Frugality quotes: best frugality quotes

These quotes about frugality may chime with many of you like-minded people:

It is thrifty to prepare today for the wants of tomorrow. –Aesop

By sowing frugality we reap liberty, a golden harvest.  –Agesilaus II

I am strongly drawn to a frugal life and am often oppressively aware that I am engrossing an undue amount of the labour of my fellow men. – Albert Einstein

Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment it insures the possibility of satisfying a new desire when it arises. –Aristotle

Beware of little expenses; a small leak will sink a big ship. – Benjamin Franklin

Be industrious and frugal and you will be rich. –Benjamin Franklin

If you would be wealthy, think of saving as well as getting. –Benjamin Franklin

A penny saved is a penny earned. –Benjamin Franklin

Industry, perseverance and frugality make fortune yield. –Benjamin Franklin

There is no dignity quite so impressive, and no independence quite so important, as living within your means. –Calvin Coolidge

Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery. –Charles Dickens

A small fortune comes via thrift and humility, big fortunes come from the heavens. –Chinese proverb

Frugality includes all the other virtues. –Cicero

He who will not economize will have to agonize. –Confucius

Frugality is founded on the principle that all riches have limits.- Edmund Burke

If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed. –Edmund Burke

Wealth consists in not having great possessions, but in having few wants.  –Epictetus

Frugality is a handsome income. – Desiderius Erasmus

A treasure is to be valued for its own sake and not for what it will buy. –Graham Greene

Money amassed either serves us or rules us. -Horace

Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time. –Johann Wolfgang von Goethe

The worst kind of shame is being ashamed of frugality or poverty. –Titus Livy

Were a man to order his life by the rules of true reason, a frugal substance joined to a contented mind is for him great riches; for never is there any lack of a little. – Lucretius

If all men were rich, all men would be poor. –Mark Twain

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them. –Ogden Nash

I’d like to live as a poor man with lots of money. –Pablo Picasso

Be your money’s master, not its slave. –Publilius Syrus

A man who both spends and saves money is the happiest man, because he has both enjoyments. –Samuel Johnson                  

Frugality may be termed the daughter of Prudence, the sister of Temperance, and the parent of Liberty.  –Samuel Johnson

It frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy. – Groucho Marx

Do you like any of these quotes? Add more quotes in the comments section or share on social media!

money talk

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Bitcoin and cryptocurrencies: why I’m not investing

Surf the net at the moment and you will find plenty of blog posts and articles about Bitcoin and cryptocurrencies. In particular, you will see lots of zealots and enthusiasts flagging it as a way to make a fortune. I’m sure some folk have and will make big money fast. I must admit I’ve been tempted to dabble.

Why is King Cashbags not keen to invest? If there is a chance to become King Kryptobags and make pots of cash, why am I not jumping on the gravy train with the rest of the investors who seem to be on board, and becoming fat cats overnight?

My main reason is the most obvious. I’m still struggling to grasp what it actually is and how it works. Having done a lot of research, the concept is still making my brain ache. And I’ve just read that Warren Buffet has said that Bitcoin and cryptocurrencies “will come to a bad end”. So when you have someone of that stature dissing it it’s hard not to be affected. I mean I get that we are talking about digital currencies which aren’t backed by any country’s central bank or government. And I also get that it means money can be sent and received across the internet even to someone you don’t know or trust. But it’s the buying and selling of Bitcoins that bothers me. How can I trust the seller of the Bitcoin or other crptocurrency that I will be buying for cash in the first place? And all this talk of mining it for free I find really bewildering. Perhaps if I took a degree in computer engineering, I’d have a chance to comprehend it all.

It seems like too much of a gamble. There is a finite supply of these cryptocurrencies. They also appear to have no intrinsic value. My fear is it is just a bunch of speculators following each other like sheep, hoping to buy and sell before the bubble bursts. As far as I can see there is no guarantee it will become widely accepted across the world in the way that regular currencies are. If you ever have any problems, presumably you have no recourse to any regulation or enforcement authorities?

When something sounds this great, it is difficult to believe. Surely currencies are only useful if they are stable, so that you have stable prices? Some commentators are comparing the current situation to Tulip mania. This was a period in the Netherlands in the 1600s where the contract prices of the newly introduced and fashionable tulip bulbs reached crazy levels which were out of all proportion to their value (rare bulbs peaked at 6 times the average salary!). There followed a spectacular crash, making this the earliest example of a speculative bubble.

