My friend asked me the other day, why I teach people to live frugally and to save money, when I do whatever I want, whenever I want?
When my friend asked that question it made me realized that perhaps I should better explain what frugal living is all about.
I have always been a frugal person while I believe in living frugally; I never deprived myself of needs or of some wants. Living frugally meant I had to always have a smart plan, which I followed until I met that particular goal.
Living frugally does not mean you have to wear the same clothes over and over or lower the temperature in your home to just above freezing. It does not mean that you have to sit in the dark and keep the lights off. Frugal living does not mean that you never go out to dinner or to a show.
Frugal living is always working on your goals; create a plan to find out what you really want.
It is being able to have financial choices. The choices may give you a chance to find some level of happiness and contentment. It allows you to say no or say yes with ease.
My decision to live frugally has caused me many small family frictions. I remember my brother – in – law saying “Tessa-Marie wants me to turn off the lights whenever I leave a room so she can save ten cents worth of electricity.” Yes I did, because it was my ten cents not his, it just made no sense to me leaving the lights on when no one was in the room. Today, Toronto hydro has all types of incentives to encourage the consumers to save on the cost of electricity. As an example they have provided us with a chart, which explains the peak period and the non-peak period of the cost of electricity. So as far as I am concerned I was way ahead of the curve on saving small amounts and that made me a trailblazer.
Being frugal enabled me to make a choice to publish my book “Controlling the Debt Monster”. I made the choice to have my book published and changed my career. I am doing what I love, advancing others to financial independence. When I discussed publishing the book, one of my co-workers told me why not continue to work for TD Canada Trust until I am 65 then publish my book. It was tempting, but I knew I had saved and invested well so I could do something I loved while I had the energy to do so.
Being able to do what I am doing today was more tempting than continuing to work at something that had run its course. I enjoyed my time at TD Canada Trust. I love that company and I am grateful. TD Canada Trust educated me and paid me a salary. The education I received from them I am using today to do something I love which does not feel like working. Even getting my education from TD Canada Trust to be a Financial Planner was living frugally since they paid to educate me. I did not have to pay for the training I received. Guess what, the education and training I received at TD Bank is mine to keep and use however I choose.
I know that my responsibility to serve others is to be the example they need. I have walked in the shoes they are now wearing and I tell them my story. Now I serve by enlightening, educating and encouraging others to follow a frugal way of life early in their career so later on they will be able to enjoy doing what they truly love.
The entire idea is to LIVE LIKE NO ONE ELSE WHILE YOU ARE YOUNG SO WHEN YOU GET OLDER YOU CAN HAVE THE OPPORTUNITY TO LIVE LIKE NO ONE ELSE.
Frugal living as a young person let you choose to winter in the Caribbean for six months of the year as a senior. Frugal living means that you do not have to work because you have to. Frugal living is choosing to work in the flower shop because you always wanted to and now you can. It also means that you can tick off all the things on your bucket list because you can.
Frugal living does not mean that every time an item is on sale you purchase it, whether you need it or not. Frugal living is, knowing the difference between your needs and your wants. Frugal living is shopping with a list of the things you need to purchase, it is not entering a store and purchasing whatever is on sale. Frugal living is bringing your lunch to work instead of spending $7.00 on lunch and another $4.00 on coffee and a donut everyday.
Frugal living means knowing what you want and where you want to be financially in the future. Frugal living allows you to have many choices. Frugal living is watching your savings grow year after year; frugal living is having your house paid off and being completely free of all types of debt.
Frugal Living equals Financial Freedom.