There are many reasons to start a frugal lifestyle. For people who haven't dipped their toes in the frugal pool yet but want to, it begins with consciously committing to practicing this way of life so that it becomes second nature.
I hope to empower others to adopt this lifestyle without giving up what they are accustomed to. Being frugal not only saves money, but energy and time as well.
Here are my Top 10 Benefits of why someone should consider living a frugal existence... if not all the time, at least some of time. It starts with choosing to do it versus having to do it. Some of the wealthiest people in the world are frugal and most live below their means.
10. SAVE MONEY
This is the obvious reason for most people. Choose to spend your money wisely and smartly only the necessary things in life. But allow yourself a special treat when you have the extra cash in your budget.
9. A SIMPLER LIFE
Life is less chaotic and easier to manage when you pare down to just the essentials you need. Avoid buying "stuff" that has no meaning or purpose. Start by decluttering, purging and eliminating things that have no room in your life. Start organizing and consolidating things so that they are easier to find or manage, which in turn saves you time and money. Read more about ways to simplify your life here.
8. TIME FREEDOM
Learn to say no to invitations, favors, tasks, etc.. that zap precious time and energy out of you. By politely declining parties or other events from someone you are not exceptionally close to, you save money on gifts and gas, which equates to time for more important things in your life. By choosing how, when and whom you spend your time with gives you more freedom overall.
7. SAVE ENERGY
By simply unplugging from your phone, the internet, the TV or any other electronic device, you not only save money on energy cost, but you have more time and life energy to enjoy life beyond technology. Read more about tips on how to save money on energy costs here.
6. LESS DEBT
While it would be nice to have zero debt, most people have some form of debt. Tackle your lower balanced loans or debts first and try to pay those off right away. Once you've eliminated or at least reduced your debt, you will feel a sense of freedom that's priceless!
5. EARN SOME CASH
Why not make some extra money by selling unwanted items around the house. My best tip is to sell your stuff via Craigslist or the LetGo app. It's free and it's easy. Another way to make a little cash and declutter you house is to have a garage sale. Any item that does not sell can be donated to Goodwill or your favorite thrift store, which is tax deductible. Check more ways to earn extra cash here.
4. EAT HEALTHIER
By eating out less (especially at fast food restaurants) and preparing meals at home is one way to not only save money but also make healthier choices. Although dining out to a favorite restaurant is always a treat, it can be costly vs. making food at home. Read more on how to buy and eat organic foods without breaking the bank here.
3. LOSE SOME WEIGHT
What an awesome benefit... by choosing eat healthier (see #4), one can actually lose some weight. By eating foods that are either organic or fresh vs. processed our bodies tend to burn more fat. Check out this option for a healthy weight loss supplement.
2. GOOD FOR THE ENVIRONMENT
Instead of throwing stuff away, evaluate whether you can either recycle, repurpose, or reuse it somehow. For example, by bringing bottles, cans, newspapers, cardboard, etc... to your local recycle center you can also get cash. Also, if you have a piece of furniture that just needs a new coat of paint, why buy a new and expensive piece when the one you have is perfectly fine. Less waste means we can all make a contribution to save our planet.
1. A RICHER LIFE
Be smart in how you choose to spend your money, your time and your energy. Prioritize and take control of what's really important, by accomplishing this, you can truly enjoy a more rewarding and richer life.
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