I don't ordinarily think of BusinessWeek as much of a source for frugality tips, but the September 15, 2008 issue of BusinessWeek mentions some frugality tips from Japan in its article, A Nation of Yen-Pinchers. In particular, it features some of the ideas from a leading Japanese personal-finance blogger named Yuki Wada, a setsuyaku no tatsujin—master penny pincher. Inflation is a big problem in Japan, where gas costs $7.15 a gallon and average household spending is expected to go up about $840 for the year. So Wada and other Japanese bloggers writing on how to save money are quite popular! Wada's tips mentioned in the article include: I'm not sure how many of these might be for me, but I was interested enough to try and find Yuki Wada's blog. It didn't come up quickly (though other articles about her did). Perhaps it's in Japanese and inaccessible to me in any event. Yuki Wada's overall tip, from the article, is:I tell people you shouldn't be thrifty just in response to rising prices. It should become a daily habit.
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14 hours ago
And I am telling Wada that being thrifty for sole purpose of ..... being thrifty ..... makes no sense to me. What is the goal of Wada's thrift? Personal denial as a spiritual quest? Is she saving for something? Or is she trying to recover from the damage of years of being a spendthrift? I can accept any of these but give me one reason for the thrift. Please.
I take the simple approach to thrift and frugal habits by buying fresh vegetables and fruits, rarely any packaged, frozen or mass produced food. I also eat mostly vegetarian and keep the meat to less tahn 1% of my overall diet. It's better for your health also.
I only plug in my laptop when it needs juice, turn off lights that aren't being used and take showers using warm water (navy showers). That's kept my electricity bill around $35. Granted I live in SF where the climates are normal and mild year round, but those are simple habits I can practice that don't require all the efforts Wada describes.
I'm too tired after a day of work and other projects to save bathwater. That's just a lot of effort.
@Mr. ToughMoneyLove
After looking at her picture with the designer bag, i can see her reason for the thrift.
Maybe you're right too with your comment above: "Or is she trying to recover from the damage of years of being a spendthrift?"
We all kow that Japanese housewives are crazy for branded things.
"...but I was interested enough to try and find Yuki Wada's blog. It didn't come up quickly (though other articles about her did). Perhaps it's in Japanese and inaccessible to me in any event."
Actually, she uses her name as her URL (in the Japanese order): http://wada-yuki.com
She also has a site on about: http://allabout.co.jp/family/yarikuri/
But you are right, it is all in Japanese...
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