Nowadays, one of the best ways to achieve success is to be frugal. People practice frugality save for the rainy days just like farmers do. Being frugal helps them to reduce their extravagance and increase their savings. The act of frugality helps you to economize your money and prepare for unprepared financial distress. For instance, an employee gets paid at the end of the month, if he spends his salary all at once without saving, he will suffer throughout until his next salary is paid. So, a wise employee saves by being frugal.
Exercise the act of frugality
If you don’t exercise the act of frugality in the use or expenditure of your earnings, you may never be successful. Frugality is the opposite of overindulgence and improvidence. Even for farmers, they conserve their proceeds after harvest so that it can carry them till the next harvest period. Even those who own livestock knows that they have to store enough hay during the summer so that they can feed their animals during the winter season when the pastures are covered with snow.
Frugal living is difficult
It is not easy to practice frugality; in fact, it is one of the most difficult decisions anyone can take when it comes to saving for the future and becoming successful and wealthy. But don’t think that it is easy. Being frugal takes a lot of discipline and you will need to set some goals for yourself. Moreover, it is not easy to tame a lion and money is a tough one. Once you have set your goals, it will be easier to live frugally. Sometimes, you may be tempted with some of the most beautiful things in this world; but every time, you need to try and overcome such temptations. Look at living a frugal live as a challenge with huge rewards, and you will do just fine. You have to be committed to it. Don’t be frugal today and become an extravagant person tomorrow. You need to be able to train yourself to be frugal every now and then and in all situations. Let frugality be a part of your daily routine, spend less and save more.
Prepare for the future
Most people aren’t as frugal as the farmer has to be. When their salaries come in every month, they delight in spending them as fast as they can. They lay aside nothing or too little for the rainy days ahead. Some possible results of wastefulness and extravagance include spending of the future earnings which can lead financial troubles, poverty, and mental torment. Frugality teaches us to get ready for lean years during the overflowing years, to spend less and save more and to be prepared for any obstacle or emergency that may come our path. When you prepare for tomorrow by investing in your today, you will never be anxious about your future.
Lesson learned from frugality
If you can save a small portion of what you earn and save it, there comes a time in your future that it will provide for your need. My grandpa was frugal, he never spent his money on unnecessary things and he saved endlessly. When he retired, he had more than enough to travel around Europe with my grandmother for a year. They were very happy doing this. I remember that grandpa never took any loan, in fact, he owned a car without getting a car loan. Grandma always goes shopping with lots of coupons and she pays in cash. They bought their necessities in bulk and had everything they needed at home. I learned a lot from their act of frugality, they were wise in spending or making financial decisions.
Moreover, they could get what they want without owing anyone. I learned that frugality is simply a cheaper way of living a happy life. It doesn’t mean you have to go without getting the things you want, but you need to understand that your necessities matter than luxuries and superfluities. Fortunately, when grandpa and grandma died, they left so much money and properties for the children and grandchildren. But most of all, they gave us the most beautiful gift of all – how to be frugal in life and be successful.
Invest in your future by saving some of your earnings. A great personality is not found in someone who is burdened with debt. When you have little nest eggs of security, you will be assured of peace of mind, which will hatch into happiness in the end.