What Are The Best Benefits Of Frugal Living: Best 13 Advantages
This article has everything you need to know about benefits of frugal living.
The thought of being frugal brings fear to those that want to enjoy life.
Frugal living is not that extreme. It may seem difficult at first, but after a while, it becomes fun and you are amazed by what you have achieved just by compromising.
Living a frugal life is simple, when you form good habits; you won’t find it difficult maintaining them.
Most people confuse frugality as being cheap and living a life of deprivation, they believe the more you have money, the more you should spend it.
On the contrary, being frugal is a life stuffed with potentials and capabilities; you really get smarter and view life from a different perspective.
You determine what you want in life and device a way to attain it, ultimately you realize that life isn’t as tough it’s seems after all.
Living a frugal life is simple, when you form good habits; you won’t find it difficult maintaining them.
People embrace frugality for various reasons. For some, it could be that they’re going through some tough time, others it may be that they simply want to cut down on their expenses and save more.
It could even be because economic hard ship and job insecurity. Whatever be the case, being frugal is helpful.
Benefits of Frugal Living
1. Saves money
Frugality is a way of getting rich slowly; adjusting your spending habit could result to great fortune without your knowing it.
When you cut your expenses, you’ll be amazed by the amount of money that could save within a brief time. You will have the ability to pay rents, bills and education without difficulty.
It leads to financial stability; you can have the ability to pay for emergencies. You realize that there’s little or no chance to borrow money.
2. It frees up time
Unplanned spending could really make one spend an unbelievable amount of time shopping.
When you live frugally, you spend less time on material things; you spend less time in traffic or working and fewer time paying bills.
You find yourself becoming more social because to spend more time with people and as well spend quality time with your family and love ones
3. You spend wisely
When you know the amount of money you have, you’ll buy what you could afford at a particular time.
Being frugal, helps you discover the important things in your life that needs utmost attention, it creates more spending options and you control your wants.
You realize that you don’t necessarily need to have the latest gadget, flashiest car or latest designer outfit. Being frugal helps you to make tough decisions; you choose what best to invest your money.
4. You are happier
If you don’t have lots of expenses to make you realize that you have little to worry about. When you are financially confident you worry less which brings about peace of mind.
Living a frugal life make you happier and pleased. When you look at your achievements, the amount of money you have saved, you feel proud about yourself.
5. It leads to appreciation and contentment
Living a frugal life makes you appreciate the resources you have and be grateful, you feel contented with what you have rather than whining for expensive things, you start seeing life from a different perspective, you find that you don’t necessarily need the most costly things to be happy, just a loving family and food on the table is enough for you to be happy.
This will also increase your generosity towards the needy, you feel you have already got enough; you give without difficulty to people who are in need.
6. It brings about creativity
Frugality opens a world of possibilities; it strengthens your imagination and makes you start thinking outside the box.
You start searching for alternative way of doing things and most times discover your hidden talents. Frugal people do plenty of things themselves without necessarily seeking the help of a professional.
They fix their cars, garden, cook, fix leaking roofs in other to save cost and them willingly learn things they can’t do thereby acquiring new skills. Being frugal keeps the brain alert
7. Reduces Stress
Spending less reduces the trouble you must deal with on daily basis.
Frugal people have lower stress level than others, because of their planned life, they borrow less hence they’ve little or no debt to pay and they work fewer hours because they’ve fewer expenses to make.
People who make large expenses most times borrow in other to meet their needs hence, having more debts to worry about as a result, they work more hours and sometimes add more workload to in other to make enough money to pay their debts which leads to stress (1).
Stress could lead to heart problems, depression and anxiety. People that live frugally are less likely to having these health problems
8. Healthy living
Frugal people live healthier lives, they make good food choices, rather than junks and fast foods they eat better foods also when you cut down on meat consumption for more vegetables, and you reduce your fat consumption which balances cholesterol level and body weight.
Cultivating your own foods or buying directly from the farmers rather than groceries is not only cheaper but healthier.
People that live frugally also exercise more. They tend to do most things by their selves in other to save cost.
For example, a frugal person will prefer to move his stuffs by himself packing out of a house. Biking to work to save on cost of owning a car is also a way of working out
9. Ability to switch career
People with large expenses most times are trapped in their jobs; they have a tendency to keep working a job that they don’t feel pleased with because they’ve little or no savings.
Being frugal can really help you live your dream, with low expenses and enough savings, you can quit a job anytime you want for a better fit without difficulty.
10. Retirement
Living frugally helps maximize retirement investments and creates a possibility to retire early, if have low expenses but earn big, you could save your excesses for your golden years, you find out that you must have saved much within a brief period of time and you can even retire at a really young age and live off your savings.
11. Green living
Some of the things frugal people don’t only saves their money but also saves their environment. Frugal people waste less of everything, from food, water to energy.
For example they make compost for their garden, choose to walk rather than driving and reuse grocery bags rather than getting a new one all the time.
These save the environment for detrimental effects caused by wastes and emission of toxic gases.
12. You control your life
When you do things by yourself, you run your life. You know what’s in your food, and know precisely your financial earnings. You can as well manage your future effectively.
No matter what comes your way even if it’s marriage, travel or paying for college, you should have the ability to handle it and the ability of handling unexpected circumstances without going into debt is the key to a healthy financial life (2).
13. You set a good example
When you’re a good money manager, you set an example for the younger generation, your kids most particularly. They go on to live more frugally which could lead to a better life for them.
Thank you for reading this article about benefits of frugal living and I actually hope that you take action my advice.
I wish you good luck and that I hope its contents have been a good help to you.
