7 Great Reasons You Shouldn't Be Ashamed of Frugality ...

By Valencia

Friends and family might poke fun at your frugal ways, but there are reasons you shouldn't be ashamed of frugality. Knowing how to stretch your pennies is an art that few people have mastered. Nowadays, most people are interested in upgrading their lifestyles and buying the newest gadgets. As a result, they fall deeper into debt. But your story is different. For that reason, here's why you shouldn't be ashamed of frugality.

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1

There's Less Clutter in Your House

As a frugal person, you spend your money wisely and you don't shop just because you can. Therefore, you might have fewer items in your house than someone else. This isn't necessarily a bad thing. In fact, this can reduce clutter in your home. And the less you have, the less you have to maintain.

2

There's the Option to Work Less

People who always buy the newest and latest things are often slaves to their employer. Because of their spending habits, they have to earn a certain amount each year to maintain their lifestyle. Therefore, there isn't a lot of freedom or flexibility regarding their work. If you're frugal, however, you spend less money, so you need less money to get by. Because of your frugal ways, you might be able to work fewer hours each week without sacrificing the things you need.

3

You Feel Less Stress

Society may have you believe you need things to be happy. But the truth is, less is more. So what if you live in a smaller house or drive a regular car. If you have fewer bills than the average person, you'll also have fewer financial stresses.

4

Gives You Control over Money

Rather than let money control you, being frugal gives you control over your finances. You control how you choose to spend money, and how you don't. Also, you don't let friends and family dictate how you spend your dollars. When it comes to personal finances, you're a leader, not a follower.

5

You're Passing Frugal Habits to Your Children

Children often imitate the financial habits of their parents. For that matter, if you're a frugal person who spends money wisely, your children are likely to do the same as they become older. They might have more money in the bank than their peers, better credit, and they might enjoy freedom and flexibility with regards to their employment choices.

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Peter Elbow
6

You Have More Cash in the Bank

While your peers are spending their money living the good life, they probably have little in their savings accounts. Frugal habits can help you reach savings goals. Whether you want to build a 3 to 6-month cash cushion, save up for a house or plan better for retirement, spending less and saving more helps you reach these goals. Also, when you have a difficult time financially, the money in your bank account can help you survive tough times without ruining your credit or borrowing cash from family.

7

You Can Actually Enjoy Life

Working 40 hours or more a week takes the majority of your energy, and there might be little time left for exercise, spending time with family or enjoying me-time. But if you're frugal and you have the opportunity to work less, there's more time in your schedule to actually enjoy life. Imagine only having to work 25 hours a week, or having the flexibility to take time off to go on a vacation.

Being frugal has its benefits, and don't let others tell you differently. Are you ashamed of your frugality? If not, tell us why.

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Where Thoughts and Opinions Converge

I come from a rich and wealthy family but we don't like to make it too obvious. My dad makes millions of money each month and he still dresses like a homeless man in the streets which I quite get my inspiration from, so as my mum. You see frugality is not something you should be ashamed of, people who brag about their money should be ashamed.

I dI agree with @Beaohbea on this one.. Most people can just about have a holiday once a year on 40 hours a week, and some don't even have that luxury. Therefore this opinion is a bit biased to me.

I'm not even working atm (studying full time) but I've booked a holiday in October - aiming for a full time job come around June though! I've got a decent stash in savings, I don't go out much and rarely go shopping for clothes and that, I used to be really attached to my savings but learning to live life a bit more now :)

I haven't fot a choice but to be frugal living paycheck to paycheck. I'd love to have a 25 hour work week!

When we were little donkeys years ago during the war,it was drummed into us " a fool and his money are soon parted". It was a case of a day's work for a day's pay and save for a rainy day. Why be ashamed of having some money squirrelled away because you prefer to not splash it about ?

Most times, when you work 25 hours a week you won't then have enough cash to spend for vacation, unfortunately. At least here in Europe

Every thing has a limit we shouldnt over do it , including saving live a life ppl

One of the many grateful things that my mom taught me was to be frugal. My dad taught me not to brag about vacation and luxuries. The saddest and most judgemental is where friends assume that you cannot afford or don't make enough to fill up your home with gadgets, knick knacks, and etc. Maybe they should wonder where the money goes if not being spent. I agree with Diamond, those who brag should feel ashamed. A frugal will still continue working 40 or more hours not so can spend more but to save more.

I'm not ashamed of my frugality because it's my life. I buy only things that I really need and I avoid having debts so that I have no worries.

I come from a rich and wealthy family but we don't like to make it too obvious. My dad makes millions of money each month and he still dresses like a homeless man in the streets which I quite get my inspiration from, so as my mum. You see frugality is not something you should be ashamed of, people who brag about their money should be ashamed.

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