

The Frug

How to protect your credit and get free 24/7 identity theft monitoring.

11/18 by The Frug Leave a Comment

By Brad Beckstrom

If you’ve ever used a credit card, online accounts, applied for loans or online offers, you’ve most likely already had parts of your identity stolen. Somewhere someone is keeping a file on you and that includes your Social Security number, addresses, recent passwords, and other information like your mother’s maiden name.

About once every year or so we get a new credit card number when fraud is detected on one of our two credit card accounts. This is a pain especially if you use online bill pay or financial tracking tools like Quicken or Personal Capital. (Everything needs to be updated, again.)

However, it’s relatively minor and common compared to full-on identity theft. Identity theft can come in many forms. Over the years we’ve experienced people successfully changing our address and getting a new credit card sent to them. Another fraudster created an actual credit card replica that was successfully used at Nordstrom and several other brick-and-mortar retailers. We’re also part of several data breaches per year including big ones like recent Target and Experian breaches as well as smaller ones most people never hear about. [Read more…] about How to protect your credit and get free 24/7 identity theft monitoring.

Are GPS apps rendering part of your brain inactive?

07/16 by The Frug Leave a Comment

How to vastly improve your experience with maps and keep your head from getting lost in the map on your smartphone.

By Brad Beckstrom

Cartography – The study and practice of making maps.

Remember paper maps? I’m talking about the big unfolding kind they used to give you at tourism offices, AAA or full-service gas stations. How about the slick plastic coated ones that you could access with one hand on the steering wheel trying to navigate in a city like Rome or Washington, DC? Or the jumbo 50 page city or county map books they used to sell at office supply and convenience stores for about 18 bucks, still popular with some realtors and salespeople who work in remote areas or haven’t jumped on the smartphone bandwagon yet. Or the mother of them all, The Rand McNally Road Atlas hundreds of pages just waiting to be explored. I always had a thing for maps. I was always up for exploring out-of-the-way places, and maps helped me get there.

When my boys were younger, we used to play a game called “spin the globe”, wherever you land, you have to go there. I remember once my oldest son spun the globe and landed on Yakutsk, Russia generally considered to be the coldest inhabited city on earth with average temperatures of -58°F. He immediately added the city to the weather app on his phone and kept an eye on the place, occasionally sharing the sometimes ridiculous low temperatures. I don’t think I’ll ever see Yakutsk but I have a feeling he might.

Once GPS came along I knew I was hooked. (Finally an answer for my lack of direction in life.) I played around with some of the earliest handheld GPS units, the kind where you had to load a CD onto your computer then somehow transfer maps to the GPS unit. These early units were popular with boaters because it’s very important to know where you’re going on the water. You also need to know about a third dimension, the depth of the water so you don’t end up on a sand barge, as I occasionally did. At least I can blame the fricking GPS unit versus my lack of preparation with paper navigation charts. [Read more…] about Are GPS apps rendering part of your brain inactive?

How to hack your Keurig Machine, make better coffee, and keep K-Cups out of landfills.

06/16 by The Frug Leave a Comment

By Brad Beckstrom

Ahh coffee, the fuel of empires. There is something about that hot, head-clearing beverage as it hits the back of your throat. I like to have two cups in the morning to get me going, any more than that I start shaking and develop twitches. I think of coffee as a do-it-yourself beverage, preferring to brew it at home rather than frequent coffee shop lines or convenience store baristas. You might think it’s odd that I have a Keurig machine, the hugely popular coffee system that unfortunately is filling our landfills with plastic K-cups. K cups are certainly not frugal compared to buying a bag of good coffee at Costco or grinding your own beans.

It turns out that the Keurig Classic is one hell of a coffee maker without the K cups. Part of the reason for the machines success is the ability to get the maximum amount of flavor out of the minimum amount of coffee. The problem is is that the K cups often don’t have enough coffee in them especially if you use the 8 or 10 ounce setting, you’re just adding more water.

The Solution

A while back I purchased a Keurig Classic that was on sale due to the fact that a newer version Keurig 2.0 was coming out with an enhanced digital display. (Hint avoid appliances with digital displays, especially unnecessary ones). I had talked myself out of this purchase until I noticed the display of reusable K-Cups next to the coffee maker. I took the leap, calling it an experiment with the intention of returning the machine unless I absolutely loved the coffee. The results were fantastic, not only could I use my favorite coffee, I only needed half as much to get the same taste versus my old plastic drip coffeemaker.

The Hack [Read more…] about How to hack your Keurig Machine, make better coffee, and keep K-Cups out of landfills.

Gratis Photography. The ultimate list of curated free photo sites to make your creative ideas pop.

03/16 by The Frug 1 Comment

By Brad Beckstrom

Images are the language of a generation. Regardless of our race, language, our education, our views on the world, we can all be moved by a great photograph. If you’re creating a blog, presentation, new website, or just want a fresh look on your boring computer desktop, a great image can communicate a lot. Most modern websites feature a single image or video across the entire top third of the page.

Just one image

The best presenters use one large image per slide and just a few words to communicate their ideas. Watch any Ted talk and you’ll see very few people presenting slides full of words, charts, and bullet points. Less is more. Some of the best blogs have a consistent look and feel using images to accentuate quality content. Even tweets and Facebook posts with images get far more attention than a string of text with a link.

If you work for a large company, you may have access to a stock photo account or archive. I’ve found that even some of the largest stock photo sites lack some of that creative edge I’m looking for. I can often spot traditional stock photos instantly. You’ve seen them, people with coffee and laptops usually perfectly dressed for a business meeting in 1996, pointing at things and smiling, maybe even a high five.

Know the rules

How the ordinary can become extraordinary.

02/16 by The Frug Leave a Comment

What can you create that people will be talking about in 100 years?

By Brad Beckstrom

If you were asked to create a time capsule that would be opened in 100 years what would you put in? I recently spent some time with my sister and cousin Dave looking through some old family photos and letters that were found in my grandmother’s attic. A few of the photos were tintypes most likely created in the 1870s or 1880s. Many more were from the 1920s – 1960s.

Looking through several hundred of these, I learned quite a bit about my family. Like the furniture company in Baltimore that my great great grandfather owned in the 1880s. My grandfather’s brothers and family who were lost or left behind after wars or immigration. The search my grandfather made for some of his brothers who were living as far away as Texas and California in the 30s and 40s. Or his mother, sister and youngest brother who stayed behind in Finland when their father and older sons emigrated to the United States. When they caught up again, so many years had passed that my grandfather and his brother who were left behind no longer spoke the same language and the letters needed to be translated on both sides. I had a great uncle in Finland named Thor. No doubt descended from Vikings!

Time seeds

The letters were helpful in putting dates and addresses on things, but so many of the photos didn’t have names, dates, or places. The cars, the clothing, even the type of photograph were like time seeds helpful in piecing some things together. After looking through a lot of these, I realized a lot of the old photos I’ve taken don’t include dates, names, or places either.

100 Years from now.

I thought about how it’s important to leave some kind of record. [Read more…] about How the ordinary can become extraordinary.