Are You A Minimalist, Frugalist, or A Valuist?

Hello Friends! I hope all of you are doing well today! I just wanted to express how grateful I am for everyone that is viewing my posts, following me, liking my posts, commenting on them, and just interacting with me in general; it makes my day when I see that I made a change someone’s life. Today, we are going to be talking about financial philosophies like Minimalism, Frugalism, Valuism. Each of these philosophies have their own distinct qualities but also share some common ideas. Most people in today’s world are consumerist; people who buy and acquire things that they can’t fully afford. They acquire these things either to justify their own personal worth or just to impress other people. It’s the reason why people are plagued with debt and financially instability for the most part. People just keep spending, and everyone encourages it. The more money people earn, the greater they spend. To me, I think there are two types of consumerist. The financially literate one and the financially illiterate one. The financially illiterate consumerists acquire things that eat up most of their income; they buy things they don’t need and can’t afford just to impress people. We see millionaires, billionaires, and financially savvy people have a lot of nice things. The main thing to note is that they have really low expenses compared to their total income; that’s what I consider a financially literate consumerist. They buy nice things only after they invested their money and multiplied it exponentially to the point where their money makes them even more money. With all of that being said, let’s dive in friends!


Minimalism is based off of the principle of “Living with less.” You declutter your life from the non-essential things, so that you are able to make room for the things in life that you care about the most. It’s about having the least amount of financial obligations possible so that you don’t feel stressed or worried. It’s one approach to living a financially free life. Minimalist don’t want the luxury cars, name brand clothes, or the big houses because these things usually come at a hefty price – their time. They don’t want the top of the line everything because they usually come with expensive financial obligations. To minimalists, they think that there is no point in having the nicest everything if they have to be constantly working and stressed just to be able to afford them. Instead, they would rather cut out material possessions and reduce financial obligations, so that they are able to pursue their passions or have more time to spend on things that they want to do without the stress of having a lot of financial obligations. Imagine that you have an expensive car or house or both, and you lost your job. How will that affect you emotionally, spiritually, and mentally? If you don’t have other sources of income, you might have to sell the house and the car just to be able to pay back the loan. Minimalists are also able to choose their careers more freely even if the pay is low because they don’t have the amount of financial obligations that some other people have. Depending on their mindset, they can be anywhere on the spectrum. They can be extreme and get rid of the majority of their things or they can be looser with it and just get rid of things that are luxuries or not essential. The overall mindset is don’t get stuck paying an insane amount of financial obligations at the expense of your health but instead simplify your life and live the life you want.


Frugalism is the philosophy of saving money, of being economical, and saying no to overly expensive things that can be bought at a cheaper price. Being frugal is all about changing your mindset to buy things at good prices and avoid any unnecessary expensive things. You could say that frugalists want the “best bang for their buck.” Frugalists don’t want to pay full price for a variety of things if they know that they can get the same thing at a better price. For example, being frugal might have you shopping at thrift stores where you can get discounts on clothes or other items. Another example would be to buy the generic brands of the food you get instead of buying the name brand stuff. Contrary to popular belief, you still spend money as a frugalist, but you also try to save where you can. People think that being frugal is like being cheap; this is completely wrong. Being cheap is not wanting to spend money at all for any reason even if you will like it or need it. Being cheap would mean not buying band aids because you don’t want to spend the money. There is also a difference between being cheap and being not able to afford it. Being cheap is having the money and not buying them even if you need it and not being able to afford it means you don’t have the money to buy it. I’m going to use the same example of band aids to show you all how a frugal person would approach this. Let’s say they actually need band aids. A cheap person would have the money and not buy them and just let the wound be open, but a frugal person would buy the generic brand band aids instead of the brand name band aids, thus, saving them money. They might be able to get away with medical gauze and tap, but that might be in the grey area of being frugal or cheap. It could go both ways.


This is closely related to the other financial philosophies but then again, they all are similar in some way or another. This philosophy is based on the principle of spending your money on what you truly value; It means spending money where you spend your time. This could mean spending money on your family, religion, education, or something else that you truly value and spend your time. This philosophy could get misunderstood very easily. People could just say “well I value these expensive clothes and expensive steaks.” That could be true, but this is one of the grey areas in this philosophy. You could easily get carried away with spending without realizing it, and you always try to justify it by saying “I value this.”  In order to be successful in this philosophy, you would have to soul search and find where you spend your time and what you value. You need to find your inner values in order for this philosophy to work effectively. Let’s say that you love traveling and you love spending time with your family, going on a vacation with your family would be a good idea since you value both. Where things would get blurry is if you started spending money on unnecessary upgrades and features that you didn’t need.

Which one should I choose?

Mr. Nahas, there are a lot of choices, which one should I choose? That is a great question! It all depends on your financial goals and your personality! If you are someone who can live with less, choose minimalism. If you enjoy shopping deals and finding bargains, choose frugalism. If you want to spend your money on the things that you enjoy the most and cut out stuff you don’t, choose valuism. It is also possible to choose a combination of two or all three. I don’t need the nicest clothes, nicest jewelry, nicest shoes. I don’t need to eat out every day, eat fancy meals, or get that Starbucks coffee every day. I don’t value those things; however, I do like vacations and cars. I don’t mind spending some money on a vacation that will make me happy. With that said, I don’t need the fanciest hotel (a quality hotel at a bargain price will do), nicest rental cars, or to splurge on unnecessary things when on vacation, I am content without getting souvenirs because the memories and experiences are saved in my mind. What I just described is a mixture of frugalism and valuism, I spent money on the thing I valued, which was the vacation and saved money wherever I can.  I also live a somewhat minimalistic life because I don’t have a lot of clothes, possessions, shoes, jewelry, expensive things, or other knick knacks. The point is to choose the philosophy that works for you. You need it to satisfy your financial goals, investment strategies, and your happiness. There is also no point in having a lot of money if you aren’t happy; however, happiness differs from one individual to another. It’s like a diet; you can have some things only in moderation. One last thing to note, these strategies work because people live well below their means. Their income greatly exceeds their expenses. If you see a financially literate and financially savvy person have nice things, it’s because their income greatly exceeds their expenses to the point where they can afford to buy all the nice things a couple times over.

