Is being frugal greed?

1. 60

   Elizabeth Guinooposted 13 years ago

   Is being frugal greed?
   
   Frugal seems misunderstood by others. How can you differentiate those two.

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   lilibeesposted 13 years ago

   Frugal is not greed if your doing it to advance your finances and family. Saving money here and not spending there is not greed it is smart.

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   Victoria Stephensposted 13 years ago

   Greed is someone who always wants more than they'll ever need. 
   
   Frugal is someone who stretches their money as far as they can in order to get the things they need.

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   JMattinglyposted 13 years ago

   Frugal is being responsible.  I see greed as wanting more than you need of something, and frugal as wanting enough of something forever.  Maybe I'm wrong here, but that's my simple mindset at work.

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   framistanposted 13 years ago

   That is a very good question.  I like everyones answers showing how to differentiate greed from frugality.  But i think frugality CAN lead to greed if you are not carefull.

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   Scott_Griggposted 13 years ago

   Frugal is trying to save money by being careful and educated about what you are purchasing. Greed is the aquisition of money. I believe most people who are frugal aren't greedy, they're trying to save money because they can't acquire it.

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   Jan Fowlerposted 13 years ago

   Being frugal is using up every last drop of shampoo. Greed is not letting anyone else use the very last drop of shampoo.

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   Gary Rowellposted 13 years ago

   Frugal means thrifty and there is nothing wrong with saving your own money. Greed is selfishness.

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9. 62

   FabLiz86posted 13 years ago

   It can be good to be frugal and does not mean that you are greedy.  But, if you focus too much on keeping all of your money (rather than giving to others in need when you can) that can lead to greed.  I believe it is good to be frugal and generous that way no money is wasted and it is going to those who need it most.

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10. 60

    Mavis Nongposted 13 years ago

    Frugal is not greed. It's being smart, saving money and spending it wisely. Greed is when you are never satisfied with what you have, always wanting more than you need.

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