Frugal living can mean different things for different people. When you decide to commit to frugal living, you definitely have to change your mindset. But before you can make any decisions about frugal living, you need to know exactly what is frugal living?
Is frugal living just saving money? To this, I would say definitely not!
So, if frugal living is not just about saving money, what else is frugal living?
What is Frugal Living
Frugal living is a way of life that helps you to save in areas that are important to you. Yes, the most common aspect of frugal living, is of course, frugal living in regards to saving money.
However, frugal living can also be about your time! Being frugal with your time is a great way to implement frugal living. Time is a commodity, we are all so busy all the time. So, saving time on things you have to do which allows you to spend more time doing what you WANT to do can be a really healthy and satisfying thing to do.
Frugal living can also be about your resources. Resources can really mean so many things! This could be about making wise investments to ensure a more stable financial future. You could invest in resources that allow you to make an income during retirement. You can make sure you are establishing resources so that you will have a self-sustaining future like homesteaders do.
Resources can also be about things you need. So, stocking up on everyday items through couponing – toiletries, personal care items. Or stocking up on food using food preservation techniques like canning, dehydrating and freezing.
As you can see, the answer to the question what is frugal living is not simple. Frugal living can be so much more than just saving money.
What is frugal living for you?