What is frugality

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What is frugality?
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Aims of the workshop

• Learn about the concept of frugality
• Think of examples you have seen
• Analyze your own belongings
• Compare different situations in the world
• Think how to apply the concept of frugality into
  Pearson College context.

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Is a life style that dictates

• making the best use of resources rather than
  consuming.
• Reduction of useless expenses.

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Life is really simple, but we insist on making it
complicated. - Confucius
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In economic terms

• Given that progress has created commodities that
  are cheap, abundantly available and thereby
  routinely wasted.
• The more expensive a commodity, the more
  conservatively it is used.
• Thus, frugality is Intentional conservation to
  reduce waster, conserve resources and save money.

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Frugality in mathematical terms

• Living on less than 80 of your incomes.

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How?

• Think more, and you will realize that frugality
  is already present in your life
• Have you passed your textbooks onto your younger
  siblings?
• Have you gone up through the stairs when you
  could have used the elevator?
• Have you taken your own bag when you went to
  canwest mall to shop?

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Please take out the bag that you brought( purse,
schoolbag, toilet bag)

• 1. Open your bag
• 2. Take everything out
• 3. Approximate the cost of every object
• 4.Choose the essential5. Approximate the cost of
  whats left

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Average weekly food consumption of families
around the world

• Published National Geographic

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Italy The Manzo family of SicilyFood
expenditure for one week 260.11
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Germany The Melander family of BargteheideFood
expenditure for one week 500.07
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United States The Revis family of North
CarolinaFood expenditure for one week 341.98
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Mexico The Casales family of CuernavacaFood
expenditure for one week 189.09
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Poland The Sobczynscy family of
Konstancin-JeziornaFood expenditure for one
week 151.27
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Egypt The Ahmed family of CairoFood expenditure
for one week or 68.53
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Ecuador The Ayme family of TingoFood
expenditure for one week 31.55
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Bhutan The Namgay family of Shingkhey
VillageFood expenditure for one week 5.03
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Chad The Aboubakar family of Breidjing CampFood
expenditure for one week 1.23
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Group discussion frugality in pearson college
context

• How relevant is the concept of frugality in
  Pearson College?
• How is it related to oikos day?
• How relevant is in my daily life?
• What are its long term effects?

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Possible policies for the college
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Thank you very much!