Reasons for frugal living

In US or western countries we equate money to happiness, but seldom our experience in day to day life makes us believe the fact that money cannot buy happiness. And we also believe that if we get a good job then our financial problem will disappear.

This is true that rise in our income leads to more savings and more desire to expense more. Actually rise income leads to rise in debts. So in that case you need to think about frugal living. Frugal living is nothing but is to keep track all the expenditure you make. And this will give you the idea about your spending I.e where is your money going.

Only keeping track is not going to help you unless you learn the process of living in another way. Spending less means you are saving which is a form of sacrifice but because of savings you can retire early and start your dream venture like farming.

You must have some financial desire like home without mortgage, car without loan etc. so you need to save more and you should have clear idea about time frame that means you must the knowledge of perfect timings. When all your desire will be fulfilled.

Suppose you are spending $3.5 everyday for coffee it does not hurt you but if you you multiply this figure with 20 then it becomes $70. that can hurt your monthly income so you need to think on your spending. Frugal living helps you to check your expense and makes you think about savings.