Tuesday, October 13, 2015

Living A Simple, Frugal Life



Living a simple and frugal life has a different meaning for every individual. A common understanding of the phrase “living simply” translates to eliminating everything except the essentials in life. However, adopting a simple lifestyle isn’t as easy as it seems. Here are a few tips to get you started if you’ve decided to simplify your life and live more frugally:

1.    Identify what is important to you. Figure out what is most important to you in life, and what is essential to living. Food? Shelter? Yes. Cable TV? 12 different social media sites? Not so much. Figure out what you need to have, and devote most of your money and time to those particular things. Eliminate everything else.

2.    Evaluate your commitments. What do you have going on in your life? Lunch out with co-workers on Mondays? Girls’/guys night every Wednesday? Figure out what you just can’t give up and what those commitments cost. Then allot yourself an allowance and curfew for these particular commitments and stick to them! Drop everything else that doesn’t give you value.

3.    Evaluate your time. How do you spend your day? As in, what do you do the moment you wake up until the moment your head hits the pillow? Figure out your priorities, and see if what you do every day is in line with those priorities. If it’s not, eliminate the things that aren’t and focus on what’s important. Then, redesign your life!

4.    Spend on what you need, not what you want. Sure, once in a while it’s fun to treat yourself. But do you really need that new pair of shoes? You have plenty of perfectly good pairs sitting at home. Do you need to eat out again, or could you go home and make a delicious meal from what’s already sitting in your fridge? Learn the differences between want and need.

Remember- simplicity and frugality in life is a journey, not a destination. It takes time and commitment. So make sure you’re ready to take the steps necessary. It’s better to take one step forward than two steps back!

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