Are you frugal or miser?

Yes, yes. I know that you are not a miser. But let's first take a look at what does being frugal and being miser actually mean. Frugality means using or spending no more than necessary. On the other hand a miser is a man that lives poorly in order to pile up wealth. So we can conclude that a frugal person spends no more than necessary, while a miser spends less than necessary. On the other side there is a spendthrift who spends more than necessary.

I believe that all of us are sometimes miser, sometimes frugal and sometimes spendthrift. Probably we are more on the side of being spendthrift. Whenever you buy something cheap compromising functionality you need, you are a miser.

In the process of organizing your personal finances, there is a risk of acting as a miser. Be aware of that. The point is to get things done, not to spend as little as possible.

But don't worry too much. You don't need to be perfect. You will certainly make mistakes, but that is OK as long as you keep your eyes open.