The Good Life: Yankee Thrift in Action

With Wayne being a Baby Boomer and me, GenX, retirement is something for which our budget revolves around. When Wayne starts collecting social security it likely will be funded at 100%. For my generation? Not likely! Saving for us isn’t just a way of life but as old age approaches, a necessity.

In the examples below you’ll see how Yankee Thrift  is the way to a richer life for us. It’s about making smart purchases without the purpose of showboating. In other words it’s not about buying something because it’s on trend, or you need the latest model, or to feed an insecure desire to impress. It’s about quality and self-reliance with the smarts to know when you need to secure the services of a professional or invest in a big expenditure. We save where we can and spend more on where it counts. You’ll see how in each example we’re cutting back but it’s not a sacrifice:

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Yankee Thrift Explained, The New Yorker, 1961

Take thrift, that presumed state of misery and penny-pinching. Proper Yankee thrift, on the contrary, feels delicious. In my experience there is a kind of nausea that attends too long a time of buying too many clothes for too much money; of paying more for restaurant dinners than they are worth; of disgorging lavish tips for which one is not even thanked (as who doesn’t have to, these days).

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