Are you looking forward to attaining financial independence? If so, then you must have definitely met a lot of people suggesting you to opt for a frugal life. Well, for many people, frugal living is more or less like living cheap, and there are myths as well that support this thought. These are some of the very common myths you’ve been hearing about frugal living and you believed they were real (but they aren’t):
MYTH#1: FRUGAL PEOPLE DON’T HAVE TOO MANY CHOICES
A big number of population believe that living a frugal life limits the choices of a person. It’s a common myth that frugality is more or less identical to poverty. Many people are of firm belief that a person who chooses to live a frugal life is limiting himself/herself into a box.
Frugal people have smart choices.
MYTH#2: FRUGALITY IS CHEAP
A lot of people assume that frugality is all about living a cheap life. There may be some similarities between these two terms, but both are different in some aspects.
A frugal person looks forward to the best of value for is his/her hard-earned money, and to its contrast, a cheap-centric person sees only the lowest price tag.
MYTH#3: A FRUGAL PERSON NEVER ENJOYS THE LIFE
People are of thought that a frugal person is never able to live the life at its fullest. And yet, a frugal people never gets to enjoy the life.
When a person is able to focus on what’s more important rather than running after things that aren’t really required, he/she is able to free up more money for things that are very important for life.
Living frugal is not just about sacrificing on things. It’s about making smart choices by distinguishing between the things wanted and the things required. The things you want are based on societal influence, and the things you need are actually the hardcore requirements to sustain your life on planet earth.