Having a Frugal Mindset
Many people confuse being frugal with being stingy. A stingy scrooge saves their money, but has nothing but misery to show for it. Someone who lives with a frugal mindset, however, knows how to make sound financial decisions in an effort to improve their life.
There are always ways to spend your money ? no matter how much you have. You can buy your lunch at work or you can buy groceries to make your lunch to take to work. The frugal person will make her lunch and then save the rest of the money for something else (a vacation, paying off the mortgage early, a spa day as a treat, or a new pre-owned car).
You can have a frugal mindset when it comes time to receive your income tax refund. This extra money could be spent on a stereo system for the house or as a down payment on a flashy new car. The thrift individual, though, saves some of the money, pays off debts with some, and then uses what is left to enjoy themselves with something special, like a new outfit.
Frugal people do indeed save much of the money they receive, but that doesn't mean they don't enjoy their money as well. Even though thrifty people blow money at times in splurges, it is always controlled spending.
Being frugal means spending your money in the best way possible. That means that, before you make a purchase, you will compare products. It means that you will not be afraid to ask questions about something before you spend money on it and that you can be patient if necessary, waiting to make a purchase until the time is right financially.
It takes a special mindset to live a frugal life. You have to understand the bigger picture and be willing to sacrifice a little now in order to gain a lot tomorrow. The trick is that you may not be able to see the gain for some time. It's a walk of faith that in the end it will be better.
If you are interested in living a more frugal life, talk to people who are doing it now. Observing their happiness due to lack of oppressive debts will be inspiring. You can discuss your financial plans with them and ask for assistance and you make your way through life, frugally.
Learning to be frugal will help you to save money, but it is not just about the money. A frugal person learns to make the best choice in financial situations so that he can enjoy his life to the fullest.
There are always ways to spend your money ? no matter how much you have. You can buy your lunch at work or you can buy groceries to make your lunch to take to work. The frugal person will make her lunch and then save the rest of the money for something else (a vacation, paying off the mortgage early, a spa day as a treat, or a new pre-owned car).
You can have a frugal mindset when it comes time to receive your income tax refund. This extra money could be spent on a stereo system for the house or as a down payment on a flashy new car. The thrift individual, though, saves some of the money, pays off debts with some, and then uses what is left to enjoy themselves with something special, like a new outfit.
Frugal people do indeed save much of the money they receive, but that doesn't mean they don't enjoy their money as well. Even though thrifty people blow money at times in splurges, it is always controlled spending.
Being frugal means spending your money in the best way possible. That means that, before you make a purchase, you will compare products. It means that you will not be afraid to ask questions about something before you spend money on it and that you can be patient if necessary, waiting to make a purchase until the time is right financially.
It takes a special mindset to live a frugal life. You have to understand the bigger picture and be willing to sacrifice a little now in order to gain a lot tomorrow. The trick is that you may not be able to see the gain for some time. It's a walk of faith that in the end it will be better.
If you are interested in living a more frugal life, talk to people who are doing it now. Observing their happiness due to lack of oppressive debts will be inspiring. You can discuss your financial plans with them and ask for assistance and you make your way through life, frugally.
Learning to be frugal will help you to save money, but it is not just about the money. A frugal person learns to make the best choice in financial situations so that he can enjoy his life to the fullest.
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posted by Credit Counseling at
6:59 AM
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