A lot of people think living a frugal lifestyle is a bore. They think that sacrificing now in order to procure a sound financial future sounds like a drag. “Live while you can!” they say. “You deserve it!” They say. I have big dreams that one day a revolution of 20-somethings who love frugality will rise up and start a whole new trend, but you just don’t see it that much (if you are another 20 something who is living frugally, then email me and let’s chat about it!)! When people get older they start realizing that there is something to this whole spend less, save, and invest mantra. But, by then they’ve missed out on their golden years of opportunity and some serious compounding.
So, all that being said, I want to tell all you youngsters out there why frugality rocks and how you’re blowing it for your future self. “Live life without regrets!” you say? Well you’ll regret NOT implementing frugality into your life. Trust me.
Table of Contents
Frugality is challenging
If you think being frugal makes you a boring person, you’re dead wrong. Being frugal is a challenge. You actually have to be a rebel. You have to rebel against insane prices, and constant spending. You have to rebel against debt and against the way “everyone else” is doing things.
The challenge of frugality is to figure out a way around spending so much money on housing, groceries, cable, cell phones, entertainment, gift giving, and hobbies. We make it a habit to reduce costs in every area of our life and to learn how others are saving even more money than we are. Challenge accepted.
Frugality requires some creativity
I’m a pretty creative person. My creative outlets are generally cooking new recipes, cutting and dying my own hair, styling my outfits, playing piano and singing, and decorating our home. However, once I started to realize how diversified frugality is, I started to see the ways in which creativity is an integral part of frugality.
What I mean by creativity is that you can either find or create a cheaper way to do most anything. For instance, I am in the process of making every hygiene and cleaning product in our house, including our toothpaste and dish washing detergent. How fun is that?! I can create something useful and save money at the same time? Heck yes.
Long term frugality = huge nest egg
Nest egg? Who doesn’t want one of those? Well, according to the way a lot of people spend their money, I’d say a lot. The most effective way to incubate a nest egg that produces passive income is probably through frugality. If you continue growing your income, while refusing to submit to lifestyle inflation, you’ll be financially free in no time.
Saving and investing as much of your income as possible will enable you to keep snowballing that amount of money into your investment account, producing more and more passive income. The less money you spend, the bigger your nest egg gets.
Frugality = happiness
Don’t you know? Stuff never equals happiness. Sadly, many people refuse to acknowledge this truth. They just spend into oblivion.
Frugal folks are some of the happiest you’ll meet because they have found the secret to life- which, of course, is living. By saving your money, you’ll have more time and money to spend on the things that truly make you happy.
Plus, the less stuff you have, the less clutter you have, the bigger nest egg you have, and the more stress free and beautiful life you’re able to live. That’s a life free from worry of debt and spent traveling, starting businesses, or doing whatever it is that makes you happy.
I never have to keep up with the Joneses
Being frugal gives me the greatest feeling because I no longer give a hoot about who has the fanciest clothes/car/house/electronics etc. – the list is literally endless. In the end, it doesn’t matter what you own or who you impress. It’s just stuff and it will all pass away.
I never have to worry about that sick feeling that says, “I need more.” I don’t have to spend more time working in order to finance that new vehicle or summer home, and I don’t have to impress anyone. Phew. What a load off.
All that I have to worry about is achieving my goals and maintaining a happy and healthy home and life.
So go ahead and cross those disagreeable Jones’ off your Christmas card list. You don’t need to impress them anymore! You can be frugal and stress free!
Do you love frugality? Do you agree or disagree with my reasons?