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How to Be Frugal And Live a Good Life

I think that the way most people spend money is absolutely nuts. I see people buying things they can't really afford, or things that will have no lasting impact on their lives whatsoever, and I cringe. Be frugal, I want to yell.

On the other hand, there are people who go way out of their way to save a dollar, even When spending that dollar would really make their life better, or create some lasting memory that would impact them long after the dollar was gone. Don't be cheap, be frugal, I want to yell.

Maybe a better phrase for frugal, at least the way I think of it, is financially-efficient. And just like most mistakes I see people make, this one stems from not actually thinking about decisions and just going with the flow.

Money should only be spent if you have it, first of all. Just because everyone else has a car doesn't mean that you are somehow entitled to one, too. If you don't have money for a car, don't buy one. Never finance anything, with the possible exception of a house. Even then, I think it's usually a bad idea.

What Money Can Do to Your Life

On No Status Quo

It's great to have money. Money can buy you many of the finest things and experiences in life. Sure, there are some things you can't get for money, but there really aren't that many.

When I was a kid, I used to dream about having a yacht. I could spend hours researching different luxury yacht models, looking at pretty photos of what I thought represented a happy life.

I guess I was spoiled by our materialistic world from an early age. Or maybe I was born that way. But now I've learned that materialistic goods don't add much happiness to our lives.

I used to think that owning a Retina Macbook Pro would make me so much happier than having my two-year-old laptop. So I worked really hard and saved up some money until I could finally afford to buy it. It's by far the most expensive thing I ever bought.

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