being frugal http://www.wisebread.com/taxonomy/term/9856/all en-US 4 Reasons 'Frugal' Shouldn't be a Dirty Word http://www.wisebread.com/4-reasons-frugal-shouldnt-be-a-dirty-word <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-reasons-frugal-shouldnt-be-a-dirty-word" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_shhh_face_000020798468.jpg" alt="Woman learning why frugal isn&#039;t a dirty word" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>What does living frugally mean to you? Do you think of deprivation and doing without, people merely scraping through in a life barely lived? Or maybe you think of fanatics, evangelizing for their way of life while extreme couponing and haggling in Walmart?</p> <p>Frugal living has had quite the PR problem. But modern frugality really isn't about hair shirts and gruel. Today many people come to frugal living through conscious choice, rather than necessity. They often find it's a lifestyle choice that can actually enrich. Here's why.</p> <h2>1. Frugal Choices Are Value Driven</h2> <p>It's a common misconception that frugal living is all about saving money &mdash; but sometimes the frugal choice is not the cheapest one. To take a simple example, the frugal choice when buying a key item you need to be long lasting, like a winter coat, might not be visiting the thrift store. You might actually be better off buying new, and buying the best quality you can afford. Apart from the wider range available, this is a good way to avoid the <a href="http://www.wisebread.com/the-high-cost-of-cheap-clothes">high price of cheap clothes</a>.</p> <p>That might not sound so different from the choice anyone else might make, but the crucial point is that it's an <em>examined </em>decision. Frugal choices are mindful, where wall-to-wall commercials and our consumer society tend to promote mindless, reactionary buying.</p> <p>A frugal mindset means that you're aware of your spending, thinking about the real purpose of a purchase before you make it. At its core, modern frugality is not about penny pinching. It's about attaching value to the right stuff. Which, of course, might not be stuff at all.</p> <h2>2. Living Frugally Offers Independence</h2> <p>There's little we Millennials prize more than independence. At first glance, frugality might seem to remove independence, forcing you to forgo opportunities and limiting your choices. And it's true that on a day to day basis, a frugal approach will see you dropping your skinny Starbucks latte habit, and put the kibosh on the designer handbag collection. But in the long run, a frugal life offers great independence.</p> <p>People who choose to live frugally deliberately reduce their material needs. If you need less, you can save more &mdash; but many choose frugality not for the option of filling up the coffers, but for the opportunity to rebalance work and life.</p> <p>Free from the need to keep up with your neighbors, you can critically examine how much money you need to earn for a lifestyle you will enjoy. As your financial needs diminish, you can choose to cut your working hours, take time for your hobbies, visit family, or study. Maybe you could even retire early.</p> <h2>3. Being Frugal Fosters Creativity</h2> <p>Necessity, as they say, is the mother of invention. Being frugal is a surefire way to foster self discipline and creativity.</p> <p>Take birthdays or celebrations, for example. When you start from a frugal mindset, gifts and parties are not about how much you spend, but about how much you <em>think</em>. No last minute, guilt-driven smash and grab at the shopping mall here. The same goes for eating. Frugal living is about cooking from scratch, planning a menu and shopping list, understanding and working with seasonality. Put down the <a href="http://www.wisebread.com/how-to-stop-the-takeout-meal-cycle-and-save">take-out menu</a>.</p> <p>Some elements of a frugal life are more demanding than others. That's where the self discipline comes in. But we humans are meant to be able to look after ourselves, and modern conveniences have stripped away some of that. Getting frugal is a great way to get creative, and experience the rewarding feeling of making something yourself, whether it's a gift or a gazpacho.</p> <h2>4. Frugality Promotes Personal Connections</h2> <p>Living frugally naturally leads to valuing experiences more than things. By being open and mindful to experiences, frugality can deepen personal connections.</p> <p>Traditional research into the science of happiness agrees. The Easterlin Paradox suggests that people could <a href="http://www-bcf.usc.edu/~easterl/papers/Happiness.pdf">ultimately be happier</a> if they devoted more time to non financial goals like spending time with family, or improving our health. More money, once your basic financial needs are met, does not make us happier &mdash; the idea that it does has been described as the &quot;money illusion.&quot;</p> <p>One reason for this is that a more consumerist outlook can inadvertently foster a sense of competitiveness. Even with those closest to you, you might get a jealous twinge looking at the latest flash purchase. Instead of comparing designer high heels, frugal people might share an experience with those around them. Get into the countryside for a walk or cook a meal together &mdash; just stay away from the mall!