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
About The Author
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.