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Living the frugal life is more than just a trend these days. It can be a downright necessity for some.
But are all frugal living tips great? As in, do they really save enough money to make them worth the time and work to implement? There are a several reasons why a family or person might decide to take up this way of life. Maybe they were raised that way, maybe it is the only thing that gets them from paycheck-to-paycheck. |
Maybe they are cutting down on spending in order to build up their savings account or pay off debts.
Most reasons are great reasons. But there is a certain amount of competition lurking among the devotees of frugal living, too.
I'm all for healthy competition if it has a reward, but "healthy" is the keyword here. In the frenzy to "be better at being worse off than you", a lot of people take living meagerly to an extreme.
That's why I am giving my opinion on living below your means, and pointing out some common sense do's, don'ts and maybe's of frugal living:
Most reasons are great reasons. But there is a certain amount of competition lurking among the devotees of frugal living, too.
I'm all for healthy competition if it has a reward, but "healthy" is the keyword here. In the frenzy to "be better at being worse off than you", a lot of people take living meagerly to an extreme.
That's why I am giving my opinion on living below your means, and pointing out some common sense do's, don'ts and maybe's of frugal living:
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