Simultaneously Frugal and Extravagant




Simultaneously Frugal and Extravagant? What on earth is Mr HM on about?!  Well, what I'm 'on about' is another Jewish wealth principle.

It is not unusual to hear Jewish folk going off about the price of petrol, how much coffee is, how on earth they are going to afford this that or the other ..... whilst the Mercedes is quietly sitting in the driveway and the gardener is pruning the roses.  It sounds hypocritical and fake, however it is not. You see, Jewish folks understand that wealth has a purpose and that it is not an end in itself. Being generally frugal allows spending on other things that are important to them. Jewish folk will scrimp and save on a whole myriad of things whilst simultaneously funding some really big ticket items.

The Jewish family who invests several million dollars/pounds into a local hospital will probably be also drinking no-name tea and coffee, shopping at Aldi and snipping coupons. Our said Mercedes-driving Jewish neighbours will also be getting their shoes repaired, cooking all their meals from scratch, wearing the same outfits from season to season and still using fly swats (because Mortein costs money and fly swats are essentially free!!).

Quintessentially, Jewish folk spend money on what they value. Their values are well balanced across family, synagogue, community and country.  Their children will get a lavish education whilst sharing a bedroom with siblings. The synagogue will get a fat subscription every year whilst the family takes a packed lunch daily. Their local community will have this Jewish family as a known financial benefactor of many good causes, whilst also being known to bargain with the butcher over the price of Friday chicken. The same Jewish family and their brothers, aunts, uncles, parents, cousins....(there is never just one of them!).... will also have their names on those plaques you see on Universities, hospitals, schools, galleries and the like, as being major investors and/or patrons. You'll also see these exact same folk buying specials in bulk too.

Jewish folks spend up big on things that are important to them or things that represent quality. They will also purposely spend as little as possible on absolutely everything else. There is the lesson right there.

Take care folks and stay nice.

Mr HM

Comments

  1. Sounds like our home Phil, we live frugally so we can afford nice days out and have always had a decent car and nice holidays, this is done by living frugally 99% of the time.

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  2. I think of it as having my priorities straight...I'd much rather pack my lunch for work and give the extra money to my favorite charity...

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  3. This is what I do. I live frugally so I can travel. It's all about priorities. :)

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  4. Wonderful principle to live by and one we could all benefit from. Thanks for the reminder. Cheers Lyndie

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  5. Hi Mr HM,
    I just love this, it is what we do, use it up, make it do, cook from scratch, line dry the washing, walk and ride instead of using the car, all frugal things that save a lot of money in the long run so we can invest that money into what brings us joy. Have a splendid Sunday.
    Fi

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  6. Very interesting post. Makes perfect sense. Financial planning at its best.

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  7. It is all about being a good steward of one's resources isn't it? Whether that be money, time and talents. Stewardship implies responsibility beyond one's own family circle reaching out to neighbours and community.

    I really enjoyed doing my grocery shopping this week because I didn't need anything and was just able to shop the specials to add to our stockpile. Frugal fun!

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  8. That's how we live too, Mr HM. It is just the sensible thing to do and it helps if that is the way one was brought up as it just the norm.

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  9. Hello there, I just found your blog and this is the first post I've read. I plan on reading more. This post is perfect, I love it! It reminds me of my own Asian background and how we handle our finances using the concept of 'Stealth wealth'. It's awesome. This is how we managed to save money to completely pay for our daughters university education, no student loans needed - and we live in the U.S. where college is astronomically expensive. Also, to pay off our house years ago. When we were first married (23 years ago) my husband and I were spendthrifts, but thank goodness we finally came to our senses and prioritized what truly mattered to us. Thank you for this post!

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  10. This is such a great concept and one I try to live by as well. If I can save here and there on things that I don't value then I can save/splurge on those I do.

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