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.
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.
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.
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.
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.
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.