“Being frugal? Isn’t that just being cheap?”
I’ve heard this quite a bit between those in passing and those online. And while some who are cheap could be considered frugal, the reverse does not always apply. Being frugal is making wise and intentional financial decisions. It is about being conscious of your spending and -hopefully- financially responsible (something I may have had trouble with in the past).
While I’m not as conservative as I hope to one day be, I believe that I am progressing enough to state that I am “becoming frugal”. It seems that it is a mindset that is obtained through practice and perseverance. These traits seem to be commonly occurring in my future goals.
“Well, what are your future goals..?”
The reason I, as well as most frugal others as far as I have observed are becoming frugal, is to either cut down on our current work load to spend time with our families or to better live within our means now, and transfer that skill into our future. Making retirement, or even early retirement, a foreseeable goal. For most, the goal seems to be somewhere in the middle.
In the end, I would like to achieve financial independence for life. Eventually ending up in a modest house, with a self-sustaining farm, on a (paid for) couple acres. Hoping that my frugality will allow for me to create a savings large enough to live off from for the remainder of my life (and maybe a little to leave for my children).
So, do you plan on becoming frugal? Are you already living frugally with plenty of tips and tricks to share? Or are you against becoming frugal and prefer to spend it all with no promise of tomorrow?