Being Frugal Is Not Cheap - Deepstash
Being Frugal Is Not Cheap

Being Frugal Is Not Cheap

Frugal people do spend money, but want the maximum bang for the buck, without stressing themselves.

Frugality does not mean compromising quality, neglecting your social life, or being a cheap stake. It is about making smart spending choices, like buying second-hand clothing, avoiding pricey subscriptions or brands.

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MORE IDEAS FROM How to be more frugal (without seeming like a cheapskate)

Over time, I've learned that embracing a thriftier lifestyle and learning more about financial literacy benefits not just me but my greater community. In simpler living, I've been able to reduce clutter and be more environmentally friendly and less wasteful. Shopping thrift stores and consignment, for example, allows me to reuse and enjoy clothing while decreasing my carbon footprint and landfill waste, and supporting local businesses and deserving charities such as Goodwill and the Salvation Army.

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There are plenty of financial and budgeting tools and apps that can help us manage our funds, keep track of our expenses, and trigger us when we are off-track.

Simple hacks like carrying a debit card or cash instead of a credit card, or deleting our card details from shopping sites can help us avoid spending impulsively.

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  • Use tools like financial books, podcasts, and online savings groups.
  • Avoid indulging in unnecessary expenses daily, reducing them or finding healthier and more affordable alternatives.
  • Cultivate a healthier attitude and the right mindset towards your finances.
  • Know that small, practical, money-saving actions can compound into better living for you in the long run.

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Balancing Everything
  • Smart spending is about balance and adopting a disciplined mindset, and ultimately is about increasing awareness about our spending.
  • Being honest with our loved ones about our financial frugality frees us from an additional burden of making excuses and also makes them support our budget planning.

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Over time, I've learned that embracing a thriftier lifestyle and learning more about financial literacy benefits not just me but my greater community. In simpler living, I've been able to reduce clutter and be more environmentally friendly and less wasteful. Shopping thrift stores and consignment, for example, allows me to reuse and enjoy clothing while decreasing my carbon footprint and landfill waste, and supporting local businesses and deserving charities such as Goodwill and the Salvation Army.

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RELATED IDEA

Characteristics Of The Wealthy
  • They live in homes just large enough for their needs and drive used cars.
  • They have affordable interests.
  • They don’t worry about having the highest credit score possible as they have enough saved to skip loans and make large purchases with cash.
  • When they get a raise, they focus on investments instead of raising their spending. 

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Budget for the life you have. When you’re going through your budget and assigning spending categories, be realistic. 

Don’t tell yourself you’ll never buy a single discretionary item, because you’re setting yourself up for failure. Give yourself some breathing room.

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Whether it is about your money or a person you are not fond of, avoidance is the key to a life without unpleasant events. 

Every now and then individuals feel the need to avoid checking their accounts, so they could sleep better and feel less stressed.

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