Money Podcast

Podcast #44: Abundance vs. Frugality Money Mindsets

Which money mentality is better?

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Podcast 44: Abundance vs. Frugality Money Mindsets

In this episode, Jess and Laura discuss two disparate money mindsets: abundance vs. frugality. First, we dive into a definition of each:

  • Abundance money mindset: Someone with an abundance mindset believes that there’s enough to go around — enough time, enough money, enough energy. People with this mentality believe that spending money on things you value is okay, because you can always make more money.
  • Frugality money mindset: Someone with this mentality exhibits the quality of being thrifty with money, food, or other goods. They believe in saving and only spending money when necessary. Oftentimes people with this mindset will go for the cheaper option whenever one is available.

Abundance vs. Frugality Money MindsetsIn this podcast, we share how we have used both mindsets at different points in our lives. For example, a new college grad might expect to be more thrifty during the early years when student loan payments are high and salary is low. Once your pay increases, however, it can be tempting to match your lifestyle to this new raise in income.

We believe that neither mentality is always right or wrong. Rather, it’s all about the phase of life you’re in and determining which things you value enough to spend more money on.

Check out the full episode for examples of abundance vs. frugality in action to help you decide which one to employ in your life.

For more, listen and subscribe to Adultescence podcast on Apple PodcastsSpotifyGoogle Podcasts, or wherever you listen to podcasts.

By Laura Davis

Laura is the co-founder of Adultescence, a podcast and blog for post grads, where she writes about friendship, dating, and career with the mission of helping guide twenty-somethings through early adulthood. She has written and edited for a variety of lifestyle publications, including Let's Eat Cake, Popular Science, and Flixed.

When she's not typing away on her laptop, you can find Laura working on her MBA at Boston College, listening to Taylor Swift, or sweating it out at an OrangeTheory class. Follow her on Instagram @LauraKristine21 and LinkedIn.

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