Become Rich by Living a Frugal Life

Tight-fisted or just being frugal?

‘Tis the season to be jolly, but it’s also the season to be frugal.

Frugality is sometimes confused with being stingy, but I personally liken one who is frugal to someone who is being prudent.  “Who am I trying to kid?” you may well ask.

Am I trying to deceive myself in thinking that I’m not Ebenezer Scrooge in disguise every-time Christmas is upon me?

Or am I genuine in my feelings that spending huge amounts of money, that I may or may not have, does very little towards my own personal growth and self-improvement?

I’ll leave you to answer the previous questions after you have read this post.

We must see money for what it is, and that its made of very little substance and should be given no importance other than providing us with our daily bread and simple lodgings to live in.

Money in no way should come before oneself and relationships – which means being wise enough to develop the immunity to greed and deception, which are the very evils that money can encourage within us.

One, who chooses to fall in love with money and who gets pleasure from spending it frivolously because of vanity or impulse, are risking their very lives being held captive on the slave ships of debt.

One needn’t cross the Middle Passage suffering and struggling to repay their mistakes of overspending what they didn’t have, but instead, one can live like a king with liberty and plenty of cash to spare due to living a frugal life.

Why not read my advice on avoiding debt if you still don’t believe me.

Capitalism and consumerism go hand in hand, but one must remember both ideologies were created by modern man and has no place amongst nature and wisdom, both of which were here before man and what we should instead embrace.

We must learn to turn away from superficial means of expressing ourselves and, instead, should look inwardly to discover the riches which will satisfy us more than any materialistic possession you wish to spend money on.

“Deprive yourself on nothing necessary for your comfort, but live in an honorable simplicity and frugality.”

~ John McDonough

Follow these wise steps towards being frugal:

  • Avoid buying brand names and labels, especially in regard clothing.  There are cheaper alternatives and are made of decent quality, which will still keep us decent and warm just the same.
  • Buy cheaply and look for bargains to be had
  • Buy second hand – no shame spending your money in a charity shop, which will not only provide you with cheap stuff but will also provide for those who are less well off than yourselves
  • Why not tap into your creative self and make something out of nothing, which can also be given as a present
  • Are you harboring too much stuff?  Not much room in your house?  Why not give away stuff as a present this Xmas whilst at the same time downsizing the amount of possessions that you don’t use
  • Give either cash or vouchers as presents.  This will allow you to budget and give everyone an equal amount, not to mention allowing ungrateful recipients to buy exactly what they want

4 Comments

  1. Liz says:

    I’m struggling with Christmas this year — two kids in college and a need to conserve money! But … So I’ll cut back on my husband and me, and cut back some on the girls. I read your tips with interest and want to take issue with the one on brand names, vs. not. Sometimes brands DO matter! I tried a knock-off shampoo (vs. the Pantene, I usually use — and which I almost always manage to get on sale). The house brand was imply, simply awful, so bad we threw it out. On the other hand, we furnished my daughter’s college apartment largely through Goodwill! Sometimes it pays to be thrift and sometimes it doesn’t. I urge people to also look at the book Debt-Free Millionaire by Anthony Manganiello. He has a process to help get you out of debt, including a really critical one: understanding debit and credit, and helping identify where you want to get to.

    And now on to ways to trim Christmas costs. I’m really good at looking for coupon codes for stuff I’m going to get anyway! Spent two hours online Monday night rearranging an online shopping order in order to take advantage of complicated coupon codes, and managed to save almost 1/3 of a $300 order. Took time, but at that point I had more time than money!

  2. Jason Cooper says:

    Hi Liz and thank you for your thoughtful and personal comment.

    Hahaha, I was more talking about clothes regarding brand names – I need to edit my post.

    I do agree with you about brand products being better than the cheaper stuff, but that is not always the case.

    Good luck with your money saving exercise this Christmas – and have a good one!

  3. Material possessions have become synonymous with happiness and being loved. That’s what all this commercialism boils down to. Money becomes the means to buying happiness and love. One needs more money to buy more things to buy more happiness and love. And the fancier and more expensive the thing, the greater the happiness and love. It’s a vicious cycle that leads to endless longing and dissatisfaction.

  4. Jason Cooper says:

    Totally agree with you, NP.

    When are we going to wake up to the fact that, other than the people we love and respect, everything that is external to us serves no real purpose towards our own internal growth and happiness.