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:
- 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.