What is Frugal Living?

Frugal living is a lifestyle that involves careful planning and spending as well as avoiding waste. Some people may choose frugal living out of desire and some may incorporate such a lifestyle out of necessity. It’s not about being cheap; it’s really about being practical and making the most of available resources through various methods of saving money, reusing existing items instead of buying new ones, and finding bargains and good deals.

The premise is that a person shouldn’t pay more for something if he or she doesn’t have to. People who incorporate the concepts of frugal living into their daily lives generally adopt a strict budget and try very hard to stick to it. They tend to purchase the most inexpensive products if those products are a good value.

Many frugal living families also take advantage of sales and use coupons. They recycle, revamp, trade and find other innovative ways to get as much as possible out of what they have and what they earn. Frugal living and simple ... more.

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