I saw this coming months ago....can't say I'm surprised. The middle class definition is getting smaller and the "rich" definition is getting bigger.....sigh.
New York Post Article
Taken from above linked article. Emphasis added by me.
Over the years there are negative stereotypes with being frugal.
-you are poor
-you are cheap
But now I am seeing a trend frugal means
I wanted to see what some of your definitions were on being frugal.
In all of the research (both online and in books) it seems to me that there are two schools of thought when it comes to frugality. I'm curious to see where you all stand.
One school of thoughts seems to be to spend as little money as possible at all times. Kind of hoard your money mentality...
fully funded Emergency fund?
I'm so confused by this. My goals were to:
1) pay off debt...YEAH! DID IT!!!
and 2) fully fund Emergency Fund.
My thoughts on an EF are that I have catagories that I save in so that money is there when I need it. I'm also thinking that an emergency fund would be...