<

The Case for Frugality

by Shawanda Greene

Post image for The Case for Frugality

I’ve been told by a few people to stop being cheap. It’s interesting that every person who has told me that has a lower net worth than me. They don’t seem to understand the purpose of being frugal. I think they believe I enjoy self deprivation and sacrifice. There are probably a few of you out there who get a rush from participating in activities that bring you within an inch of insanity or death, but I don’t particularly care for such things.

I’m not independently wealthy. At least, not yet. Although there are certain material possessions I quite enjoy, my primary purpose for wealth accumulation has very little to do with stuff accumulation. For me, being frugal is a means to the ultimate goal: FREEDOM.

You see. When you don’t have the resources, i.e., money, to buy the things that are necessary for your survival, you’re at the mercy of your provider. Whether that provider be an employer, a spouse, a parent, or, for those of you who are self-employed, a customer, you’re a slave.

Nothing makes me more uncomfortable than feeling out of control. I’ll tolerate authority, but I don’t like it. I’ve decided I’ll conform just enough to function and progress in society. If you’re even a little like me then you’ve thought about the possibility of losing your passion for your current profession. If you didn’t have any money, would you be relegated to a job that the mere thought of caused you to seize up in terror?

You may already have a boss whose face makes you ill. Would you look at that mug everyday if you were financially independent?

What about your spouse? Would the loss of their income render you insolvent? I’m not suggesting that you don’t have an income of your own. You might bring in more bread than your significant other, but the question remains: Do you depend on their spoils?

Regardless of how well you get along with any of your providers, unforeseen circumstances could lead to the deterioration and dissolution of your current arrangement.

Death, disability, bankruptcy, incarceration, and ANY other untold number of things could leave you wondering how you’re going to take care of yourself.

Okay that’s pretty grim, but allow me to share what drives me to be frugal. It’s the uncertainty. It’s the feeling that ultimately, with the exception of God, all my hope rests in me. I look forward to the day that I won’t have to work. Not that I’ll ever stop working, I just don’t want to be required to work in order to sustain myself. I want the freedom to tell, at a moment’s notice, any previous provider that I’m done…

A couple of years ago, I got a taste of what freedom feels like. At the time, I had $7,500 saved up. Although I worked for a wonderful company, I suffered from stress-induced, work-related chest pains. Basically, I hated my job. On the fateful evening of Wednesday, November 27, 2006, an inconsiderate and arrogant manager I worked with decided to chastise me in front of a fellow team member. Being that I was a colleague and not his wife or kid, I was especially infuriated by this behavior. Friday, November, 29, 2006  rolled around, and I politely and professionally put in my two weeks resignation notice without so much as a single job prospect.

Now, $7,500 may seem trivial, but it was enough to get me through about three months of unemployment. Fortunately, my job search only lasted two weeks. Although I admit my skills were in pretty high demand at the time, the stench of desperation is still the saboteur of the most qualified of candidates.

As was the case a couple years ago, I find the quickest and simplest way to save money is to decrease your expenses. Primarily because dramatically increasing your income in the short run, generally, isn’t practical. As a salaried employee, overtime is a waste of time if you’re looking to increase your net cash flow immediately. You might get a bonus of some unknown amount if you work longer, harder, and faster for your employer.

Even if you’re an hourly employee, overtime may not be an option provided by your employer.

If you decide that a second job is the way to go, I’d encourage you to crunch the numbers before jumping in. Where I live, middle income workers could end up forking over 40% of those additional earnings in taxes, e.g, state, federal, Social Security, Medicare, so it may not be worth the effort to take a part-time job making much less than what you earn as a full-timer.

If you live a frugal life, you’ll have more time and money to follow your passion or focus on more lucrative business opportunities. If you have a business idea that requires a modest amount of start up capital, you can use your own savings to finance your vision. You won’t have to fool with investors or lending institutions who’ll, rightfully, want a return on their investment. Again, you’ll be free to run your business as you desire without outside input from those who have a vested interest in your success.

