It gets a little out of hand when you see blogs writing about frugality tips with ways that are beyond a normal thinking. Well I don’t want to say people who are suggesting these tips are abnormal, but there has to be a law around crossing the line. There has to be a point when frugality can be differentiated with cheapness.
Lets talk about my inspiration to write this piece.
Well I like Internet and channels like YouTube is currently my personal favorite. I am always researching on different topics and budgeting was one of the topic I typed on the search box few days ago. As we all know that YouTube is Google’s property, so it acts smart like the big brother and throws more suggestions with similar searches.
There was literally the time when frugality tips kept popping up on my entire YouTube suggestion space.
Can I just say that there is no limit to the number of videos posted on this topic.
As and when I clicked to watch them, I was surprised with frugality tips and tricks. For a moment I caught myself wondering, “how on earth do they get these ideas?”.
First of all, I understand that hair will grow back but the growth is slow. Had I been relying on my hair growth for a living, I could have afforded a meal once in 2 years. Moreover who wants to take the pain of finding a place to sell your hair?
There was another smart person who mentioned about cutting back the expenses. Of course you should. Cut back what is unnecessary but don’t kill yourself for that. Like eating out everyday isn’t good, neither for the pocket nor for health. That doesn’t mean that you don’t eat outside at all. Dinner and lunches once a week or two weeks will help you socialize and wouldn’t make a drastic change to your lifestyle.
Another one to add to the list and that is what I hear all the time is – making money from surveys. What the hell are those surveys and who gets paid for that?
I haven’t heard or come across any survey that pays. I am not saying that such thing don’t exist. But can that be really counted as a side hustle? How frequent are those surveys? And can that be a consistent income?
Believe me. I am not the only one advocating minimalism. There are plenty of people saying so. But so they are saying for Frugality too. Then how do we decide?
We can understand better by understanding both the terms.
Frugality doesn’t focus on quality, it focuses on getting more for less. To come and think of it, frugality is quite opposite to minimalism principles.
Don’t get me wrong with the title. I am not someone who supports a spendthrift and casual attitude towards hard earned money.
I also want to say that spending on that expensive dress isn’t possible every now and then. And when that dress lands up in your wardrobe with minimum wear, then the money is actually not spent on minimalism, but on your desires of owning that piece. Therefore a minimalist approach is to think hard whether you really need it or not.
One of my favorite trick to know if I really need something is to ask these questions before paying –
Lately I haven’t bought anything that I haven’t valued. Therefore I learnt a great deal after becoming a wise spender.
Another fact that adds a great deal of value to this article (in my opinion 🙂 ) is to know that earning more money is better than saving. It is always better to live a life you desire with extra income. Saving constantly kills your means of having fun which isn’t the right approach of living life. We are not just earning to save, we are earning to live a better and balanced lifestyle.
Understand your skills first. I say that because many people fail to understand that better. Know your strengths and ask yourself how you can put them to good use so that your client actually gains from your services.
If you are still confused, then read my blog on “Five side hustles that actually pays”. I would love it if you give it a read and share your insights.
Rest I leave up to you. World is your pickle my friend.
Until next time.