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Frugal Living: Top Five Reasons For Living Frugally

Updated on December 11, 2012
It's all about peace of mind for this boy
It's all about peace of mind for this boy | Source

RANDOM THOUGHTS ABOUT FRUGAL LIVING

Listen, I’m the first to admit that frugal living is not for everyone. I have friends who would rather have their fingernails plucked out with pliers than live frugally, and that’s fine with me. As long as they give me a call when they are taking stuff to the dump, I’m fine with their lifestyle choice. Boy oh boy, do they ever have great garbage! In fact, since I have first dibs on anything they toss out, I’m extremely happy that they are not frugal.

So, frugal living is not for everyone. We can all agree with that, right? I don’t see Donald Trump reading this article, and I have my doubts if Bill Gates will be dropping by my modest abode looking for tips on simple living.

But what about those of you who are thinking about it, but you are not quite certain that the frugal way is your way? I want you to know that I have been thinking about you, and I’ve got your back! I was raised in the frugal way of life, and now that I am a rational, or at least semi-rational, adult, I have adopted frugality for myself. A conscious choice! Remarkably, I am married to a woman who also believes in it, so we have quite the little frugal kingdom going on here in Olympia, Washington.

Having said all that, I am going to give you five solid reasons for adopting a frugal lifestyle. Of course, there are many more, but these five should be enough to get the conversation rolling and at least help you in your decision-making process. If you are all set then we can begin.

SAVING MONEY TO MEET FINANCIAL GOALS

What are your financial goals? Maybe you plan on an early-retirement, or you plan on owning homes and being a landlord. Maybe you need to put two kids through college or you want to start your own business. Whatever your goals may be, living simply and frugally will help get you there faster.

Look at it this way: every single penny you save by adopting frugality is a penny that will go toward your financial goal. Am I making sense or am I making sense? That’s what I thought!

DEALING WITH LOW INCOME OR FROZEN WAGES

Gee, in today’s world? Low incomes? Frozen wages? Heaven forbid, is that possible?

Yes, I was being sarcastic! Seriously, the economy today sucks for the lower 80% of wage earners. Now, if you believe in the government, then you can rest assured that things will get better soon and there is no need to panic. If, however, you have the ability to produce rational thought, you will realize that things may not get better in our lifetime.

In case you haven’t noticed, labor unions are disappearing, and as they disappear, so goes collective bargaining. How about a real-life example that illustrates what I am talking about? If former corporate employees with college degrees are applying for jobs at McDonald’s, what chance is there that McDonald’s will be raising their wages soon? They don’t need to raise anything because everybody and their mother are looking for a job. The Law of Supply and Demand applies to the labor force as well as it does to products.

So, if you have a low income and/or frozen wages, learning to live frugally just might be for you.

LIVING THROUGH THE LOSS OF A JOB

This is a very real situation in today’s world and I will not make light of it. Since 2007 the United States has seen a massive downward shift in the economy, and that shift has resulted in millions of people losing their jobs. This writer personally knows several people who have been out of work for years….not months but years.

So, no job, mounting bills, what do you do? The answer is the same one that many of my relatives had to face during the Great Depression. You do whatever you have to do to survive! I have said this before and I’ll say it over and over again: I do not believe the economy is magically going to improve for the vast majority of Americans. I think the playing field is so tilted that it appears to be almost vertical rather than horizontal.

The only solution, then, is to learn to live within your means and in fact learn to live beneath your means. For many of us, there is no safety net. There is no soft landing if the rug is pulled out from under us, as in the loss of a job, or skyrocketing food or gas prices. We have to find a way to make it and for us, the answer is to turn to frugal living.

REDUCE YOUR DEBT

So, how is that credit card debt treating you? If you are like many, times are tough, and the best you can do each month is pay the minimum payment on your credit cards, which basically means you are falling further behind each month. Maybe you have college loans that need to be paid, or you want to pay off your mortgage as soon as possible.

Whatever the case may be, there is no healthier financial move that you can make than to reduce your debt and become solvent. Living a frugal lifestyle will give you more money at the end of each month to help pay off that debt.

Pull the car over now!
Pull the car over now! | Source

PEACE OF MIND

Now we have come to the reason why this writer has chosen to live frugally. For me, the madness of the rat race was no longer acceptable. I was tired of working fifty hour weeks and falling further behind. I was tired of coming home dead tired each night and having nothing to show for it. I was tired of the stress and the unhappiness that I associated with my lifestyle, and I was never going to keep up with the Jones family, whoever the hell they are.

So I pulled the plug on the whole insane lifestyle. I quit my job, became a writer, sold off everything, paid off everything, and dropped out of the craziness.

Today my wife and I live beneath our means and we want for nothing. We both have peace of mind and we both are enjoying life as never before. The happiness I have received more than makes up for the possessions I do not own. End of story!

Sit and chat with me awhile

DO YOU NEED MORE REASONS?

Seriously, you do? I can’t imagine why because quite frankly, I have about covered it all. For about 80% of the people who will read this article, one or more of the aforementioned reasons will apply to them.

Again, if you like living the way you are living, then for God’s sake keep doing it. Living frugally is just not for everyone. I get it! What I don’t understand is being miserable in your current lifestyle and not doing something about it. Life is just too short to live that way.

If this sounds good to you, and you want to chat more about it, you can always tune into my blog about the Simple Lifestyle. You can find it here!

I wish you peace of mind. I wish you happiness. I wish you, more than anything else, love!

