Frugal Living is All About Creating the Debt Free Magic in Your Life

This site is about helping people, both financially and in all aspects of their lives.

Because I want this site to be a community, you will see from time to time, guest posts from readers and fellow financial bloggers.

Below is MW/Debt’s first guest post by Martha Jackson – thanks Martha! – John

Frugal Living is All About Creating the Debt Free Magic in Your Life

Frugality is more of a magic that helps you recreate life, a debt free one. Frugal living helps you save more money than you could through an ordinary budgeting plan. Thus, it also helps you to reduce expenditures and provides you the means to pay off debt.

Once you are in debt, becoming debt free may seem to be a tough job, but if you have additional money in hand, you can use it to become debt free.

Being debt free can be peaceful, so why not practice frugal living?

Frugal Living Tactics and the Magic

First of all you will have to understand that a penny saved is a penny earned. A penny, though a small amount, can help you save lots. Small amounts can add up to a big amount one day.

So, practice frugal living as it can help you save money, even if it’s just a penny on your daily expenditures.

Frugality is more like a magic because:

  • It lets you turn one thing into another – Frugal living causes you to turn one thing into another. For example, you can turn an unused cell phone into cash. You can sell off an item that you no longer need and make money out of it. You can also use a pair of old jeans to make a designer bag if you have a knack for creating new designs.
  • It helps you find savings from impossible places – Just like magic, through frugality you may be able to find savings from the most unbelievable places. In order to do this you need to have a hawk’s eye. For example, you will have to check the bottom of a diaper bag before throwing it out for discount coupons. Another thing is, you will have to check the back of the store receipt before throwing it out as these sometimes have discounts printed on the back.
  • It gives you the thrill of achievement – When you practice frugal living, you are always making something new, recreating something out of an old item, saving money from most unbelievable places, and so on. This helps you to bask in the glory and thrill of achieving something. In fact, there is nothing like watching yourself performing the magic of saving money out of an improbable situation. So, frugality makes you a happy person in the long run.
  • It makes the world a better place – With frugal living you are able to learn slowly but steadily the importance of money and savings. As you go on saving money and lowering your expenditures, you go on discovering the newer aspects of saving money. You can then help others learn how to save money, thereby driving misery out of the lives of others and making the world a better place.
  • It helps to reduce stress – While going frugal, the most important thing that you are required to do is become disciplined. Along with that, you also are required to lower your expenditures as much as possible. This can help you to pay off debt and thus helps you reduce stress. Reduced stress will mean a better and more peaceful life.

These are the things that frugality can help you achieve.

If you practice frugality, at the same time you will be able to save money, pay off debt, secure the future, become a more disciplined and better person and make the world a better place too.


Author’s Bio: Martha Jackson loves to write financial articles and she is a contributory writer associated with the Debt Consolidation Care Community and has written several articles on debt consolidation, debt settlement and get out of debt for various financial websites. She holds her expertise in the Debt industry and has made significant contributions through her various articles.



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21 thoughts on “Frugal Living is All About Creating the Debt Free Magic in Your Life

  1. I’ve always lived debt free and really like the part where you say, “You can then help others learn how to save money, thereby driving misery out of the lives of others and making the world a better place.” Bringing financial peace and stability to others’ worlds brings joy to my own 🙂 Peace out. – Josh

    • Thanks for visiting Josh. It’s amazing how financial sense can be contagious, though its counterpart (foolishness) seems to prevail.

    • I always like to promote the “green” aspect of frugality. I’d rather have something from a thrift store that was built to last. I like the idea of passing those pieces back into the thrift store cycle when I’m gone.

  2. Thanks for the though-provoking post. I am really interested in the last of your tactics – frugality as a way to reduce stress. It definitely does in that I don’t really need to worry about my finances (other than my mortgage), but I have now got more and more in the habit of stressing that I could always be going that extra mile, saving that little bit more, minding the pennies, and so on. I think I’ve reached the point where I need to let go a little bit – but carefully. Any thoughts or advice?
    ErgoOrgo recently posted..Essential iPhone apps: the Maps appMy Profile

    • Hey EO, let me try to answer for the guest-poster. That is a feeling I can identify with. Even though I have my money plan solidly in place, I often wonder if I’m doing enough, but I am confident that I’m taking the right approach. The easiest way to eliminate the feelings of guilt is to take a good look at your overall plan. When you look ahead at the next month and map out your priorities, you probably have some money left over. Rather than try to find ways to make every single penny work for us, you could use that money as some guilt-free spending money.

      Now, if it’s something like an extra $1000, you could open an online savings account with automatic transfers and send $250-500 there each month before it can be spent. Then you can use the extra money after that guilt-free. If it’s just an extra $100, consider it a reward for a job well done.

      But, a warning. This should be in balance with your economic situation. If you are just starting your debt payoff plan, you want to squeeze as much utility out of your paycheck as possible. But, let’s say you have all your credit cards paid off and are almost done with student loans, then you can ease up a bit. Much like your situation.

      Just remind yourself that you have a good plan. There is more to life than pinching pennies. If we can’t have a little fun now, what’s the point of working at all?

  3. I’m not US citizen and that’s why don’t understand how can you live in debt during all your life???
    IMHO, your life would be much better if you stop thinking every day on: “How to pay off my debt faster?” Isn’t I right?
    I know that any of us likes houses and polished cars but look around… You can rent an apartment for a while, you can buy cheap used car and you will be satisfied too.
    Thanks to all. That’s my point of view on this topic.
    Alex @ Automated Forex Trading Blog recently posted..Looking Ahead at Forex Trading in 2012My Profile

  4. I think a lot of Americans come to this realization too late, or they see others doing it and feel entitled. Then after it’s done, you realize you don’t feel happy with the stuff anyway, then you try to do something about it.

    Better that they focus on paying it off, I think, rather than giving up and just getting more debt.

    Thanks for reading!

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