7 Reasons to Be Frugal Even when You're Better off ...


If your income increases, it's tempting to change your lifestyle and start spending according to your new income.

But if you're used to living frugally, it's worth sticking to your old spending habits and maintaining a frugal lifestyle once you're better off financially.

Here are some reasons why …

1. Rainy Day

'Saving for a rainy day' was a habit our grandparents practised, and it's a good philosophy to adopt.

You never know when you're going to need that umbrella!

If you stick to a frugal lifestyle even when you have more money, you'll be able to save plenty should you need it in the future.

At any point you could find yourself unemployed or have hospital bills, so save as much as you can.

Maintain Good Spending Habits
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