Frugal and thrifty people make wise decisions, not stingy ones. A frugal person has learned through experience how to find bargains and patiently wait for sales so that they make purchases that are best for them financially. Above all, a thrifty person is always adding to their savings.



There are many wonderful benefits to living a frugal lifestyle. The first is security. By choosing to hold off on purchases, trips, or other spending and putting that money into savings, you know that you have money if something should come up in the future.

Spending less money means that a thrifty person doesn't require the same income to sustain their habits that a less frugal person would. That leaves them freer to enjoy life. Their work schedule thus is less restrictive, possibly even allowing them to work from home in pseudo-retirement.

Buying with cash continues to be the best way to negotiate large purchases in your favor, a fact known very well by the frugal buyer. A thrifty lifestyle allows you to save up cash for those big purchases in life instead of just making a rash decision to spend large amounts of money. Making high cost purchases with cash in hand and a well thought out plan will let you dominate negotiations over price.

It is not extremely difficult to become a frugal person. It probably is a good idea to talk with your family (or anyone who lives with you) before you begin your quest. It is easier to accomplish it together.

Start small by paying for what you need with cash and getting rid of your credit cards. Cut your spending and begin to institute a 24 hour waiting period for purchases. The more you wait and think, the less likely you are to purchase something you don't need.

Thriftiness can be associated with a happy life filled with freedom, security, and a true sense of appreciation for the things you have been able to acquire.