The Frugal Mind
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).
Income tax checks are a great chance to be frugal. You could use the money to put a down payment on a new car or to buy that surround sound system you always wanted. A frugal person will save a portion, pay off any outstanding debts with a portion, and use the rest for a treat that they have desired for a while (maybe a professional hairstylist or a new outfit for business meetings).
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 is about spending money the best way it can be spent. You learn to compare items and opportunities and decide which one is the best choice for you. It requires a willingness to do some research, a boldness to ask questions, and the ability to walk away until another day (or for good).
A thrifty person is also willing to sacrifice some of the momentary pleasure that spending money can bring in order to enjoy their money to a higher degree later on. This requires a leap of faith at times, though, because the results of saving money are not always instant.
A great way to start on the frugal path is to meet some truly frugal people. They will be the happy people who have no hefty bills weighing them down because they have paid them off. Talk to them about their walk and see if they will help you along your own journey.
Much more than saving money, living thrifty means that you are prepared to make thoroughly sound financial decisions that will work out for the best good in the end.
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).
Income tax checks are a great chance to be frugal. You could use the money to put a down payment on a new car or to buy that surround sound system you always wanted. A frugal person will save a portion, pay off any outstanding debts with a portion, and use the rest for a treat that they have desired for a while (maybe a professional hairstylist or a new outfit for business meetings).
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 is about spending money the best way it can be spent. You learn to compare items and opportunities and decide which one is the best choice for you. It requires a willingness to do some research, a boldness to ask questions, and the ability to walk away until another day (or for good).
A thrifty person is also willing to sacrifice some of the momentary pleasure that spending money can bring in order to enjoy their money to a higher degree later on. This requires a leap of faith at times, though, because the results of saving money are not always instant.
A great way to start on the frugal path is to meet some truly frugal people. They will be the happy people who have no hefty bills weighing them down because they have paid them off. Talk to them about their walk and see if they will help you along your own journey.
Much more than saving money, living thrifty means that you are prepared to make thoroughly sound financial decisions that will work out for the best good in the end.
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Are you tired of struggling to keep up with your credit card debt? Learn some simple ways to pay off credit card bill on the Debtopedia website. Visit http://www.debtopedia.com for a free copy of my "Secrets Of Credit Card Debt" report.
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