I was discussing some stuff with the finance gang, and we came up with the idea of being frugal. You know the usual stuff about being frugal with money, but there’s also another less discussed but related topic – that of being frugal with one’s time.

First of all, my definition of being frugal is to be efficient and not be wasteful. The action you do must be aligned with your values. So the distinction between stingy and frugal is that – whether what you do are aligned with you values. If you like being sociable, and like hosting parties and cook outs with people, then spending money along that direction is not wasteful. It’s aligned with what you want to do. But if you can’t tell sage from rosemary, and don’t care less about food, spending money on such things will be a waste of resources. That’s not being …