Frugal Budgeting

Posted By: Dr. Frugal in Frugality on 06/05/2007 at 20:51:57

Don't be scared by the b-word. Budget. It's your friend--not your enemy. A frugal lifestyle of course involves a budget but let's break out of the stereotyped thinking for just a moment. It doesn't mean huge amounts of sacrifice, tightwadding or living in poverty. At least 50% of successful budgeting it in your head. If you've failed keeping to a budget before, figure out where you went wrong and don't do it again. There's nothing wrong with making mistakes--just making the same mistakes over and over again.

Frugality is really just a state of mind. It's simply living in a controlled way. If you want the 42" plasma television then save up and get it. A frugal person wouldn't buy it on credit but rather save their nickels and pennies and buy it when they had the money. Frugality is by no means a lifestyle that involves profound self-denial.

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