</p> <p>So, far from merely enduring a miserable existence, perhaps those embracing a frugal life are actually demonstrating that you can have more, with less. Maybe collecting a life full of experience is more rewarding than a closet full of clothes.</p> <p><em>What do you value about frugality?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/claire-millard">Claire Millard</a> of <a href="http://www.wisebread.com/4-reasons-frugal-shouldnt-be-a-dirty-word">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/cooking-for-beginners-10-recipes-for-kitchen-newbies">Cooking for Beginners: 10 Recipes for Kitchen Newbies</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-exercise-mats">The 5 Best Exercise Mats</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-is-how-americans-spent-their-money-in-the-1950s">This Is How Americans Spent Their Money in the 1950s</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-dumbest-big-purchases-people-make">The 7 Dumbest Big Purchases People Make</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-keep-peer-pressure-from-destroying-your-finances">How to Keep Peer Pressure From Destroying Your Finances</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Lifestyle being frugal Cooking decision making independence millennials shopping Fri, 01 Apr 2016 10:30:05 +0000 Claire Millard 1682365 at http://www.wisebread.com Women of personal finance spotlight: Lynnae from Being Frugal here to answer your questions http://www.wisebread.com/women-of-personal-finance-spotlight-lynnae-from-being-frugal-here-to-answer-your-questions <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/women-of-personal-finance-spotlight-lynnae-from-being-frugal-here-to-answer-your-questions" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/Lynnaeslightlybiggerprofile.jpg" alt="Lynnae from being frugal" title="Lynnae from BeingFrugal" class="imagecache imagecache-250w" width="165" height="195" /></a> </div> </div> </div> <p>For this entire week (9/30- 10/5), Lynnae from <a href="http://beingfrugal.net/">Being Frugal</a> will be <a href="/forums/bloggers-corner/ask-lynnae-beingfrugal-question-women-personal-finance-spotlight-3494.html#post22640">answering questions in our forums</a> about frugal living, blogging, and personal finance!</p> <p>Lynnae is one of the most beloved frugal living bloggers.  Her honest and warm writing connects with readers right away.  Her blog entries read like long helpful letters from a favorite aunt or a helpful neighbor. </p> <p>Please <a href="/forums/bloggers-corner/ask-lynnae-beingfrugal-question-women-personal-finance-spotlight-3494.html#post22640">join Lynnae in our forums</a> as she shares her insights on how to stay frugal in this dreadful economy. </p> <p>This interview is part of Wise Bread&#39;s spotlight on the <a href="/topic/women-of-personal-finance">Women of Personal Finance</a>.  At the end of the interview period we&#39;ll publish the best questions and answers from the forum interview and post them on the homepage.   If your question gets picked we&#39;ll include a link back to your blog.  </p> <p><strong>About</strong> <strong>Being Frugal</strong></p> <p><strong>Blog</strong>: <a href="http://beingfrugal.net">Being Frugal</a> </p> <p><strong>Blogger</strong>: Lynnae</p> <p><strong>Subscribe</strong>:  <a href="http://feeds.feedburner.com/BeingFrugal">RSS</a> , <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=934157&amp;loc=en_US">Email<br /></a> <br /><strong>In her own words</strong>:  </p> <p>&quot;I’ve been married for 12 years and have two children, a daughter and a son. I started racking up debt in college, when I applied for my first credit card on campus the first week of school. My husband and I added to my debt after we got married. We’ve finally woken up and decided it’s time to get out of debt for good</p> <p>&quot;I started this blog as a way to hold myself accountable for the financial decisions I make. In the short amount of time I’ve been blogging, my blog has grown to be far more than that. My readers keep my accountable for my decisions, and they’ve given me great tips on ways to become more frugal. I really enjoy interacting with my readers and visiting their blogs to see how they’re doing also. I love that there are so many bloggers working to get out of debt.&quot;</p> <p>Check out some of Lynnae&#39;s most popular posts:</p> <ul> <li><a href="http://beingfrugal.net/2008/01/31/frugal-hacks-for-your-home/">75 frugal hacks for your home</a> </li> </ul> <ul> <li><a href="http://beingfrugal.net/2007/09/25/why-the-minimalist-lifestyle-appeals-to-me/">Why the minimalist lifestyle appeals to me</a> </li> </ul> <ul> <li><a href="http://beingfrugal.net/2008/01/29/save-money-by-making-homemade-cleaning-products/">Homemade cleaning products</a></li> </ul> <ul> <li><a href="http://beingfrugal.net/2008/02/08/marriage-and-money/">7 things women wish men knew about money</a> </li> </ul> <ul> <li><a href="http://beingfrugal.net/2007/10/08/my-best-and-worst-financial-decisions-they-might-surprise-you/">My best and worst financial decisions (they might surprise you)</a></li> </ul> <ul> <li><a href="http://beingfrugal.net/2008/05/05/not-keeping-up-with-our-parents-career-struggles/">(Not) keeping up with our parents: Career struggles</a></li> </ul> <ul> <li><a href="http://beingfrugal.net/2008/03/03/how-to-make-a-budget/">How to make a budget that works </a> </li> </ul> <ul> <li><a href="http://beingfrugal.net/2008/03/10/building-a-square-foot-garden/">How to build a square foot garden <br /></a></li> </ul> <ul> <li><a href="http://www.getrichslowly.org/blog/2008/02/13/how-to-prepare-for-a-baby-without-going-broke/">How to prepare for a baby without going broke</a> </li> </ul> <ul> <li><a href="http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/">How I taught my preschooler the value of a dollar</a> </li> </ul> <p>Grab a cup of java and <a href="/forums/bloggers-corner/ask-lynnae-beingfrugal-question-women-personal-finance-spotlight-3494.html#post22640">join our chat with Lynnae in the forum today</a>!