Finding Hope in Frugality

Someone once said that it’s important to gain control over your money or the lack of it can forever control you. It’s only once you have experienced real debt that you acquire a true understanding of the meaning to this statement.

As I get closer to reaching financial independence it’s become increasingly apparent how my debt became not just a motivator (to get out from under) but also providing a few important life lessons along the way.

A lesson learned early on in my self education of personal finance is that it’s best not to deprive yourself of comfort, but to live a life of simplicity. Luxuries can wait, and timing is everything. Being thrifty today for any wants in the future brings you closer to those goals. But while saving, having something left over for life’s little pleasures goes a long way.

Frugality can mean different things to different people, but it doesn’t necessarily means going without. It’s about wise choices, moderation, and managing your cash flow through saving as you inch your way to financial independence.


In the above visual based on the book Your Money or Your Life by Joe Dominguez and Vicki Robin, the authors suggest there is such thing as too much of a good thing .

As we live in a society surrounded by temptation, the endless occurrences of frivolous spending are always knocking at your door. Developing a strong will (and budget) are key to managing your personal finances, along with finding a renewed sense of happiness. It’s not money that buys happiness (although it doesn’t hurt) but the reduction in stress from being debt free certainly contributes to the happiness quotient.

Living a life of frugality doesn’t mean you stop living, but more about how simplicity and frugality together can improve your quality of life.

Being able to see the light at the end of the tunnel, as I’ve clawed my way out of debt over the last few years I’ve started to develop a number of feelings as I come closer to reaching my goals. Pride, accomplishment, enlightenment, happiness… there’s that word it can, surely it can’t be a coincidence.