When we bought our first property, it was just before the most recent financial crash. With a property, history tells us that the price will eventually recover and exceed what it was before the crash. With cryptocurrencies it feels as though that kind of assurance is missing.

I’ve blogged before about not taking my advice too seriously as I’m just an armchair blogger, not a properly qualified expert.  I do recommend that you think carefully about putting any money into Bitcoin or anything like it. You may have a much better knowledge of it than me though. Anyway, we shall see what becomes of it. I’m just glad I have other ways to grow my gold.

I know I probably should do more reading on the subject. I may end up being proved completely wrong in the future. But for now, I won’t touch Bitcoin or any cryptocurrencies.

Have you bought or sold Bitcoin or any cryptocurrencies? I’d be interested in your comments…

King Cryptobags
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Money blogs: best money blogs for 2018

As we trundle into 2018, there are plenty of UK based money blogs for everyone to enjoy.  The best of these money blogs spray about fresh ideas on frugality and other life hacks to aid us all juggle our pennies more skillfully and grow our gold – assuming you have a little to put aside each month that is!

The sheer number of decent ‘amateur’ money bloggers is likely due to the ease and low cost at which websites can be set up and funded  as well as the financial challenges facing many of us this decade.

It is sometimes difficult to see the wood for the trees in this forest of armchair money bloggers and some are incredibly similar. I’ve decided to draw up a premier league of my favourite British money and lifestyle blogs. I’ve avoided the more professional type of money advice websites who employ armies of keyboard warriors fueled by cash bags so big they would turn me green with envy. I also have not been influenced by what anyone else thinks of a particular site. I’m focusing on the little people – hard working ordinary folk bashing out posts on top of their day jobs and making little or nothing from their blog posts, despite getting big traffic from time to time.

There is no particular rhyme or reason to how I have ordered my league. It’s purely the royal whim of King C. And of course I favour any fellow blogger who follows and/or likes me on Twitter and/or Facebook! Hope you enjoy my list, dear readers.

King Cashbags Premiership of BUM Blogs (Best UK money blogs): 


2. Frugal Cottage

3. Shoestring Cottage

4. The Money Whisperer

5. The Prosper Hub

There are also quality bloggers based outside the UK of course. Only fair to mention some of them too.

World Champions League of money blogs:

  1. Mr Money Mustache
  2. Kiwi and Keeweenaw 
  3. 99to1percent
  4. Ninja Budgeter
  5. Budgeting for the Rest of Us
Happy New Year 2018
Happy New Year 2018
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Black Friday and Christmas shopping

With under a week to go before this year’s discount bonanza Black Friday,   I thought I would blog about shopping. Christmas is rapidly approaching and with prices high in relation to pay packets it looks as though more and more folk are adopting the cashbagger mindset. I am heartened to see this.

Luckily the mild Autumn temperatures have helped us save on heating bills so far at Castle Cashbags. As a result we should all be in a relatively healthy financial position heading into the festive season. The big news this Black Friday is that a certain German budget supermarket chain are piling into the Black Friday madness. This will be their debut in the bargain fest. I expect to find some excellent OBBs in the alcoholic beverages section.

I don’t get carried away by Black Friday and my Christmas wish is that everyone else can apply some restraint too. One of my over-worn catchphrases is only buy what you can afford. Nobody should feel the need to impress others simply from showing off the material things that they buy and use. Think very carefully how many electronic gadgets you really need in one home. The best television set in the world is not worth fighting over, that is for sure.

I do find myself wondering whether Black Friday, like the modern Halloween, is something that has sneaked across the Atlantic and which we wouldn’t particularly need or want if we really thought hard about them.

I will certainly not be rushing to buy anything I don’t really, really need or want. I would  never max out a credit card for anything. It is simply not worth it.  I have plenty grey hairs already.

As an alternative to the usual retailers, Queen Quidbags and I are big fans of the second hand goods sector. In fact, we have furnished Castle Cashbags with many items from the British Heart Foundation. Plus, money is going to a really good cause. That is much more in keeping with the Christmas festive spirit this time of year.

Santa Cashbags

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Flights – ways to get cheaper flights

Flights are not to be taken too regularly if you are serious about growing your gold fast. Not to mention that we should all be trying to save the world by reducing our carbon footprints as much as possible. However, I am a moderate frugalist and so recognise that there are times when we all want to enjoy life by jumping on a plane somewhere. Especially when Queen Quidbags needs some sunshine. Plus,  really like the whole experience of flying (airport security excluded).

