I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Sunday, 17 May 2015

Being Frugal???

British Dictionary definitions for frugal




1. practising economy; living without waste; thrifty

2. not costly; meagre

Sometime, Uncle8888 seriously don't understand the few bloggers who are constantly preaching on this topic: Being frugal to become more wealthy; you are on your way to your financial independence.

One of those few quoted examples is this one.

Drinking coffee/tea during tea-breaks if your office have formal or informal tea-breaks.

Drinking free 3-in-1 or 2-in-1 coffee/tea from your office pantry is being frugal and help to save more money to become more wealthy.
Uncle8888 rarely drinks his free 2-in-1 coffee from his office pantry. He walks out of the building to the coffee shop to drink his kopi-O siew dai. 

So his monthly cost for two kopi-o sessions per working day is about $40.

By not saving $40 more per month; he is not being frugal?

So what is being fugal?

living without waste

Is drinking kopi-o at coffeshop is living WITH waste?


Being frugal or Overly obsessed with saving?



  1. I concur. Some people are overdoing this frugal crap at times.

  2. Hi CW,

    I agree. Those type of frugal is living without taste! Not waste!


  3. Lucky I didn't even drink coffee, one less trouble to think about :D

  4. Frugal to me mean:

    1. No chicken (prostitute)
    2. No Smoking
    3. No alcohol
    4. No Gambling (Casino, 4D, etc)

    Save lots of money not doing the above.

  5. Hi bro8888,

    So naughty :)

    I think being frugal means you don't spend what you don't value on. If you don't value on coffee, spending a few dollars extra on it doesn't mean anything to you, so might as well go for the cheapest. I think frugality is not just about absolute numbers, it's about whether your spending is in line with your values. If it's not, it's not frugal.

    I don't spend money on drinks when I'm eating alone because I bought my own water bottle. But when I meet with friends, I don't mind drink $10 on premium coffee and cakes. I also spend on the cheapest ballpoint pens for my own use, but don't mind buying $150 for a haversack bag. How to make sense of me? Hahaa

    1. E.g. Walking under hot Sun to save on bus fare is being frugal. Not sure how many can agree?

  6. A thin line between being frugal or giam siap. Some people mixed them up.

    e.g. Saving on kopi o sessions of $40 per mth but took office pantry 3 in 1 is not frugal. It is more of seeking value at other's cost. Frugal is more of instead of drinking premium coffee at Starbucks or Coffee Beans, a kopi o at coffeeshop is an acceptable alternative;

    Walking under hot sun to save bus fare is not being frugal. However, using a bus / MRT instead of the car is being frugal. My opinion only. No offence, no defence.


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