People tend to think that when you are frugal, you are limiting
yourself and taking away the freedom to do what you want. That is not true. It is the opposite. When you are frugal, and
save money, you are giving yourself more freedom and more choices. Anyone who
has ever had any of their major life choices limited by the lack of money knows
the importance of money. Why be frugal? Here is some advice from someone
who has lived, learned and seen the wisdom of frugal living.
Life is full of problems. No one I am acquainted with has made it
through life without experiencing problems of some kind. Money does not solve
all of them, but it does make bad situations easier to handle. When money is not
an issue, it can take one level of difficulty off the table.
Emergency funds and long term savings help to insulate you from
worst case scenarios when problems arise. It is important to use your youth and
strength wisely. You don’t know how long they will last.
The Fun Things
In addition to the unfavorable challenges that come your way in
life, the good things in life take money. Weddings, houses, and vacations can be
wonderful things. The one thing they share in common is the need for money.
Young people do not need to start off their married lives with
huge bills. No one has to have an extravagant wedding or incur large bills on
rings and wedding trips. You will be just as married without any of these
Vacations are wonderful! Everyone needs to relax and unwind. The
anticipation of a great trip is wonderful. Budget and save for your vacations,
and you will enjoy them a lot more knowing the bills won’t follow you home.
There will come a day when you can no longer work. We all get
old. We all are subject to the infirmities that come with old age. One day you
will wake up and think “what the freak happened”?
You must prepare for the days when you can no longer work. When
you no longer work you have even more need for spare cash, unless you want to
spend every day sitting in a recliner watching television.
Living a responsible, conservative debt free life is freedom.
Debt is bondage to your creditors. Which one sounds better to you- the freedom
of being debt free, or the stress having a long list of creditors to whom you
If you are young, don't make getting out of debt your primary
goal in life. Avoid it in the first place. If you are in debt, get out of it!
Attack your debt with all the wisdom, skill, energy and time that you have. I've
never known one person who was not happy to get out of debt.
Value your time and your labor. Insulate yourself from
experiencing the worst scenarios when problems arise. Live simply, and save
money for both short and long term needs. Choose to be happier in life. Make
a goal to become frugally free!