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Category: frugality

Frugality Follow-up

To add to the conversation my previous post started I want to write more about being frugal this week.

This story from the NZ Herald supports my assertion that most people struggle to reign in their spending habits and make smarter, informed, conservative decisions when it comes to spending. We’ve all seen price-match offers in various stores throughout the country. They always read ‘if you can find a better price elsewhere, we’ll match it!’ It’s becoming apparent that this isn’t as a good a deal as it sounds. According to the article, only 5% of people bother to even seek out alternative prices at other stores. It seems that these sorts of offers are merely serving to simply drum up some consumer confidence.

Happy 3d person - puppet, making shopping

It seems that being frugal and engaging in smart-spending is as tough as ever but another thing I wanted to talk about was a short-term but incredibly helpful solution to the problems of balancing budgets. Ferratum is a company who offer ‘confidential, fast, easy loans.’ And they really stick to their slogan. From time to time we’ll all fail to take care of a finances by giving in to the temptation of spontaneous splurge spending so it’s great to see that there’s a short term solution. As always with these kinds of services they must be used infrequently and with caution, but Ferratum is reliable and, speaking from experience, can be a real (short term) life saver.

The foreboding of frugality

As the disposable income families can enjoy each year seems to be forever dwindling, I enjoyed finally seeing some writing about the benefits of frugal living.

Frugality is the ability to really analyse and consider what you do and don’t need to spend money on. And NEED is the key word here. So many people will say things like ‘I can’t live without my Starbucks coffee every morning’ or ‘I need my subscription to Netflix or what would I do in the evenings?’ It’s the kind of thing we hear (and probably say ourselves) on a daily basis. But what’s the truth at the heart of it?

im-too-rich

Of course, when you look closely, foregoing that overpriced latte in the mornings is not going to kill us. And if we can’t binge-watch back to back episodes of Game of Thrones, we’d surely find some other way to enjoy our time. So why is frugality such an elusive reality for many people? This interview with Frances Ronowicz holds some great insights and good (yet admittedly tough) lessons for all people looking to tighten their belts and reign in there expenses. With nearly half the world’s population surviving on less than 2$ per day we really are living in prosperity and abundance – now if only we can figure out a way to cut back all the excess.