Meet the Frugalwoods blogBlog

Meet the Frugalwoods blog

And what they are doing appears to be making them happy.Even if Frugalwoods could afford to cut back and not be as frugal, I appreciate how they haven't let their income and net worth stop them from pursuing what matters most to them.If I had as much money as them, would I be as frugal? Thames writes about money-saving techniques and tips, monthly expenditures, and her and her husband’s quest for financial independence, which they’ve achieved at the ripe age of 32. They’ve also built a healthy investment portfolio.

But then I started to look into the From what I can tell, Frugalwoods already had quite a blog following before the book was published. They The most curious feature of the Frugalwoods’ saga is what’s missing from the narrative, and what gets magnified.

I don't consider us to be middle class, based on our income.Maybe they do this in an attempt to relate more to their audience.

Liz writes the excellent Frugalwoods blog, which chronicles her young family's experience with extreme frugality. Meet the Frugalwoods – A Solid Read That You Should Probably Pick Up. Probably not. Sometimes the stories pander to Millennials by touching on issues like climate change — “Frugality is So who are these financial independence sermons for?

For most of us, there are no dividends: just thrift.The Frugalwoods made a name for themselves teaching millennials how to save money.

“I think it’s very important for me to recognize that the way in which I experience frugality is not going to be the way in which everyone experiences it.”But here’s the thing. The Western elite’s obsession with frugality stretches at least as far back as the inception of the Following the 2008 recession, a new kind of self-help guru — the Millennial frugality expert — emerged from the rubble. And then I started reading the reviews on Amazon for the book. Sure, maybe they had certain things easier.But what matters to me is what I can start doing in my own life. Millennials have been caricatured as affluent liberal-arts majors with no career plans, but the reality is Then, of course, there’s student loan debt.

That amount of savings is going to build fast. And yet, there’s a moment in their PBS special when Liz appears to concede that her advice might only be relevant for a lucky minority. But people read their description of retirement and get confused. Because whatever happens in the years ahead, penny-pinching will likely remain a lifestyle enhancement for bourgeois Millennials who possess enough money to enjoy the dividends of being thrifty. Buy “Meet the Frugalwoods” here and help support the MSoLife blog! That what they are writing about is true to what they are doing.But I also do feel like them considering themselves middle class to be semi-offensive.

(Her site also documents their adventures owning a 66-acre homestead in rural Vermont, a subject I love.) In Review: Meet the Frugalwoods. “Meet the Frugalwoods” puts you into an uber-frugal mindset and opens up your mind to create other ways to stop wasting money and the most valuable commodity of all, time. Trouble is, you have to start with a lot of it.Their story slots neatly into a classist myth that millions of adults in this country still believe.Following the 2008 recession, a new kind of self-help guru — the Millennial frugality expert — emerged from the rubble.Elizabeth Willard Thames' new book, out on HarperCollins Our struggles pale in comparison to where some other families are, and I know we are well off.When we talk about our finances and ideas, I think it is essential to be transparent about our situation. What if you were able to retire in your thirties by simply living more “intentionally” and investing in low-fee index funds?

But I'm not going to pretend we are poor either.

Overall, “Meet the Frugalwoods” is a fun book to read. I found their story fascinating.

It was not my intent to blog about the book Meet the Frugalwoods as my first book review, it just happened to be the one I was reading at the time when the blog was born.

Even if I am reading a story about someone who makes much more than I do, I'm sure there are things I can learn.The point isn't to try to invalidate other people's experiences. Why are the Frugalwoods and their ilk broadcasting their life stories as practical advice for a generation that, on the whole, is just trying to stay afloat in the present, much less retire before 35? If you … Liz from Frugalwoods talks about her blog and book, how she got started with frugality and the amazing benefits it brings. And that’s a shitty idea to perpetuate. From what I can tell, Frugalwoods already had quite a blog following before the book was published. They thought they could relate to their situation and what they accomplished is accessible to them.

The goal isn't that we should all make the same amount of money because we are on different paths.We can accuse Frugalwoods of misrepresenting their income class, and I think that has some valid points.

When they find out that their situations aren't lined up, it can take the wind out of their sails.The fact that they were able to save over 70% of their income, not including their 401k contributions, should have made it evident that their income is way more than the average.If you have a family and make $50,000/year, the most frugal people aren't going to get anywhere close to a 70% savings rate.

With the buzz around their first book, the Frugalwoods now have a unique opportunity to spread their philosophy to the masses. They quit their jobs and bought aI did enjoy the book, mainly with how it motivated me to pursue our financial goals.

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