Simple living and financial independence does not have to do with depriving yourself of money or things. Actually, living a frugal life on purpose can be quite beneficial. Living a frugal lifestyle is all about spending the money that you do have and earn with purpose towards a specific goal such as paying off debt or whatever else that will lead to ultimate happiness. According to an frugal article, being frugal has plenty of benefits that don’t really have anything to do with money. Some of the benefits of living a frugal life on purpose include: cuts waste down (such as food), sparks creativity, can be eco-friendly, helps you to prioritize, creates community, helps to form close relationships, provides you with more options, lessens your consumer choices, brings simplicity and peace to your life, helps you to exercise more, and providing continuous things to do so that you are never bored. According to another frugal article, being frugal can also get you out your financial hardship. Being frugal can be about saving money. For example, limiting dining out and entertainment while sharing one car is a great way to save those extra pennies which can help you decrease your debt. Don’t think it is possible? Just limiting these few items could result in a savings of $7,500 a year. If you have credit card debt or are saving for retirement that’s more money that can be used with purpose. Besides living a simple life with purpose, being frugal can also make it possible for you to live with less income and accomplish financial security once and for all.
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