I hope that all of you gained some knowledge about the different financial philosophies that people follow. You don’t have to follow any of these necessarily, just make sure that your income greatly exceeds your expenses; that’s really the core value in all of these financial philosophies. It’s a framework to help people save money and to spend it wisely. If you have any questions or need me to clarify anything, post a comment and I will reach out to you as soon as I can. Thank you, friends, for stopping by!

Peace Out,

Mr. Nahas

P.S. Don’t forget to like, comment, subscribe, sign-up for email alerts, and to share this, so I am able to help as many people as possible!


53 thoughts on “Are You A Minimalist, Frugalist, or A Valuist?”

  1. Glad you can share all this insight with people without the excesses of so much technical jargon, providing the information in a way that can be easily understood and people can relate to. Thank you, Nahas!

    1. Hello! I really do appreciate your kind words! I strive to make it easy to read as well as provide useful information! I appreciate you taking the time out of your day and reading the post!

      1. Your post – “How Can All Lives Matter If Black Lives Don’t?” is amazing! I know your all about finance which is important but please do continue to show your versatility by exploring other important subjects too like you have done so well here! Blessings to you my bro! 😀🙏💛👊🎉

      2. I will! Its important to me that my readers are also well versed in different subjects but also in tune with social justice. I have a diverse group of friends and the last thing I want to happen is them end up on the news because someone decided their life was not as valuable as theirs. We all need to do better. Many blessings to you my bro! 😀

    1. Thats a good combination! it seems like you only spend money where you have to and where you value but you also try to save on the stuff that you have to buy. Being a minimalist means you can focus on the things you want to focus on in life without the clutter! 😀

  2. wonderfully presented. mashallah. All of these philosophies have their own pros and cons but prima-facie I like the valuism one.

  3. This is informative. I didn’t know that there are these subtle distinctions in finances. In addition, I had no idea I am a valuist! Thank you for this post.

    1. Thank you so much! I appreciate you taking the time to read the post! Finance has so many different branches, systems, philosophies, etc. It’s important to know at least some basic information. That is good to hear that you are a valuist, it is a good philosophy to live by as it puts things in perspective and helps you decide what you should spend your money on. I hope you have a wonderful day! 😀

  4. So happy to see someone is teaching the value of finance! Interesting post about the various types and presumably one can be a combination thereof. Thanks for the follow too! 🙂

    1. Thank you so much, I appreciate you taking the time to read and engage with me. Personal Finance is definitely something that I am passionate about. And yes, you can be all three! Being all 3 is not as hard as it seems or people make it out to be, this will help you simplify your finances! And you are welcome! Take care!

    1. I think you should if you want to try it out! You may or may not like it honestly but you will never know until you try. Start off slow by getting smaller stuff that you may not have used for a while and go from there, i think that you can d it!

  5. Wow thank you. That was enlightening. I’ve always been a minimalist, but being frugality I didn’t realize I was, would just say in cheap lol and a valuist I to am. It’s funny how you can live your life in ways and not know there is an explanation or that it is actually something. I will research a vaulist more and frugality also to get a greater understand of them to develop myself even further in what I’ve unconsciously have been practicing. Thank you dearly.

    1. I am so glad to hear that you liked the post! I appreciate you taking the time out of your day to read this! And I agree, its amazing how we go through life not knowing we adhere to certain philosophies, but I am glad that you discovered it! How could I have made the post better? I am looking for feedback so i can better help everyone! Thank you!

      1. I am a visual type of person. I would say more images. As long as you aren’t making a profit for the images you use, you can use almost any.

  6. It’s nice to see these clearly defined! I never had a name for my financial philosophy before, but looking through these options it sounds like I’m a valuist. I want things that will last, so I’m willing to spend a little more to get quality but not for popularity. The only reason I look at brand names with clothes is to find the ones I know have been affordable and comfortable in the past.

    1. I am so glad to hear that you liked the post! And that’s what Valuism is all about, you want reliability and quality over cheap and undependable. This is a good philosophy to live by!

  7. Interesting. You might enjoy the post linked below. At one level, it’s about “cognitive dissonance” — but it’s also about economics and people’s investment decisions. You likely know this but say person A buys 1000 shares of IBM at 140 and B buys 1000 shares at 100. Now, it’s at 120 and both people have exactly the same information. According to classical economics since they have the same information and the stocks if of the same value, they should react similarly (ignoring tax consequences, I realize). But they don’t. Human behavior is path dependent. Same with salary offers. If two candidates go to interview for a job and A’s expectations are that the salary will be around 50K/year and B’s are that the salary will be around 100K/year an offer of 75K will be viewed quite differently. In my experience, A is much more likely to be thrilled with the offer & likely take it.

    1. I enjoyed the article! I like how you related it to investment decisions. Some investors say that being temperament is the best quality of a investor. Psychology, human behavior, and market behavior is an interesting when it comes to investing. In your example in the article and above, psychology plays a huge role in their decision to either sell or keep holding their investment. Person A might be rational and level headed and might hold IBM till a later date instead of selling at a loss. Also, person B can sell and be happy with the profit. It’s really one of the major forces in investment.

      Cognitive dissonance is an interesting topic as well. It’s like having a little angel and a little devil on each side of your shoulder.

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