Guide to Frugal Living
Most people think that frugal individuals are simply tightwads who will not spend their money at all, on anything. This, of course, is not true. Frugal people have learned how to control their money by limiting spending on unnecessary or spontaneous purchases. It isn’t something that comes easily; in fact, frugal living is quite hard. It takes a lot of thought and discipline. Frugality is about restraint. It’s about finding the best value and using an item until it cannot be used anymore.
Frugal living is a lifestyle not everyone would enjoy, but almost everyone would benefit from saving money on everyday purchases. Frugal living is about living well with what you have. It is living below your means, like living on only 80 percent of your paycheck instead of the entire thing. Frugal living is being conscious of your spending and making sure that a purchase is a need, not a want. It is about researching and comparing prices in order to get the best deal so money is never wasted. Frugal living is seeing an unlikely treasure in items using your creativity. It is not living a life you dread waking up to, it is not thinking that money controls you, and it is not about what only works for you. Everyone is different and so are frugal lifestyles. For instance, just because I live frugally, doesn’t mean you should. The way in which I live frugally may not be the same as someone else living frugally either.
Frugal living gives you the ability to own a vehicle rather than leasing one. Frugal shoppers rarely, if ever, shop with a credit card. If you are frugal enough and make wise decisions with your money, you can have nearly everything you want, without the stress associated with being in debt. Frugal living takes a lifetime commitment. You have to make it a part of your daily routine, always looking for ways to recycle, cut waste, and limit spending. The majority of frugal people accomplish this by setting goals and adhering to those goals, no matter what. In order to attain the goal, frugal people generally choose to maintain a strict budget.
One of the largest problems that many consumers face is shopping. With a frugal lifestyle, you make the conscious decision not to shop anymore on frivolous things but only for things you need instead. Frugal shoppers know exactly what they need and look at all of their options. Being frugal means that you make do with what you have. You use all of something before getting another. Contrary to what many believe, being frugal does not mean giving up on all the things you love. In fact, you can still enjoy the same luxuries, provided that those luxuries fit well within your budget. If not, you simply put it off until they do. Rather than going into debt for something, you wait until you can afford it without hurting your budget or putting off your main objective.
Being frugal is making the best of what you have, not what others have. Frugal living teaches us, and our children, self-control. Many people have become successful because the frugal life taught them how to sacrifice and exhibit self-control. Frugal living is not about doing without; it’s about doing better.
Article by Nikki Phipps
