Mark Cuban hit the nail on the head when it comes to great money habits. Mark Cuban’s advice to twenty somethings in a recent interview with Richard Feloni of Business Insider – live cheaply!

I only wish he would have substituted the word “frugal” for cheap. Why? Many people, particularly young and uniformed people, have strong negative feelings about the word cheap. What they may not fully appreciate is it is wise to make thoughtful choices with limited resources. When you describe someone as wise or prudent for being frugal you honor, empower and encourage them to make smart  choices.

What are your thoughts on frugality? Do you agree with Mark Cuban?

Frugal: careful about spending money or using things when you do not need to. -Merriam Webster 

Quotes, Reading, Resources

…Rich people don’t necessarily act the way that the rest of us might think they do…Thomas Stanley 
Author, The Millionaire Next Door and  Stop Acting Rich and Start Living like a Real Millionaire

…He who will not economize will have to agonize… Confucius

…The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality…Ben Franklin

Inceptia – Great Advice for Grads 2014 / Sam X Renick, page 7
Bankrate.com, Sheyna Steiner – To act like the rich be frugal
Kiplinger – Frugal Habits of the Super Rich
GoBankingRates.com, Stacey Bumpus – Money Saving Tips from Reese Witherspoon, Angelina Jolie and Other Frugal Celeb Moms 
InisderMonkey.com, Rownok Rayhan- 10 Billionaires Who Live Like Regular People
CitizensVoice.com, Kara Zoeller – Here Are Frugal Ways to Have Fun with Kids
Oprah.com – Raising Frugal Teens
Get Rich Slowly – How to Raise a Frugal Child
The Dollar Stretcher – Living Better for Less
Phroogal – Phroogal