Comments on: Maslow’s Hierarchy Of Needs And Frugality

By: Baby Boomers Avoiding The Negative Inheritance Problem

Baby Boomers Avoiding The Negative Inheritance Problem — Tue, 14 Jul 2009 04:51:48 +0000

[...] Many baby boomers want to leave an inheritance to their descendants when they get older. Research has shown that for some seniors, leaving an inheritance to their beneficiaries provides a senior with a sense of heritage, belonging and security. All of which are important human needs as described in Maslow’s Hierarchy of Needs. [...]

By: doctor S

doctor S — Wed, 22 Oct 2008 20:35:39 +0000

This is the biggest trouble people have today is dciphering what is a need versus what is a want. Maybe if more people read and really took in Maslow’s theory people would act differently? I am going through this current struggle with several individuals in my life. I should probably show them the chart, but they will get quite mad!

By: Frugal Babe » Archive » Welcome To The 142nd Festival Of Frugality

Frugal Babe » Archive » Welcome To The 142nd Festival Of Frugality — Tue, 09 Sep 2008 04:54:31 +0000

[...] from Moolanomy has a post about Maslow’s hierarchy of needs and frugality, and makes the observation that "by overspending money on “wants” and not [...]

By: observer

observer — Fri, 05 Sep 2008 01:04:19 +0000

Hey – I studied this theory last year when sitting for my PMP exam, never thought to apply to the world of pf

I had no idea there are exams for this sort of thing.

By: Data Entry Lady

Data Entry Lady — Thu, 04 Sep 2008 12:24:16 +0000

Many are having to figure out what they “NEED” versus what they “WANT” in today’s economy. What are considered needs today are very often what were wants yesterday. The list of material things that we become attached to never ends. Do we NEED a PC or a TV or a car? It’s relative.

By: Kat

Kat — Thu, 04 Sep 2008 03:23:16 +0000

I was pleased to see you say that you can be frugal and achieve the 3 highest tiers on Maslow’s hierarchy. In fact, for me, I believe that my choice to work less (and be frugal) is helping facilitate those higher levels, especially the creativity piece as part of self-actualization. Thanks for the food for thought ….

By: Pinyo

Pinyo — Wed, 03 Sep 2008 20:50:50 +0000

@MoneyGrubbingLawyer — Thank you. You comment also further illustrate the point.

@Tracey — Thank you. I don’t know about home run quality, it’s hard to judge my own work. I can usually tell when I did a lousy job, but not the other way around. By the way, I had to look up what “quixotic” meant — another new word for me.

@Greener Pastures — Great point about looking outward; especially at other culture to understand wants versus needs. I saw a show about folks in Tibet last night and they have far less than we do, yet they appear to be super content with their lives.

@Andy — Now I am curious…how does Maslow’s theory relate to Project Management?

By: Andy

Andy — Wed, 03 Sep 2008 18:34:54 +0000

Hey – I studied this theory last year when sitting for my PMP exam, never thought to apply to the world of pf. You’ve done a great adaptation.

By: vilkri

vilkri — Wed, 03 Sep 2008 16:46:51 +0000

This is one of the best posts I have read. I like the way you make the connection to frugality. I think it is so easy to forget what really matters in life (and with our finances) that it is equally easy to get lost in all the “noise” with which we get bombarded every day. Once you are lost, it is easy to get into trouble.

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Wed, 03 Sep 2008 14:36:02 +0000

Coincidentally, I was listening to an audio CD during my commute this morning on microeconomics. The theme of today’s lecture was built around this fundamental economic concept: consumer purchasing decisions are primarily based on self-interest.

A simple concept no doubt but one that cannot be overlooked.