Recent Articles

Aug 4Doug Smith

Buzzword of the Week: Frugalista

Aug 4Doug Smith

This week’s buzzword is a turn on fashionista, people who are continuously seeking and wearing the latest fashions. The sub-species Frugalista refers to people who keep up with fashion trends without spending a lot of money. Investopedia tells us that Frugalistas stay fashionable by shopping through alternative outlets, such as online auctions, secondhand stores, and classified ads. They also reduce the amount of money spent in other areas of their lives, such as by growing their own food and reducing entertainment expenses. This is a popular trend during recessionary times.

Frugalistas also try to maintain expensive-looking cosmetic appearances. For example, they may still get an expensive haircut, but they might cut back on their TV subscription to afford the recurring expense.

 

B2B CFO®

Free Discovery AnalysisTM

Fill out the form to receive your
Free Discovery AnalysisTM (a $1600 value)