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What is your reason for being frugal?
Are you a stay at home mom trying to make everything work on a single income? University students are you trying to make it through your degree debt free?
15 of the most popular reasons for being frugal:
- Single income home
- To save money
- Working to pay down debt
- University student trying to graduate debt free
- Do or starve
- Low income
- Work to hard to just hand over money
- Job loss
- Born into being frugal
- Want to be able to enjoy retirement
- Want to be able to be a stay at home mom
- Snowballing debt
- Paying off house early
- To have opportunities
- The more we save the more we can give
No matter your reason, know that it is the right reason. There is no reason to go into debt if you can be frugal and save money.
What exactly is being frugal?
Being frugal is living below your means in an effort to save money. Living well off less. Choosing the cheaper brand at the grocery store.
Opting to shop with coupons or while you shop. Frugal living is learning to say no to dining out and cooking meals at home.
Living frugally means staying true to you and your family values and not trying to keep up.
The rewards of living frugally are vast.
The biggest reward I can think of is more family time. When you live frugally you aren’t working for that new gadget, you’re working toward more family time and family opportunities.
Saving money is a great reward. Being frugal gives you the opportunity to pay down debt, to save for a home, to plan holidays and to live the life you want to lead.
Think about the opportunities you could enjoy if you had just a bit more money in the bank or more time.