Frugality means adhering to a simpler, greener way of living. You’ll have to give some things up. Although it may be painful in the beginning, consider what you’ll eventually obtain: FREEDOM.

This article was featured in the Carnival of Pecuniary Delights: Sweet 16 Edition! Check out the other articles at Wise Bread.

Like what you read?
If so, enter your name and email in the form below to receive exclusive, weekly wealth building tips, and get a FREE COPY of my eBook, Curb Your Consumerism: 75 Secret Strategies to Waste Less, Live Well, and Save More Money.
Subscribe
Free copy of Curb Your Consumerism: 75 Secret Strategies to Waste Less, Live Well, and Save More Money
Exclusive wealth building tips delivered directly to your inbox
We will NEVER send you spam
Enter your name and email below to get INSTANT ACCESS to my free eBook and weekly newsletter!

{ 74 comments… read them below or add one }

http://www.wrestlemania32resultsi.com March 27, 2016 at 4:33 AM

Epic information great to see this beautiful peace of content here just have a
look at this
Wrestlemania 32 results

thanks for sharing this one….
http://www.wrestlemania32resultsi.com recently posted..http://www.wrestlemania32resultsi.comMy Profile

Reply

kitchen March 29, 2016 at 7:02 PM

A motivating discussion is definitely worth comment. I do think
that you ought to write more about this subject, it might not be a
taboo matter but typically people don’t discuss these
topics. To the next! Best wishes!!
kitchen recently posted..kitchenMy Profile

Reply

Dumpster Rental Amite March 30, 2016 at 11:59 PM

One of the primary forces behind the environmental disaster is the
extent of carbon dioxide increase in the environment.
Dumpster Rental Amite recently posted..Dumpster Rental AmiteMy Profile

Reply

antabus disulfiram April 2, 2016 at 4:48 AM

I have read so many content regarding the blogger lovers except this article is in fact a pleasant post,
keep it up.
antabus disulfiram recently posted..antabus disulfiramMy Profile

Reply

Minecraft Pocket Edition} April 3, 2016 at 10:55 AM

I am no longer sure where you are getting
your information, but great topic. I must spend some time finding
out more or working out more. Thanks for magnificent information I was in search of this info for my mission.
Minecraft Pocket Edition} recently posted..Minecraft Pocket Edition}My Profile

Reply

Seattle Furniture Delivery April 17, 2016 at 7:05 AM

Hi to every , since I am actually keen of reading this web site’s post
to be updated daily. It includes pleasant information.
Seattle Furniture Delivery recently posted..Seattle Furniture DeliveryMy Profile

Reply

BC moose hunts April 25, 2016 at 1:13 AM

Moose is found in sagebrush, high in the foothills above timberline, as well
in aspen and beaver pond -type habitats.
BC moose hunts recently posted..BC moose huntsMy Profile

Reply

boiler operation April 25, 2016 at 9:27 PM

I just like the helpful info you supply in your articles. I’ll bookmark your blog and test once more here regularly.
I’m relatively sure I’ll learn plenty of new stuff proper here!
Good luck for the next!
boiler operation recently posted..boiler operationMy Profile

Reply

Anabolic Steroids April 27, 2016 at 1:33 PM

Good response in return of this query with solid arguments and describing
everything on the topic of that.
Anabolic Steroids recently posted..Anabolic SteroidsMy Profile

Reply

x-men apocalypse quicksilver scene May 6, 2016 at 6:45 AM

Unless you enjoy murdering people in their sleep, this perk has no lasting value, no meaningful stat boost,
and no relevance to the main quests. Watch Captain America Civil War Online Another highlight
is the chorality of the film, which is a nice
way of saying there are too many characters to take into account -in cinema- if you’re not a big fan of the saga.
The latest, and best, trailer for the film provides glimpses
of what the future of the franchise could look like.
x-men apocalypse quicksilver scene recently posted..x-men apocalypse quicksilver sceneMy Profile

