"Frugality means we are to enjoy what we have.  If you have ten dresses but still feel you have nothing to wear, you are probably a spendthrift.  But if you have ten dresses and have enjoyed wearing all of them for years, you are frugal.  Waste lies not in the number of possessions but in the failure to enjoy them.  Your success at being frugal is measured not by your penny-pinching but by your degree of enjoyment of the material world."

From Your Money or Your Life by Robin & Dominguez