For some reason, many people believe that frugality is boring. They are convinced that if you live a frugal life, you live a boring life. Some even believe that you cannot be of optimal support as a friend, parent, or partner if you’re frugal. Why would you choose a frugal life?
People think you are missing out on life if you’re frugal because they are convinced you are sitting at home and don’t do anything all day.
I have to tell you, this is very far from the truth. Many of my friends and people I hang out with are frugal – personally, I think they are the best! 🙂
I have some other friends that believe the myth that frugality is boring, which doesn’t get them interested in frugality any time soon.
Too bad for them!
They believe happiness comes from spending money. Up until a certain point, money can help improve your life, but it’s not a shortcut to happiness. Spending a lot of money can have side effects – like stress and debt.
The true problem lies in the fact that you will spend more and more when your income goes up – typical lifestyle inflation. It’s easy to prevent lifestyle inflation, where intentionality and frugal living can play a huge role.
Let me tell you this. Frugality isn’t boring at all. It is very easy to entertain yourself and have frugal fun; that’s one thing I’ve learned over the years. I’ve even had an entire summer of frugal fun!
I’ve written before about frugality – a lot. Because frugal living is bringing me so much appreciation and freedom that I’ve never experienced before. I want you to experience the same thing!
If you don’t know how to live frugally yet, I’ve written down some essential frugal living tips – where you will learn how to be frugal!
Reasons To Live A Frugal Life
There are many people wondering; why would you choose a frugal life? I can tell you, there are many reasons to live a frugal life.
Continue reading to see the reasons why many people choose to live a frugal life and take part in frugal living!
1. You Want To Work Towards Financial Freedom
Working towards financial freedom is something that more and more people are being aware of. It doesn’t mean that you necessarily want to be financially independent and retire early – which is just an option in the aspect of financial freedom.
Financial freedom for me would be the fact that money is not the core importance of life anymore. It’s about getting comfortable in your financial situation and having the freedom to decide what you want to do.
Many people who are working towards some form of financial freedom, are doing that by living frugally.
Frugal living is a great first step towards financial freedom. As you are realistically looking at how much money you earn, how much you spend, and how much you need on a monthly basis to come by.
If you’re working towards financial independence, you will start to notice that the more in control you feel about your finances – the greater degree of freedom you experience.
If you want to work more towards financial freedom, read more here:
- How To Cut Your Electric Bill In Half
- 25+ Incredibly Easy Money Saving Tips
- How I Live On Half My Income – And You Can Too!
2. You Want To Simplify Your Life
When it comes to stuff, bigger isn’t always better.
With the coming of the minimalist movement, many more people have come to realize this. Decluttering your house can literally make room for other things in your house as well as in your mind.
It is not about having more stuff, it is about having less clutter in your life to live a more simple life that you can truly enjoy.
It can be hard to live a minimalist lifestyle in this materialistic world. You will find that material things do seldom lead to happiness in the long term. It can lead to stress, debt, or more costs.
Think about it this way: when you have more stuff, it is more likely that something needs to be repaired, get lost, or will break completely.
When you want to simplify your life, frugal living can contribute greatly to that. You will make do with what you have, will use quality items that will last, and you will be less likely to buy something you don’t need.
For example, I’m currently on month 10 of my one-year clothing ban – where I am not buying any clothes at all. Not even underwear or socks. I noticed that I still have more than enough clothes to go around.
I’ve even sold many of my clothes that I’m not wearing anyways. Still, I have more than enough.
See if you can challenge yourself to do something similar. Maybe it’s a clothing ban. Maybe it’s a no-spend challenge, where you will only spend money on the essentials.
Do whatever fits you and try to challenge yourself to step up your game! For example, you can find frugal and minimalist hobbies to do in your free time.
3. You Want To Stay Out Of Debt
I believe there are very few people who want debt. When you choose to live a frugal life, you can avoid debt much more than the average person.
If you want to avoid debt, I recommend you build up your emergency fund. When you’re building up your emergency fund, you will be able to handle most things that happen in life without going into more debt.
Did you know that 67% of Americans can’t cover a $1,000 emergency? This is an extremely scary money statistic, as this is just big car maintenance or a house repair.
When you’re choosing a frugal life, you will be able to save for these kinds of emergency situations.
Being able to avoid debt will lead to less stress, as you don’t have to worry if you can pay the next bill that is coming up. Apart from that it actually leads to lower costs, since you are not paying any amount of interest charges that are building up.
4. You Know Having Frugal Fun Is Possible
Anyone who thinks being frugal is boring, obviously didn’t try it for themselves. You can have a lot of fun without spending a ton of money. You don’t need to be rich in order to enjoy life.
When you’re frugal, you will still do all the fun things. You will still spend time with friends and family, you will still go on dream vacations, you will still buy the perfect home and more.
The only difference here is that you’re not buying it just because. You have thought about what you wanted, you have saved for it, and you will gladly pay the money it costs because it will make you happy.
Living frugally does not mean that you are giving up the fun things in life, it means that you are spending money on the things you value.
You will have fewer things, but the things you have are the things that you totally love.
5. You Want To Appreciate Everything In Your Life
Lastly, frugality is about appreciating everything you currently have in your life.
There have been times where I was spending out of fear people wouldn’t like me. At that moment, it was a real fear. Looking back, I realized that most people liked me for me.
The other part of the realization is that if people didn’t like me because I was spending too little, they are not supposed to be my friends.
I realized that I was buying things to please other people, treating others because I thought it was expected, and I was buying things for myself to fit in.
Honestly, I never cared about brands, gadgets, and all those kinds of things. I was convinced life was better with it. When I cut it out of my life, I noticed it didn’t add anything.
It is truly freeing to embrace the frugal mindset and don’t spend money on things you don’t value. I love my life currently and I’m much better in all aspects of my life.
Life is great!
Would you rather spend money all around and enjoy some of it? Or would you want to spend money on things that you appreciate – leading to you enjoying every item you buy?
You don’t have to be rich in order to appreciate and enjoy life fully. By living a frugal life, you will only spend money on the things that matter to you. This will lead to you appreciating what you have.
Would you choose a frugal life? Why (not)?
Founder of Spark Nomad, Radical FIRE, Journalist
Expertise: Personal finance and travel content
Education: Bachelor of Economics at Radboud University, Master in Finance at Radboud University, Minor in Economics at Chapman University.
Over 200 articles, essays, and short stories published across the web.
Experience: Marjolein Dilven is a journalist and founder of Spark Nomad, a travel platform, and Radical FIRE, a personal finance platform. Marjolein has a finance and economics background with a master’s in Finance. She has quit her job to travel the world, documenting her travels on Spark Nomad to help people plan their travels. Marjolein Dilven has written for publications like MSN, Associated Press, CNBC, Town News syndicate, and more.