If you’ve been thinking about how to live frugally and save money, you might be wondering where to start. Frugal living comes as the result of many small changes and can take some time to implement.
What is frugal living?
Frugal living is simply being intentional with your money. Frugal and cheap are often used interchangeably but they are not the same.
As an example, someone following a frugal lifestyle would research and ensure they were getting the best price on an item they needed, and buy the best quality they could afford. That smart frugal person knows that buying quality costs less in the long term.
A cheap person would buy the cheapest version of the thing they require, and it would probably break on them.
The frugal person would happily save money on things like eating out and designer labels so they can enjoy a family vacation every year because living a frugal life means balance.