Weekly Blog Round-Up: Frugality Doesn’t Equal Deprivation

being frugalMany people assume that living a frugal lifestyle means never letting yourself enjoy treats and luxuries. This is a view point that I’ve never personally subscribed to, so I was glad to come across this article on ‘Frugality Doesn’t Mean Depriving Yourself’ on Free From Broke. This post is keen to highlight the fact that being frugal doesn’t mean denying yourself just because you’re on a limited budget. We often focus so much on the little things in our budget, when it’s the big bills and expenses that are killing the budget. As long as you’re sensible, there’s no reason why you can’t enjoy little splurges now and again. In fact, it can be more damaging not to because there’s the definite danger that a self-imposed ban on absolutely anything that’s not deemed to be essential can make you miserable and potentially lead to a big spending spree further down the line if you can’t stick to it.

Here are some more great articles from the personal finance blogging community.

Turn Your Passion Into a Living. Do you dream of landing a dream job that is based around your main interests? This great article has plenty of advice for making this less of a dream and more of a reality. [Wisebread]

Too Much of a Good Thing? Taking advantage of bargain buys looks good for your budget on paper, but not if you’re buying things you don’t really want or need. Here’s how to avoid the trap of picking things up just because they’re cheap. [The Dollar Stretcher]

5 Ways to Ask Your Boss for a Raise. If things are going great at work and you feel that it’s time to ask for a raise, read this article for some tips on how to prepare.  [Money Ning]

Don’t Take a Vacation From Your Budget. Going on vacation doesn’t mean ditching your budget. Here’s how to ensure that your vacation doesn’t throw you off financially. [Five Cent Nickel]

Downsizing: Quit Dreaming and Start Planning. Thinking of making the jump into self-employment but not sure how to prepare for what would be a massive lifestyle change? Check out this post for some great advice on the subject. [Frugal Dad]

Smart Ways to Spend Your Tax Return. Are you looking to invest your tax refund somewhere but aren’t sure which options are the most sensible? See this post for help. [Money Smart Life]

Job Loss – Save Money or Get Out of Debt? If you’ve received notice that a job loss is looming on the horizon, is it better to spend your time tackling your debts or start building up an emergency fund to fall back on until a new job arises? This post offers advice on how to prepare for being laid off. [Debt Free Adventure]

Four Atypical Things to Do Before You Consider Buying a House. If you’re thinking about buying a house, this post offers advice that you won’t necessarily find on other money blogs. [The Simple Dollar]

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(photo credit: annia316)

  • http://www.howtomanagemoneytips.com Brandon Schmid

    I think this is a great point.

    I used to be a financial consultant and I found that most people thought that in order to make a budget balance you had to do basically nothing lol.

    People tend to associate massive pain with having to stay on budget so they just simply don’t do it. If they could see that you can still have a life while making your books balance I think more people would stand a better chance of success.



  • http://freefrombroke.com Craig/FFB

    Thanks foe the mention! It was an excellent guest article from Saving Money Today.

    We really have to figure out what is important to us and allocate our budgets appropriately. Spending on what’s truly meaningful to us is ok (so long as we can afford it).

  • http://www.thegoldandoilguy.com/ Christina

    I believe that being frugal doesn’t necessarily mean depriving yourself but there are blogs I read that actually sounds like it it. I read blogs a lot, most are good ones (like yours) but there are those that I don’t really agree like cutting down cost on the food you eat. Perhaps everybody has it’s own point of view but definitely I won’t cut down the cost of what I feed my family maybe I can switch given a good quality, nutritional health etc. but to actually cut down food expense…I don’t bite, that would mean depriving myself of the food I love eating…good that I’m not a coffee lover. I don’t know what it is with starbucks that people spend too much money on them, yes the coffee is good but I can actually create my own latte…anyway…I love your post.

  • http://MoneySmartLife.com Ben @ Money Smart Life

    I agree, being sustainably frugal means smartly balancing between your needs and wants. An extreme approach to saving money is hard to maintain over the long haul and you can miss out on some of life’s little joys along the way.

    Thanks for mentioning my article on investing your tax refund!