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/lynn-truong">Lynn Truong</a> of <a href="http://www.wisebread.com/women-of-personal-finance-spotlight-lynnae-from-being-frugal-here-to-answer-your-questions">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/women-of-personal-finance-spotlight-frugal-upstate-here-to-answer-your-questions">Women of personal finance spotlight: Frugal Upstate here to answer your questions</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/women-of-personal-finance-spotlight-allese-thomson-from-wesabe-here-to-answer-your-questions">Women of personal finance spotlight: Allese Thomson from Wesabe here to answer your questions</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/women-of-personal-finance-spotlight-donna-freedman-from-msn-here-to-answer-your-questions">Women of personal finance spotlight: Donna Freedman from MSN here to answer your questions</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/women-of-personal-finance-spotlight-julia-scott-from-daily-news-here-to-answer-your-questions">Women of personal finance spotlight: Julia Scott from Daily News here to answer your questions</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/women-of-personal-finance-spotlight-the-digerati-life-here-to-answer-your-questions">Women of personal finance spotlight: The Digerati Life here to answer your questions</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living being frugal beingfrugal lynnae personal finance for women women of personal finance Tue, 30 Sep 2008 03:58:36 +0000 Lynn Truong 2471 at http://www.wisebread.com Ben Franklin's guide to wealth and savvy living http://www.wisebread.com/ben-franklins-guide-to-wealth-and-savvy-living <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/ben-franklins-guide-to-wealth-and-savvy-living" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000016649144_Large.jpg" alt="$100 bill ben franklin" title="$100 bill ben franklin" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Benjamin Franklin was probably America's first &quot;self-help&quot; author. His advice was so good that his friend James Madison claimed he &quot;...Never passed half an hour in Franklin's company without hearing some observation or anecdote worth remembering.&quot;</p> <p>John Wesley from Pick the Brain collected an impressive collection of some of <a href="http://www.pickthebrain.com/blog/ben-franklins-real-way-to-wealth-part-i-industry/" target="_blank">Franklin's finest advice</a>. Here are some of my favorites:</p> <h2>1. Priorities</h2> <p>He that hath a calling hath an office of profit and honor.</p> <h2>2. Positive Thinking</h2> <p>For industry pays debts, while despair encreaseth them.</p> <h2>3. Perseverance</h2> <p>Little strokes fell great oaks.</p> <h2>4. Industry</h2> <p>A life of leisure and a life of laziness are two things. Do you imagine that sloth will afford you more comfort than labor?</p> <h2>5. Wisdom</h2> <p>Learning is to the studious, and riches to the careful, as well as power to the bold, and Heaven to the virtuous.</p> <h2>6. Balance</h2> <p>Drive thy business, let not that drive thee.</p> <h2>7. Time Management</h2> <p>One today is worth two tomorrows.</p> <h2>8. Finances</h2> <p>Beware of little expenses; a small leak will sink a great ship.</p> <h2>9. Self Reliance</h2> <p>Ploughman on his legs is higher than a gentleman on his knees.</p> <h2>10. Debt</h2> <p>He that goes a borrowing goes a sorrowing.</p> <h2>11. Wise Bread Philosophy</h2> <p>Disdain the chain, preserve your freedom; and maintain your independency: be industrious and free; <strong>be frugal and free</strong>.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/will-chen">Will Chen</a> of <a href="http://www.wisebread.com/ben-franklins-guide-to-wealth-and-savvy-living">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-3-best-pieces-of-financial-wisdom-from-oprah-winfrey">The 3 Best Pieces of Financial Wisdom From Oprah Winfrey</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-pieces-of-financial-wisdom-from-warren-buffett">The 5 Best Pieces of Financial Wisdom From Warren Buffett</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-8-classic-personal-finance-books-you-must-read">The 8 Classic Personal Finance Books You Must Read</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ow-do-you-deal-with-family-members-who-are-bad-at-managing-money">How Do You Deal With Family Members Who Are Bad At Managing Money?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-cpas-say-you-must-make">8 Money Moves CPAs Say You Must Make</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Life Hacks advice being frugal benjamin franklin franklin money Fri, 29 Dec 2006 21:31:05 +0000 Will Chen 124 at http://www.wisebread.com