What is Living Frugal? Frugal Living for Dummies

Living FrugalO.K, so you’ve decided to make a change and try living frugal. Great, but what does frugal living really entails?

Most people confuse frugality with tight budgeting and self deprivation, but the truth is that frugal living is more about:

Smarter Money Management
Or, simply put, s-t-r-e-t-c-h-i-n-g your money as far as it can go…

For most of us, the money that’s coming in is not under our control. Of course that we’d all like to earn more, and we all know for sure what we’re going to do with that extra money.

But the plain truth is that unfortunately, most people can’t control the amount of money that’s coming in. After all, if they could – they would.

So what’s left in your power is to s-t-r-e-t-c-h your money as far as it will go, so that you and your family can have better life, the life that you want and dream for yourself and your family.
Smarter Spending
Or, in other words, getting the best deal on everything that you buy.

That means learning to save money on groceries, getting the best insurance deal, optimum management of your debt, loans & mortgage, getting the best deals on cable, internet, phone, mobile etc… 

Restrained Spending
Or, in other words, conserving resources. By saving electricity, water, gas & petrol you can save a lot of money that can be used for other purposes. Once again, saving resources doesn’t mean depriving yourself of A/C, heating, showering etc. What it does mean is using these resources in a more restrained manner, by taking care to details and avoiding unnecessary waste.

And doesn’t it feel great to know that you’re also doing something good for the environment while you’re at it?

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