So what is the best way to get a good deal on air tickets? Over the years I have found that it is by being as open minded and flexible with the times and dates of your travel as you can be. Play around with these enough and you can usually get a significantly better price. Consider departing and arriving at silly o’clock if feasible. Try to avoid Saturdays if you can. Not only is this likely to be the most expensive day, the airports and planes always seem to be packed with fellow travelers.

Do devote plenty of time for preparation before you actually book your tickets. I always use Google and Skyscanner to begin with. I then will look at other comparison sites based on what my initial search results turned up. Check the airlines’ own websites too. If it is an overseas airline, go to their website in their home country to check for better deals. You don’t necessarily have to go to the UK site.

Last minute bargains do not seem to exist so much any more. I guess this may be because many business people travel at short notice and this is where air companies can make good money. Try to book one or two months in advance if you can. This seems to work best for me. Hmmm, so where should I take Queen Quidbags and Prince Pennybags on holiday next?

Hope you enjoyed my blog about how I choose my royal money plane. If so you might also like to know how I choose the royal money train.

money plane

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Tree King: my favourite free leisure activity

I love trees. Long ago the land we now call Britain was covered in these babies. It was said that a squirrel could have traveled from Land’s End to John O’Groats without touching the floor. These days the percentage of forest land in Britain is one of the lowest in Europe. SAD!

Forests are such an important part of the environment. Not only do they suck in air pollutants and pump out oxygen, improving our air quality. They also absorb and store water, helping protect against both floods and drought. Forests also make you feel really good. The Japanese recognise the importance of spending time in forests, also known as taking “forest baths”.

Fortunately, there are still many national forests in the UK for us to enjoy. Queen Quidbags and I will often go for a nice long walk in the woods at the weekend. I’ve blogged about the financial and health benefits of walking before. In the forest these are magnified. We find it really helps bring down our stress levels. It also helps us stay in semi-decent shape. Sadly, we’ve not found a magic money tree on one of our walks yet!

Like the all the very best and most important things in life the forest experience is free.  Check out the Forestry Commission and Woodland Trust websites for woodland near you. The only charge you might incur would be for onsite parking, but you can often find free parking within walking distance. The Woodland Trust is a worthy conservation charity so I am happy to push a little cash their way.

You normally have to travel to the forest by car , which obviously costs in terms of fuel and wear and tear. I’ve previously blogged about my car musings. Interestingly, car sales dropped for the seventh consecutive month last month. I predict they will continue to fall which should decrease prices even further. So I won’t be rushing out to upgrade the royal motor just yet.

Enjoying free leisure time in the forest is one of the many small ways we slowly build our own magic money tree by living a frugal, healthy life concentrating on the things that are most important.

Magic money tree

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Property and how I invest: build a property empire

Property is one of my favourite ways to invest. There are several factors which make it a no-brainer for me when it comes to growing my gold.

Property prices can go up or down but in the long term always go up eventually. History is proof of this. So your property investment goes up in value plus you can rent it out and receive regular income as well.

Interest rates are still relatively low so decent mortgage deals still available. Bricks and mortar investment is attractive because it’s something concrete (pardon the mixed metaphor!), not an abstract concept.

Queen Cashbags and I bought our first property ten years ago. It was such a relief. Years before I had really hated handing hard earned money to a landlord who I perceived did very little, if anything. I had bad experiences with landlords as a student and later when I first worked in London. I try to be a considerate landlord as a result.

We were fortunate to be able to afford a mortgaged flat in the Home Counties. We chose the location because it was thirty minutes on a fast train to central London and five minutes walk from the station so ideal for commuters.

We bought the flat “off plan”, which basically means it did not exist when we bought it, we just had the plans of what the property would look like when built. We bought off plan because they were offering cash back on the purchase and we could customize the property how we wanted it. We chose awesome work tops, kitchen cabinets and special flooring.

We bought Castle Cashbags a couple of years ago. It is a charming Victorian terrace in the East Midlands with a pretty garden. Queen Quidbags favoured a period property, though I would have been happy with something modern for the right price!

We spent seven months looking at a variety of quirky cottages in chocolate-box villages around the East Midlands. We chose this area because it offered much better value for money and was still just about commutable to London.

We ended up buying a property in town because it was walking distance from the train station and so much nicer than the properties we had seen in the villages for the same price. We were also gazumped a few times on village properties, including a beautiful old place made of honey-coloured stone. In hindsight, it was probably for the best as that place needed an awful lot of work. There was a huge hole in one of the bedroom ceilings. I was gazumped right after I’d had a full building survey done, but managed to flog the report to the gazumper!

