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Being “Frugal” Can Help You Gain Financial Independence

 by: Michael Saunders

To maintain control over your financial situation, you need to limit yourself. When doing so, be strict - but not too strict that you will be more apt to give up. With self-discipline, you are bound to succeed in improving your financial situation. In other words, learn to enjoy life as a cheapskate!

Being a cheapskate doesn't mean you can't enjoy life; it just means you enjoy life while making a conscious effort to budget and save money. If you admit you get pleasure from actually spending money, then I would suggest you first realize that this is a problem, especially if you don't have the money to do this. Even if you do have the money, unless you are a multimillionaire, spending for the sake of spending may be detrimental to your financial condition in the long run. Take the necessary steps to convince yourself that, as a cheapskate, you can enjoy life too.  (continued...)
Being “Frugal” Can Help You Gain Financial Independence
  Page 2

About The Author

Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Credit Repair and Debt Consolidation and is president of Information Organizers, LLC.



“I think, by 2018, there’s an opportunity for New Orleans to be viewed around the country, around the world, as a hub of entrepreneurship for the South,” says Tim Williamson, the CEO and cofounder of incubator The Idea Village, referring to the year the city will celebrate its 300th anniversary.




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