Are You Frugal or Are You A Failure?

If you kid is ready to go for university education, do you decide to send him to a university that charges the cheapest tuition fee, just being frugal?

Jack, a mediocre in sales business, has a two year old son. When he buys his son milk powder, his deciding factor is price. He simply compare different brands of milk powder and buys the cheapest one among them. I am sure he understands that different types of milk powder has different food value and may cost differently, and therefore the better ones are more expensive.

He told his wife that all milk powder are the same as long as the milk can fill up the boy's stomach. Do you consider him as a frugal man? No. I don't! I don't because he is not providing the best things in life for his loved ones. He does not earn enough.