The rent from our flat covers the mortgages on both properties, which is a great position to be in. It’s really helping us grow our gold.

I strongly suggest you speak to an appropriately and properly qualified person before making investment decisions on property.

property investment

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Interest rate rise – is it a big deal?

There have been occasional rumours going around for much of the last decade that interest rates would go up. So today they finally did. How did King Carney’s decision affect King Cashbags? Er…not so much actually.

The rise is modest, up from 0.25 % to 0.5%. Now I don’t know about you, but I don’t have any bank accounts which are paying more than the current inflation rate. So when we hold money as cash we are losing out. And call me a pessimist, but I don’t expect any of the banks to boost their interest rates on savings accounts any time soon. So I’ll be looking at what more investing I can do, rather than holding savings in cash.

My favourite investments are property and stocks and shares. I have a stocks and shares ISA. If you don’t have one yet, think about it. I’ll post a bit more about what I’m doing on that score separately.

I have two mortgages. One is a five year fixed-rate with three more years to run so unaffected by today’s announcement. The other is a smaller mortgage on a rental property. This is a tracker, so there will be a small increase but it will be minimal and will not make much of a dent in the Cashbags gold reserves.

We bought Castle Cashbags a couple of years ago. This was our second property, having purchased our first home ten years ago. I will post more about my property investments soon.

There could be more rises to come however, so worth reviewing your mortgage situation sooner rather than later. More generally, I can offer you the following pearl of wisdom. If you adopt the Cashbagger Mindset, you live within your means, have very manageable debt and enjoy life as you dream of early retirement. Cheers to that!

Interest rate rise


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Car buying: How to be King of the Road

I’ve been thinking for the last few months about whether to upgrade the royal motor. Being the king of non-extremist frugality, I currently drive a very average car. It goes without saying that Queen Quidbags, Prince Pennybags and I are a one car family.

My frugal instincts told me to go for something reliable that gets us from A to B without overly stressing the Cashbags Castle gold reserves. We had to shell out a little more than I would have liked because Queenie doesn’t do manuals. I tend to be a bit old school, so I bought it outright with cash a few years back with plans to just run it into the ground. Fast forward nearly three years and she has served us well with no problems.

For a while though, I’ve been aware of how many flashy cars there are around. It seems as though more and more folk are buying a car on the never never. This seems like a bubble waiting to burst to me. Too many new cars, people over-stretching themselves with monthly payments. This is smartphone style finance and I’m wary of it. J P Getty ( aka old Baron Oilbarrels )did used to say if it depreciates, lease it – but he was taking about oilfields I guess. Or something else like that. But an oversupply of new cars may work in our favour. Old ones should get less pricey too.

So do I hang on to my existing wheels for a bit longer, toddle down to the dealer and exchange it plus a few grand for a slightly improved, less old motor or just lease something superior for a few years. I suspect it will take something to go wrong with the current royal chariot to nudge me out of my inaction. We shall see.

Car finance

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Frugality: The Cashbagger Mindset

I am not the type who likes non spending days. This is not the king’s style. As I have probably said before I do not like squandering money but on the other hand I am not sooooo extreme to try to wipe it out from as many of my days of the month a possible. What I do like are what I call OBBs (Opportunites to Bag a Bargain).

If I am out there spending, whether online or in store, I keep it modest. In this castle modesty is a virtue when applied to splashing cash. However, at the same time I want to think that I got the particular item or service for a good price. Ideally the best possible by my kingly standards. Therefore, I consistently devote bags time before a purchase for research.

This is usually online but could also involve seeking advice from friends, relatives and/or colleagues of me or Queen Quidbags. We might even ask Prince Pennybags for a view if it is anything remotely technical that we are thinking of parting with hard-won gold for. In fact, I am currently  working on finding the best option for a suitable tradesperson to visit Castle Cashbags for a boiler check/service. As I am sure you can imagine, Castle Cashbags can get cold in the winter, especially the dungeon. Dragons are expensive to feed so we rely on gas central heating.

I am also looking at an exciting (maybe even romantic) weekend trip away with Queen Quidbags very soon. Once I have found the best option on that I will make sure I pay via one of the excellent cash back sites that are around these days. On the rare occasions when I forget to buy stuff using cash back sites I feel genuinely gutted. For about five minutes. The King loves a bargain nearly as much as lovely Queen Quidbags.

Cash Grab

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