With the rapid progress in economy, it is natural that people’s ideology is bound for change. Frugality is no longer a virtue to some people, and they are not alone in holding this view. Each might have different viewpoints in leading one’s lifestyle: some prefer simplicity, some love luxuries, some spend extravagantly, some hoard like a country mouse. Born poor and in the countryside, the simple rustic life seldom loses its appeal to me, but as my station changes, I have an opportunity to mingle with the newly rich, an experience which has revolutionized my pedantic and prudish self.  

   It is evil or sinful to spend little and to save much, an idea only recently being revealed to me. Actually the whole world is in a rage to borrow and to spend with the USA leading ahead. The USA is still the richest and most powerful country in the world, but the irony is they borrow money from us. Though a layman of economics, at least I know that investing with borrowed money will make the borrower become the predator rather than the decent and kind lender. The apparent case is the real estate. Those who are provident and have got loans from the bank become relatively rich by selling their purchased home at a price several folds higher. Even education is not immune from this theory. Many of those poor parents who have the vision to send their children to college have benefited from this investment, even though they have to scrape a living. It is reasonable to conclude that spending is praiseworthy, supposing it is not beyond your means.