Being frugal rocks so hard that it will give your finances whiplash. I’m not talking about the car accident kind. No, I’m talking about the good kind of whiplash. You know, the kind you get after a night at a Slayer concert – or whoever it is that the kids are listening to these days. If you are thinking about taking the frugality leap for yourself, here are six reasons why being frugal will rock your world.
1) Having Money for Emergencies
Let’s face it, things happen. You may have unexpected car repairs or need a new water heater. Maybe you will require an emergency room visit and instantly hit your insurance deductible for the year. Whatever the emergency may be, being thrifty and living a frugal lifestyle means that you have money saved for it. Being frugal means that, instead of putting the new expense on credit, you can write a check for it. Having money for emergencies brings peace of mind and reduces stress. Knowing that you can take care of any problem that may arise is truly a great feeling.
2) Being Able to Retire Someday
Hopefully, if you are frugal enough over a long period of time, you can retire someday. While your friends may be working well into their 70′s, you may be at home working on your hobbies…or traveling…or sitting on your ass. Who cares? The point is that if you are thrifty and save enough you will likely be able to retire way ahead of your peers. Then, you can truly decide how you want to live your life.
3) Weed out Your Fake Friends
Sure, you can probably find anyone to go to a football game with you or to try out a new nightclub. You can probably talk a casual acquaintance into being your shopping buddy. However, who would want to eat a homemade dinner at your house and play cards? The answer: your real friends. If you begin a frugal lifestyle, you may find that you lose a few friends. I did…and that was OK with me. Basically, if you take materialism and consumption out of the equation, you might find that you have a lot less to talk about with certain people.
4) Buy Less, Waste Less
As a society, we make and consume waaaaaaaay too much crap. Walk into any store, and you may see aisle after aisle of it - toys, gadgets, back scratchers, picture frames, trampolines…you name it. And when you buy all of that crap, you are just encouraging other humans to make more crap. Bring frugal means that you only buy what you really need and want. It may mean buying used items or just buying less. Either way, you are adding fewer items to the huge waste that we humans create each day.
5) Being Frugal Means Fewer Marital Problems
Everyone knows that money problems contribute to an incredible amount of marital problems and divorces. The thing is, when you are smart with your money as a team, you will find a lot less to argue about. If you learn to live within your means and start saving, chances are the disagreements about money will become few and far between. When bills are paid on time and money is in the bank, stress and hostility decrease. When you get on the same financial page as your spouse, you may even find that it doesn’t bother you as much when they leave their pajamas on the floor every day for EIGHT YEARS STRAIGHT. I sure did. (Sorry Honey! Kisses!)
6) Better Sleep
I have to say that I sleep GREAT these days. I think part of it is my new Serta iComfort mattress. Also, I just don’t have a lot to worry about. Sure, I worry about the big things like someone I love getting into an accident, someone close to my dying, etc. But, I definitely don’t worry about money. I sleep great because I know exactly which bills are due and when. Furthermore, I have the money to pay for them…and I have an emergency fund for anything else that comes up! Now THAT, my friends, is relaxation.
Personally, I think that being frugal is some super awesome sauce. Although your friends may see you as a fun-hating cheapskate, they just don’t realize the benefits of being frugal. While everyone else is just running through the motions on the hamster wheel of life, frugal warriors everywhere are taking control of theirs. Cheap brothers and sisters all across the land are paying off debt and refusing to consume so much at such a rapid pace. Being frugal means that instead of worrying over your finances, you actually take action to change them. I have taken action to change my finances for the better. Have you?