DEFINITION of 'Freeganism'

Freeganism is a lifestyle philosophy focused on adopting alternative means to satisfy needs in order to minimize dependence on what is termed the "conventional economy." To satisfy their needs, Freegans typically scavenge for discarded items, barter or create their own goods.


Common activities include dumpster diving for food and goods, hitchhiking for transportation and squatting or camping for housing. Frequently cited motives for adopting a Freegan lifestyle include the opposition of corporate interests, distaste for overconsumption and wastefulness, and a desire for independence from employment.

BREAKING DOWN 'Freeganism'

Freeganism is practiced on a continuum, with a range of participants from the casual to the extreme. For example, casual Freegans may have no qualms salvaging discarded goods, but refuse to eat food found in a dumpster. By contrast, one more extreme Freegan may live in a remote desert cave and refuse to use money on philosophical grounds.


Most Freegans concede that when highly specialized services are required, such as medical care, using money is sometimes the only option.

RELATED TERMS
  1. Barter

    The act of trading goods and services between two or more parties ...
  2. Lifestyle Creep

    A situation where people's lifestyle or standard of living improves ...
  3. Lifestyle Inflation

    Increasing your spending when your income goes up. Lifestyle ...
  4. Early Adopter

    An individual or business who uses a new product or technology ...
  5. Qualified Adoption Expenses - QAE

    The necessary costs paid to adopt a child younger than 18 years ...
  6. Lifestyle Fund

    An investment fund featuring an asset mix determined by the level ...
Related Articles
  1. Financial Advisor

    Adoption: How to Plan Financially for One

    Here are some tips to address the financial implications of adopting a child.
  2. Investing

    Equity Lifestyle Trades Ex-Dividend Wednesday (ELS)

    Equity Lifestyle will send its dividend payment on July 8 to shareholders of record as of June 24.
  3. Investing

    Understanding Imports

    An import is a good or service that’s brought into one country from another.
  4. Financial Advisor

    Top Retirement Hack? Start with a Lifestyle Change

    Instead of going through the usual retirement planning steps, some people are focusing on fostering a lower cost lifestyle from the start.
  5. Retirement

    Enjoy Life Now And Still Save For Later

    Find out how to balance living well today and retiring well tomorrow.
  6. Financial Advisor

    How to Formulate an Investment Philosophy

    Here are some tips to develop a solid investment philosophy.
  7. Personal Finance

    Financial Planning: It's About More Than Money

    Financial planning isn't just about the money. Find out where else to focus on.
  8. Insurance

    How To Eat Healthy Food And Save Money

    With the organic food market continuing to thrive, we look at ways in which the modern consumer can cut his or her costs while still eating healthy food.
  9. Managing Wealth

    How To Manage Lifestyle Inflation

    Learn how to manage your finances so that making extra money actually equates to getting ahead.
  10. Managing Wealth

    Invest Like A Pro

    By following the strategies of the pros, even a beginner can learn to invest like an expert.
RELATED FAQS
  1. What are some examples of barter transactions?

    Learn how bartering involves the provision of goods or services in exchange for other goods or services, and review different ... Read Answer >>
  2. Are barter transactions taxable?

    Learn what a barter transaction is, how the IRS requires businesses to report barter exchanges and tax implications of barter ... Read Answer >>
  3. How can bartering result in a more optimal allocation of resources?

    Learn how bartering helps with resource allocation, managing trade deficits and exchanging goods. Review how individuals, ... Read Answer >>
  4. How and where is revenue recognized from barter transactions?

    Find out how the IRS requires companies that engage in barter transactions to recognize the revenue from such transactions ... Read Answer >>
  5. What is the difference between barter and currency systems?

    Learn the difference between barter and currency systems in the trade of goods and services. Why is currency preferred over ... Read Answer >>
  6. What are the differences for barter transactions recognition between IFRS and USGAAP?

    Understand the key differences between how the IFRS and the U.S. GAAP accounting systems recognize and record barter transactions ... Read Answer >>
Hot Definitions
  1. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  2. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  3. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  4. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  5. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  6. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
Trading Center