Frugality is the cornerstone of building wealth.
Frugality is the quality of being frugal, sparing, thrifty, prudent or economical in the use of consumable resources such as food, time or money, and avoiding waste, lavishness or extravagance.
I say it is a law of the financial universe; and remember, you cannot break the law, you can only break yourself against the law.
This is good news for those just setting out on their own! It’s not about how much you make, it’s about what you do with it.
Simply put, live below your means and start saving / investing for the future.
Don’t believe what the world tells you about wealth, status and happiness…it is a lie!!!!
For those of us that have already succumb to the worlds charms, it is never too late to turn it around.
Just say no!
No to any new debt, No to self-indulgence, No to keeping up with the Jones.
Take control of your finances, pay off the debt and start living for the future…
Check out my suggested reading page for The Total Money Make Over and other resources to help you get started.
Finally, tell me what frugal means to you. Give some examples of frugality in your life…