Sunday, May 5, 2013

Frugality Is The New Trend In Managing Money

My mom taught me about frugality. She introduced this to me in her own simplest ways.

She told me that we have everything we need at home. No need to go grocery shopping more than twice a week. All meals are planned as we follow a certain meal calendar, that way we can eat balanced meals and avoid unhealthy cravings.

When our neighbor's kids have new stuff, she always tell us that we can also have those if we are willing to work hard for it. She instilled the value of being contented with what we have. I even lived on a strict budget when I was in college.

Now that I am married, I remember everything that my mom told me and it really helps as we prepare to have our own family soon. Frugality is the new (maybe old, but it is definitely coming back nowadays) trend in managing money.

If we want to live a secure life and have some savings to hold on in the future, then we have to start now. We have to learn and find new ways to track our expenses, save money and invest those that we have in excess. Are you up to the challenge?