My Frugal Journey

Today I decided to start living frugally. At the moment I already live quite thrifty (I think) but there is definitely a lot of room for improvement. I want to discover more ways to live frugally, to become more conscious about my spending and spending habits, and to adapt (together with my boyfriend) a frugal lifestyle. And what better way than sharing my experiences of my frugal journey in a blog.

Now what exactly is frugal living? Wikipedia defines frugality as “The quality of being frugal, sparing, thrifty, prudent or economical in the consumption of consumable resources such as food, time or money, and avoiding waste, lavishness or extravagance.”*

This definition seems to imply that frugal living is about sacrifice and deprivation. However as described by Erin Huffstetler in a very interesting article about frugal living**, frugal living is about living smarter and using your money in a smarter way, so that you can afford to live the life that you want to live!

Three main concepts of living frugally are described:Frugal Living2

  • Smarter money management [know how much money you have and how much money you need to pay your bills]
  • Smarter spending [spend the money that you have in the best way possible]
  • Harnessing your creativity [find ways to make due with what you have and do more things yourself]

So living frugal is about getting more ‘bang for your buck’, creating possibilities and living the life you like to live. I’m up for the challenge of trying to live more frugally. I want to pause for a moment and overthink my spending habits and habits in general life. I want to adopt a frugal lifestyle in which I am more conscious about spending money, handling food, products, buying services, doing more things myself …

I hope you will follow me in my journey to a frugal lifestyle. I hope that in my upcoming blogs I can share tips and tricks that are useful to you all, and to receive some feedback.

Regards,
Frugal Fiona

* http://en.wikipedia.org/wiki/Frugality
** http://frugalliving.about.com/od/frugalliving101/a/What_Is_Frugal.htm

Advertisements

7 thoughts on “My Frugal Journey

  1. That’s interesting. I have worked as a financial planner for 5 years (Before moving to the field of investment banking.), I have personally seen how undisciplined many people are. They mostly focused on their shor-term goals without considering long term plans…

    Liked by 1 person

  2. I like this concept! I have found over the past few years that I am getting rid of a lot of clutter, and I am not allowing myself to buy anything to take its place. You can get by with so much less than you think you can! I tend to be a contradiction, though, as I save in some areas (like using coupons at the grocery store), but we spend far too much on going out to eat and at the taverns. You can only sacrifice so much! 😉

    Like

    1. Yes that’s really true. We can get by with so much less than we think. I still have to declutter my place though, but I try not to buy new things I don’t need, or already have.
      And the important thing is to enjoy life. So it’s nice that you can save money in some areas and spend it (a bit more) in the area’s that you really enjoy. It’s true that you can only sacrifice so much 🙂

      Like

  3. Cool idea! I don’t think it has to be miserable and oliver twist-ish at all.

    On the other hand. I have found reads like “The 100 thing challenge” simply continue to covet and fetishise the material object.

    It doesn’t have to be like either of those things, just being wise and more appreciative of what you do have, and in a way, to stop thinking about life in terms of materialism

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s