All Entries Tagged With: "being frugal"

The idea of frugality doesn’t really get me all excited. However, it’s simply a routine now. More important, it’s a means to an end. Frugality helps you save money every month. But your efforts wouldn’t be worth if you don’t plan what you would do with saved money. Saving or earning lots of money is great. But if you don’t use your money appropriately, what’s the whole point of saving? All right, since we have started discussing this issue, let me ask you, why have you planned to become frugal? Do you have a specific goal on mind? Most of us adopt frugality either because they don’t want to work more or they have a financial goal to meet. Many people argue having a passive income is better than being frugal. While that might be true, why don’t they consider doing both?  [...]

You have a moderate income, some debt to repay, and lots of expenses every year. This doesn’t mean you have to live a life like a pauper. Yes, I know, people say being frugal is the key to get rid of your debts. Definitely, it is. However, the meaning of being frugal is being misinterpreted. Being frugal asks you to save money by eating out less, you cut down on eating at home as well. Being frugal asks you to stop using your car and travel through public transport, you start walking all the way. Instead of being frugal, you try to be cruel and end up losing the battle. There is definitely no fixed method on how to be frugal. It simply means avoid unnecessary expenses and try to save as much as possible. Frugality has never asked people to deprive themselves of necessary stuffs. And  [...]