A year ago I was laid off. One day I was employed and the next day I was home in my house pants dreaming of cafeterias and cardkeys.
It was a humbling (and scary) experience.
However, getting laid off helped me tighten down my spending hatches. Not spending money became a game. How many days can I go without spending one thin dime (stop shopping, it’s easier than you think)?
A year later I’m working again, spending dimes and saving quarters. Recently, I spent a pile of quarters on an investment. An investment that I hope will generate passive income – a rental house. Nothing fancy, but once the house is paid off, the rent will be a nice source of income.
How did I buy this? My paychecks are not huge, but I’ve minimized my spending and maximized my savings. My savings started as an emergency fund and grew into a rental house.
I truly believe that frugality helps you get what you want and keep what you’ve got.
How about you? Why are you frugal?