Frugal chic, the movement changing the way women shop
It is, apparently, a novel concept in our age of overconsumption, that life can still be enjoyable even if you don’t have stupid money. ‘Frugal chic’ is the new lifestyle trend summed up by the 25-year-old influencer Mia McGrath, who coined and trademarked the term, as ‘living luxuriously while spending intentionally’. Frugal chic supposedly teaches young women – whose financial literacy typically lags behind young men’s – how to make their money go further with practical advice on investing and saving. This type of frugality is not about doing everything on the cheap, but rather emphasises what McGrath calls ‘value-based spending’ – for example, buying the £120 pair of shoes