Admirable. Prudence is a virtue that's underappreciated these days by society at large, and especially by our irresponsible, feckless leaders.
And we've been egged on by our wasteful, idiotic consumer-driven society to piss all our savings up the wall rather than save it; and have policymakers deliberately engineering the economy to strip the people of their savings (how else can we interpret ZIRP?). Besides the financial costs, there are the moral costs of breeding generations of feckless, impoverished spendthrifts who blow all their money on overpriced tat and live paycheque to paycheque.
The Fed and friends get a lot of hate (in places like Zero Hedge especially), but it's justified.