Spending money on things we like can be really pleasant. Well earned money can be spent on anything that you feel like purchasing and nothing is wrong with that.
The goal from frugality is that you can avoid living from paycheck to paycheck to be able to pay for your debts. You can live in a house so extremely large to make your family proud, have a nice car to impress your friends, but have nothing left for your peace of mind.
Maintaining your current expensive lifestyle makes no one happy, think about your expenses now so you don’t have to worry in the future. If you lower your expenses you are able to go out whenever you want to, join your friends or family on a daytrip without remorse and enjoy yourself.
Frugality is founded on the principal that all riches have limits. – Edmund Burke
Many people ignore their expenses and life makes them trip over their debts. Avoid issues down the line. Prepare for anything that comes your way by controling both your present and your future. By taking your expenses under controle you can effectively manage your money.
One thing that you should remember from this article is that you can implement fragility in your life as much or as less as you want to. Living the complete minimalist lifestyle is not for everyone, and it shouldn’t be.
The level of fragility that you want to implement depends on your current lifestyle, what your goals are and what interests you. The highest expenses are housing and travelling costs. To have the most amount of room to move around with it’s suggested to lower these costs. Consider buying a car which is a couple of years old instead of a brand new one.
Buy a house that satisfies your requirements and your family, but don’t focus on impressing your friends with your housing. If you focus on what other people want you will put yourself into deeper debts and it will come back at you in a couple of years.
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Thank you for your comment and for the nice words. Yes, it is very important to
not go overboard on your housing. Other people will see what you buy,
but only you will take the consequences of the debt.
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Thank you, I appreciate your comment. Hopefully you will like all the following articles!