Why Should You Be Frugal?

Being frugal shouldn’t be seen as a negative habit. Rather as being economical with money, and not wasteful of money or resources. Frugality is about getting the best option for the money, not the cheapest option. It’s also about focusing more on the bigger picture rather than the quick wins.

Here are a few examples of what being frugal will help you do:

• Helps you make good purchase decisions and control the urge to spend money on any unnecessary items. 
• Helps you attempt the do-it-yourself route before either hiring someone to fix or repair an item or buying a new one.
• Helps you set yourself a ‘fun’ budget each month to keep you going and motivated.
• Gives you financial stability and work out what’s worth investing in.
• Helps you spend time researching things and making sure you buy things for the best price available, whether that’s by searching for vouchers, buying second-hand or making sure they find available discounts.
• Helps you become more organized, pay bills on time, find great ways of saving money and become more intentional with spending.
• Helps you spend less than you earn, stay away from bad debt and pay off our debt.  

• Helps you stop trying to impress others.
• Helps you live a simple and eco-friendly life.

Being frugal can actually be worth it. Learning ways you can be frugal can definitely make you wealthier and will also allow you to focus on your long term goals, while deriving enjoyment in what you already have.