Reply

belajar cara hack poker online indonesia May 9, 2016 at 4:44 AM

Hi there I am so delighted I found your weblog, I really found you by
accident, while I was researching on Aol for something else, Anyways I am here now and would
just like to say thanks for a tremendous post and a all round thrilling blog (I also love the theme/design), I don’t have time to browse it all at the minute but I have bookmarked it and also included your RSS feeds, so when I have time I will be back to
read a great deal more, Please do keep up the fantastic job.
belajar cara hack poker online indonesia recently posted..belajar cara hack poker online indonesiaMy Profile

Reply

ohs.vanderbilt.edu May 12, 2016 at 1:11 AM

The wish to put on 6 or eight packs and awareness about obesity has prompted people
to make lifestyle modifications. The settings allow you change the size of the
display, font, and also the location on the screen. Eyeliss and Halyoxl and Homeo Age are the main ingredients
in the under eye wrinkle cream I now use.
ohs.vanderbilt.edu recently posted..ohs.vanderbilt.eduMy Profile

Reply

donald duck chip and dale cartoon June 4, 2016 at 5:46 PM

You Can Never Have Riches In Great Quantity Unless You Can Work Yourself Into A “White Heat” Of Desire
For Money And Actually Believe You Will Possess It. Apart from this, the entertainment prowess of Disney was further exhibited with
the establishments of Disneyland and Disney World in different locations all over
the world. Whether you’re in business or employed, now is the time to reflect.
donald duck chip and dale cartoon recently posted..donald duck chip and dale cartoonMy Profile

Reply

bơm tay thủy lực June 4, 2016 at 10:41 PM

Have you ever considered writing an ebook or guest authoring
on other sites? I have a blog based on the same ideas you discuss and would love to have you share some stories/information. I know my audience would value
your work. If you are even remotely interested, feel free to send me an e-mail.
bơm tay thủy lực recently posted..bơm tay thủy lựcMy Profile

Reply

http://Www.paranormalphenomena.Co.uk/ June 12, 2016 at 6:27 PM

If you want to get a good deal from this article then you have to apply such methods to your won blog.
http://Www.paranormalphenomena.Co.uk/ recently posted..http://Www.paranormalphenomena.Co.uk/My Profile

Reply

visit August 6, 2016 at 7:09 AM

I don’t deny this reality, but I draw your attention to the equation that you’re thinking doesn’t add
up. ) Most of us have an entire lifetime of negative beliefs, thoughts and attitudes that we carry around with us
like useless baggage that we’ve simply gotten used to and don’t even notice
anymore. Not all girls are the same, and if you treat them all
the same, then you can end up not showing her that you love her.
visit recently posted..visitMy Profile

Reply

Yasmin August 13, 2016 at 1:19 PM

Awesome issues here. I am very happy to look your post.
Thanks a lot and I am taking a look forward to touch
you. Will you kindly drop me a mail?
Yasmin recently posted..YasminMy Profile

Reply

Malcolm August 19, 2016 at 4:02 PM

To recycle other items, or for recycling outside of the Belton area, the Recycle Spot offers
helpful data.
Malcolm recently posted..MalcolmMy Profile

Reply

Eric August 22, 2016 at 8:16 AM

Imagine there was no authority to oversee waste management activities from all the sources talked
about earlier.
Eric recently posted..EricMy Profile

Reply

www.paydayloansrm.com September 2, 2016 at 7:29 AM

Ꮋelⅼo, of cߋurse this post is truly nice and ӏ have learned lot of
things frfom іt cоncerning blogging. tɦanks.
http://www.paydayloansrm.com recently posted..http://www.paydayloansrm.comMy Profile

Reply

Porta Johns For Rent Shandon September 14, 2016 at 12:38 AM

Replacement Toilet Bags (For merchandise #15130) – 12 Bags per
Pack.
Porta Johns For Rent Shandon recently posted..Porta Johns For Rent ShandonMy Profile

Reply

Leave a Comment

CommentLuv badge

{ 6 trackbacks }

Previous post:

Next post:

Page 1 of 11