Despite the misgivings of certain individuals who have an absurdly black/white view of the political spectrum, conservatism does not instantly mean hypocrasy and it certainly is not necessarily far-right in philosophy. Conservatism can be broadly categorised in two areas:
1. Fiscal conservatism. A belief in personal responsibility for finances. Scaling back taxation to allow greater control over individual incomes. Conservative thinking promotes cutbacks in public spending enabling tax breaks to be given to those that are earning, and believes in helping those out of work back into self sufficiency.
2. Social conservatism. Contrary to the fiscal conservatism, social conservatives believe in placing restrictions on personal freedoms, resulting in more government involvement into the daily lives of individuals. This is also known as neo-conservative
I am a fiscal conservative, but a social liberal.