For some reason, there is a myth that living a frugal life means you are living a boring life. I have even had family get on my case about not buying things. I don't care. My life is frugal, but anything but boring.
I truly believe that being frugal makes me wealthier in other aspects of life. If you want to live a fun, frugal life then read on! I have some reasons you should be...
I was financially free at 21.
Seeking financial freedom is something that many are aiming for by living frugally. Being frugal means you are most likely honest with yourself about how much money you earn, how much you spend, and how much you need in order to survive.
I have no debt.
Except my house, but I also bought a house under my budget. Having a home is very important to me, so I am okay having some debt there. But besides that, no one actually wants debt, right? By choosing to live the frugal life, you may be able to avoid debt much more than the average person. By avoiding debt, you will have less stress due to the fact that you won’t be worried about the next bill you have to pay and the amount of interest that is building up. You will also be more likely to retire earlier, buy the things that you actually do want to buy, and more.
I will have a great retirement.
Like I mentioned above, less debt helps retirement. I am able to put money into retirement. They payout will be worth it in the end by living frugally now.
I make smarter choices.
By living a frugal life, I make smarter choices with what I have, am buying, and use quality items that will last.
I have fun,
Anyone who thinks you can’t have fun while being frugal is crazy. You don’t need to spend a ton of money or be rich in order to enjoy life. I go on vacations, I have a beautiful home and one day will buy my dream home, I have a family, I spend time with friends and family, and more.
Are you interested in frugal living? Why or why not?
What questions do you have on how to live frugally?