Basically, most people want to live a luxurious lifestyle (which I also want!) When you see your friend on an Instagram post about eating fine dining at an expensive restaurant or getting a new luxurious designer handbag, You might feel a little bit jealous and want to buy it too. But at the beginning of the saving journey, it might be a waste to spend money without thinking.

There are some people who spend a lot of money to live an expensive lifestyle and have to worry about paying credit card debt later. So if you just start to save some money it will be a good idea to adopt a frugal lifestyle.

What is frugal living mean?

Frugal living means being aware of how you spend your money, by spending wisely and not just buying extravagant stuff to just show off to other people. Basically not getting into debt and can have peace of mind with just a simple lifestyle.

frugal living
Photo by Nathan Cowley from Pexels

9 Benefits Of Frugal Living Lifestyle

In this article, we will tell you about some benefits of frugal living, so if you are someone who is thinking about trying this lifestyle, keep on reading!

1. Early retirement

If you are someone who doesn’t want to spend your entire life working for a paycheck, then you should start adopting a frugal living lifestyle. It doesn’t mean you have to be stingy but being careful about spending money will benefit you in a long term.

2. You feel less stress

The truth is when you get used to a frugal living lifestyle, you spend money more wisely which means less debt (or even debt free!) You don’t have to live your life stressfully because you spend way too much and need to work hard to pay off debt.

3. Practice gratitude

Okay, a frugal living lifestyle might not be something you can show off on your social media, but you will start to appreciate the little things in life. You don’t need that luxury car to feel complete in life, you don’t need to eat at expansive restaurants every time to feel like a celeb. You can feel happy with simple things which means your happiness comes easily.

4. Have more money for saving/investing

Another benefit of a frugal living lifestyle is you will have more money for saving or investing in good stocks, funds, or even properties. By cutting extravagant expenses you will save a lot of bucks. And can use this money to earn more money by investing!

5. No need to stay in your bad job

It’s a terrible feeling to stay in a job you don’t like because you have no other choices, especially if you live paycheck to paycheck. Whether selfish coworker or boss who never appreciate your work. This stress can lead to depression and make you feel miserable. But if you are comfortable to have a frugal living lifestyle, it’s a lot easier to find a new job that you can feel happy with.

Debt trap illustration by Aeko/Adobe Stock

6. Have more freedom

When you don’t need to rely on a high salary to pay off debt or afford a luxury lifestyle, you will have more freedom to live your life the way you are. You will have more life balance between work and your personal life.

7. Being able to give more to other people

When you don’t need to have a lot to feel enough, you will have more to give to other people. You can donate extra bucks to help some people or even donate your own pieces of stuff. Trust me, the more you give, the more you will feel peace of mind.

8. Financial contentment

Another benefit of frugal living is financial contentment, when you feel satisfy with your financial situation, you are less likely to compare yourself with others. Financial contentment is to feel satisfied by living within your means.

It can be hard this day in the world where people portray their life on social media. Just because someone gets a brand-new car doesn’t mean they are more rich/wealthy than you. So frugal living will make you feel more contentment in your financial situation and feel happier in life.

9. Be a good example for your children

What is the best way to teach your children not to be extravagant? Of course, is to show them by your behavior. Kids learn how to spend money from their parents. If you think before you spend money, they will learn that from you, and it will be beneficial for them in a long term.

Conclusion:

So after you know some benefits of a frugal living lifestyle, you can decide whether it’s suit for you or not. Being smart with spending money will help you achieve your goal faster! If you find this article helpful please share it so other people can see it too. Thank you for reading!

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These are some of my favorite blogging tools

Thank you for reading this article. Anyway, for those who are looking to build a blog and wonder which tools you can use to build a blog or a website, I highly recommend these tools below.

Web Hosting: if you just start blogging I recommend you to get a Bluehost since they are easy to set up and quite cheap. The price started at US$2.95* but if you plan to scale up your website in the future, I prefer Cloudways more because Couldways works better once you get high traffic to your website. you can switch plans easily as well and they also offer a free trial with no credit card required

Domain Name: Most of my websites bought domain names from Namecheap, I did some research before I bought them and most domain names from Namecheap are cheaper than other websites.

WordPress Speed Plugin: I currently using this plugin and I’m really happy with the result. WP Rocket speeds up my website to rank a good score. Highly recommend!

WordPress Theme & plugin: For some of you who prefer to use a theme for your website, personally I like ThemeForest (my website uses a theme from here) but in case you are looking for other options such as themes, landing pages, funnels, including creating your own online courses please check out ThriveThemes

Email Marketing Service: Currently I’m using GetRespond which is easy to use and you can sign up for a 30-day free trial. The cheapest plan stat at only US$19. No credit card require so if you don’t want to use the service after the free trial period ends, you are good to go.

Graphic Design: If you don’t have graphic design skills I recommend using Canva Pro. They have so many templates which are easy to use and it only costs you US$9.95 a month.

Stock Photography: I recommend using 123RF or Depositphotos. Both sites offer good-quality photos. For Depositphotos, their plan starts at US$9.99 per month for a 1-year subscription.