Whether you’re working towards reducing your debt, stockpiling your savings for retirement or just trying to make ends meet, when you embark on the journey of frugality, you’re embarking on a new lifestyle that often goes against the grain of what everyone else does.
Instead of thinking about all that you’re missing out on, take the time to enjoy the journey. Have a look at these benefits of frugality:
- By embracing frugality, you’re also embracing a simpler life. When you’re not keeping up with the Jones, you have less gadgets to buy, less designer-name clothing to keep up with, less never-before-heard-of ingredients to track down.
- On a similar note, living the frugal life lends itself to an attitude of contentment. Living a frugal lifestyle means you’ll make the most of what you have and you’ll appreciate it more. This makes for a far more content life, rather than a life obsessing about acquiring more and more things.
- You’ll also learn what’s “good enough”. Is good enough the latest new thing? Probably not. Good enough is probably sitting on a shelf in your home right now. When we stop focusing on getting the best of everything, we realize that good enough is perfectly fine.
- Frugality also teaches you a lot about yourself and the world. Frugal people often do a lot for themselves like growing vegetables in a garden or sewing a pair of pants. These skills were once considered necessary to survive, but have now been phased out in recent years. By learning these skills, you’ll be more equipped to survive on your own. Nothing spells accomplishment like learning new skills that are essential to survival.
- By being frugal now, you will be in a much better place in the future. Like Dave Ramsey says, “Live like no one else, so you can live like no one else later.”
- Being frugal often equates to being healthier. Since becoming more frugal myself, I’ve eaten healthier and exercised more. I’ve stopped eating out and started making more from scratch recipes. In addition, you’ll do more for yourself (like cutting the grass or paint a room) leading to more exercise.
- Frugality often calls for you to slow down, where you can get down to the roots of life and what really matters – friends, family and happiness.
So take a moment to enjoy the journey and be thankful that you’ve chosen the frugal path.
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