Being Frugal When Saving Time And Money
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“Price is what you pay; value is what you get.”
Warren Buffett
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Nowadays, calling someone frugal is more of a virtue, like giving a badge of honor to that person. Being frugal or cheap is sometimes used interchangeably, but the terms have subtle differences.
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It is not about having it all but about choosing your purchases carefully for you and your family.
1. Having A Purposeful Mindset
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It is easier to save or manage money when you have a plan for your future. Determine your short and long-term goals
2. Motivate Yourself
By Knowing Your Goals
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It is about spending thoughtfully and moderately and not on a whim. Know the difference between your wants and needs or living essentials.
3. Prioritize Spending To Improve Your Financial Health
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Those who are frugal make economic rather than impulsive decisions.
4. Price Vs. Value
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Even if you are not saving money, reusing bags at the grocery store, or not taxing our utilities makes economic and environmental sense.
5. Frugalness Is Good For The Environment
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Time is money. Both are valuable resources, but time is more precious because it is finite. We cannot replenish time.
6. Be Frugal About Wasting Time
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