Frugality: lifestyle that cares for the environment and your pocket

Many will wonder what frugality is. For those who do not know, frugality is a philosophy of life whose basic premise is that you can live with it right, spending only what is necessary and to the largest extent possible, saving resources. However, the concept lends itself to confusion, because being frugal does not mean being stingy or depriving oneself of tastes.
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Although you can not say that being frugal is going to make or break someone’s life, it is important to know that as a philosophy of life, frugality has its pros and cons, depending on the angle from which it is analyzed.

Benefits of frugality

Frugality attracts many benefits and there are many reasons to live frugally even when you don’t have to. Frugality aims to improve the lifestyle of people, optimize resources of all kinds, both financial and time, etc., making it the best solution for the excessive consumerism that grips us today. The idea is to live as best as possible, avoiding as much as possible, wastage of resources on unnecessary things.

A frugal lifestyle if well run, can reduce the potential impact of a crisis, and significantly increases our knowledge about money, leading people to make better decisions when making budgets. The American writer Warren Johnson, author of The era of frugality and ecological alternative to the crisis, said that without frugality none can be rich, and with frugality, few would be poor.

Living with enough, earning more and spending less, avoid unnecessary purchases, staying healthy, quitting smoking, drinking in moderation, eliminating credit cards and others are just some tips on how to live frugally.

For example, living with enough doesn’t mean necessarily that you exercise a lot of financial tightness or don’t give in to good tastes. On the contrary, living with enough means eliminating those expenses that are unnecessary; avoid eating a lot in the street and cook more at home as well as being cheaper, which is healthy.

If in our financial experience we usually spend more than we earn, in this case, we should consider having additional income, because money is easy to spend, and difficult to maintain.

About credit cards, if the person does not know how to use them correctly, it is better to cancel them because the false sense of prosperity is generated when one carries many credit cards. These make buying too easy, and usually end up making you to buy impulsively. Not only that, if you do not pay all monthly installments, it will cost you a lot in terms of interest. Do not make that mistake.
The fundamental idea of frugality is to curb the excessive consumerism, living in the best way possible, and being friendly to the environment.

Conclusion

“Save bread for May,” as the saying goes through frugal living, it does increase prosperity. However, the extreme practice of this can sometimes be inappropriate as it tantamount to self-denial. There should e some wisdom and balance as you exercise frugality. Although that may be the case, individuals must practice austerity and frugality as core values for financial success. Families that are austere and frugal can in the long run become prosperous.

What to do to save money rather than spend it

We are all guilty of overspending or if you are even a miser, I’m sure you must have had the urge to overspend at one point or the other especially when you go shopping either online or just window shopping. Some people can’t just resist the urge to overspend on the stuff they love. For some people it’s clothes, for some it’s jewellery and for some people it can even be groceries. If you want to understand and learn how to resist and quit over-spending, you’re just a step from learning how to do that. This article provides the solution on how to stop overspending while shopping.

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To start with, identify these causes of overspending.

Reasons For Overspending

1. Insecure Feeling
That big empty hole inside your mind needs proper healing, because there’s no way you’ll ever fill it, no matter how much you spend shopping. It’s hungry as the dark hole in space!

2. Deceptive Good Feeling
You may experience a moment’s relief when you buy something, but the money is gone for good and what you bought will just end up meaningless the next day.

3. Entertainment
Nothing good on TV, at loose ends? You are impressed by every item you see on TV especially on celebrities. Impulse shopping can affect your budget adversely.

4. Impress others
You are trying so hard to impress everyone with what you eat and what you wear – those darn Joneses, co-workers and the cool crowd can cost you a lot.

How To Stop Overspending

1. Admit you have a problem
The first thing to do admit you have a problem of overspending and find out the reason you overspend then try to tackle the problem. If you can admit and determine what is responsible for your overspending, great. The problem is half-solved already. But If you can’t figure out any problem exists in your life, your budget will continue suffering for a long time.

2. Frugal pastimes
Generate new income sources. You can take up cooking, sewing, gardening, take a class, get fit. Avoid boredom as much as possible which leads to impulse spending.

3. Proxy buyer
Don’t go shopping yourself. You can give a friend, lover or relatives your detailed list so he/she can pick your items up when he/she goes shopping. This way you don’t get to enter the store and you avoid the temptation of overspending entirely.

4. Turn money into hours
Before you spend your monthly on that shoes, ask yourself this question “is this shoes worth the total hours I spent at work in a month”

5. Wait for three days
Before you buy that desired product, wait for 3 days before you purchase it. Before that 3 days is over, you will be able to think clearly if you should buy it.

6. Avoid “On Sale” Products that you don’t need
Be careful of the section of the stores where sales is on. If you need it and it’s on sale, you can buy. If you don’t need it and it’s on sale, go stay away!

7. Compare Prices
Compare the price of each products you want to buy in different stores before going for the cheapest one. Be careful about fake products though.

8. Gratitude
This is also very important. Always feel happy and grateful for what you have presently. You don’t have to buy extra stuff before you find happiness.

9. Avoid Paying with Credit card
Always make sure you pay with cash when you’re shopping.

10. Seek Professional Help
A pro can get you past this if you discover that you can’t help overspending despite all the efforts you’ve made.