I certainly don't consider myself frugal (dining out is my (delicious) downfall). But I started caring about personal finance a year ago, when I started reading personal finance blogs. That's when I realized I have a tremendous advantage on my side (time - I'm 22), and that if I start investing right away, compounding interest is going to be amazing for me.
Of course, to be able to invest, one must first save. So that's how I realized that I need to have my priorities straight when it comes to spending. I don't have a new car and I won't be getting cable, although I always make allowances for food. After all, we are what we eat.
