Live Frugally (365 Days of Spirited Living – DAY 66)
“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”
— Dave Ramsey
I am by no means a financial expert, but when it comes to money, there are four types of people in the world. First, are people who spend, spend, spend. Second, are people who save, save, save. Third, are people who spend a little, and save a lot. And fourth, are people who save a little, but spend a lot. Frugal living is a virtue, but it is more of a choice because it’s not easy.
Not being aware of your financial picture can cause a lot of headaches and stress throughout your life. You don’t have to be thinking about money every waking hour. But you do need to pay attention to your financial health as you would your physical or mental health. Understanding, organizing, planning, and managing your finances can help you avoid needless arguments with yourself and others and balance your mind and life.
Some steps to frugal living include making sure a portion of your earnings is given to church or charity. Saving is also important in cases of emergencies and unexpected unemployment. Monitor your credit score and credit card use. Keep debt to a minimum so it never interferes with your life, and pay off any debt as soon as possible. Use budgets to control your spending. Don’t splurge or indulge shop as that is how money runs away very quickly.
Learn to be resourceful with everything. Focus on what is important instead of what you simply want. Many times, when we don’t spend on things we don’t need, we find out that we actually don’t need as much as we want. Frugal living keeps you out from under the control of debt and helps you to avoid living in fear of the tax man, the loan man, the employer man, or anyone else. A positive, healthy take on money can help you become confident, independent, and focused on the things that make you happy.
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
— Ayn Rand