The Difference Between Frugal and Hoarding

From Reddit:

“I don’t think frugality is about not spending, it’s about not wasting. Often the two seem synonymous because so much stuff is pretty terrible value when it comes down to it. But ultimately, money in the bank does nothing for you once you’re dead. The reason to be frugal is so you have money to get or do the things you really want, rather than wasting your money on things that don’t give commensurate value. Having an experience has value both in the experience itself, and in the having of it (e.g. I really want to go skydiving, if I go and it turns out to be really boring or not fun, I have still been skydiving which is worth something to me) so it’s really up to you to decide what the experience is worth to you. I can be frugal not because I skipped skydiving, but because I skipped buying drinks at the bar so I could go skydiving.”

Full discussion http://www.reddit.com/r/Frugal/comments/1y2x1g/how_do_you_reconcile_frugality_with_wanting_to/cfgz1mr