Frugality
Frugality means resisting the temptation to spend more than you earn.
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"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
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Saving Through Frugality
Frugality cannot be the sole cornerstone of our personal finance strategy.
Because we can’t save more than what we earn and saving by itself leads to losses, due to inflation devaluing your money.
Frugality buys time
The relationship between time and money is this: When you spend less, you can work less. That means that frugality buys time. On a deeper level, frugality buys freedom - financial freedom, freedom from worry, freedom to spend your time as you wish.
There's a balance, and i...
7. Frugality
- Frugality is a habit of being thrifty, with money and resources.
- It is also a habit of being economical. Learning to be economical comes through avoiding waste, which automatically results in efficiency.
- This is where
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