2012 William D. Holland (aka billybuc)

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    • stephhicks68 profile image

      Stephanie Hicks 4 years ago from Bend, Oregon

      For me, living frugal simply means less "stuff" to deal with. As Americans, we are constantly bombarded with temptations to part with our money. Geesh, its a struggle for me to even go grab milk at the store without coming out with a few additional items I probably didn't need.

      With less stuff, we can focus on the important things in life, which actually are not "things." Our health, our relationships, our passions (art, writing, photography, hiking, walking our dogs, etc.)

      Excellent, as always, Bill! All the best to you up there in Olympia! :)

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Steph, you obviously understand the philosophy being frugal living. I don't need to add anything at all. Thank you my friend and I'm wishing you a great day in Bend.

    • midget38 profile image

      Michelle Liew 4 years ago from Singapore

      I agree. It is so easy to live with out our means and suffer for it as a result. This principle of living simple is certainly a good one. Thanks for sharing it, and reminding us of a few things. I share too.

    • profile image

      kelleyward 4 years ago

      I admit I'm not a huge fan of garage sales etc. but with the current economy it doesn't hurt anyone to live with less. Thanks for the inspiration! Voted up! Kelley

    • tillsontitan profile image

      Mary Craig 4 years ago from New York

      I was rudely introduced to the simple life when I was'forced' to retire before I had planned to. Not that much of a big deal except for the fact that it greatly reduced the pension I was planning on...a huge cut and not just for one year but the rest of my life! So, like many others I was forced to re-evaluate and as you have so wisely stated, "living a simple life will give you more money at the end of the month" instead of more month at the end of my money...there is nothing more to add to that!

      Voted up, useful, and interesting. (P.S. your blog link is not visible.)

    • tipstoretireearly profile image

      tipstoretireearly 4 years ago from New York

      Peace of mind is the most powerful reason to live frugally. Its amazing how much time you free up once you stop thinking in terms of new stuff. By living frugally, you start to think about your experiences instead. This hub should be required reading for the millions of people who work too hard just so they can buy the next iPhone or whatever else.

    • carol7777 profile image

      carol stanley 4 years ago from Arizona

      The reasons are great and today people better have extra money for survival regardless of age or station in life. My son told me a few years ago he had a window of two years. Thoughtful preparation. I like the idea of more money at the end of the month. And frugal for everyone is different...And I think it sounds like a fun challenge besides being good.

    • Janine Huldie profile image

      Janine Huldie 4 years ago from New York, New York

      Bill, your articles always do give me more food for thought and am proud to say even though I may not be able to do the whole frugal lifestyle as you know with my two mall kids (we do try our best though), we have no credit card debt. Kevin had some before we got married and took out a loan and paid it. Today, the only real debt we have are our student loans for educations that promised bright futures to us. Well, see how well that went for me, who can't get a teaching job. I agree about the economy and where it is going in the future, too. Truly great read as always and have voted up and shared all over!!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Michelle, it's always a pleasure. Thank you for stopping by and for sharing; have a great day.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Kelley, I hope I'm wrong about the future, but I don't think I am. There will be a great number of people adopting this lifestyle in the next few years. I'm glad I'm ahead in my planning. :) Thank you my friend!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Mary, that is a great example of what is happening in today's economy. Your story, and millions like it, all point out to the wisdom of living frugally. Thank you for sharing that; what happened to you could happen to millions tomorrow.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Tips, that is a great comment...by living frugally, you start to think about your experiences. I love that line. :) Thank you Sir!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Carol, I totally agree, frugal is different for everyone. Thank you for taking the time from sunny CA to visit once again. You are appreciated.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Janine, frugal is different for everyone. It's important to at least start thinking about it, because the future is not looking too prosperous. As for teaching....have you applied at private schools? I taught in Catholic schools most of my career, and no, you don't have to be Catholic.

      Thank you my friend!

    • rcrumple profile image

      Rich 4 years ago from Kentucky

      Bill, If people don't see the need to live frugal then so be it! Let them learn the hard way when their jobs are sent to China and they have to live on unemployment. I've found myself wondering, at times, why do I need to eat out? I was going to stop at Subway and get their $5 special the other day, and it suddenly hit me, "I have bread and lunch meat at home. Why pay for theirs?" Convenience? When we look at stopping our car, walking inside, standing in line, choosing as we would from our refrigerator, paying money, and walking back to the car more convenient than driving home and fixing a sandwich ourselves, we're proving we've been brainwashed! Perhaps the only reason to stop would be to listen to the cell phone conversation in front of you in line for some free entertainment! "Your doctor says you've caught what!?!?" Great job, my friend!

    • shiningirisheyes profile image

      Shining Irish Eyes 4 years ago from Upstate, New York

      You get right to the important point and I do hope many reading this take it to heart. My debt-free lifestyle and habits came in handy when I became part of the vast majority of unemployed. Although I am making it by working part time jobs as well as many side duties bringing in a money source, it is my life long smart habits that saved me. I had no debt to bury me.

      You are so right - this is the wave of the future and people better pay attention. If it could happen to me, it can happen to anyone. When it does, being prepared is half the battle to survival.

      That which does not kill us makes us stronger.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Beckie, you are a shining example of the way to live and to prepare for the worst. You and Amy came to mind when I wrote this hub; preparing for the worst is the best defense against this economy. Although I know times are tough for you, I also know you are a person who can make it through anything....let's face it, you were raised right!

      Thank you my dear; may happiness find you today and always,

      bill

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Rich, I can always count on your for a laugh and a sobering look at reality. I find myself doing that too; I'll start to pull the car into a fast food place and then wonder what the hell I'm thinking....brainwashed is exactly right.

      Thanks for keeping it real my friend; have a great day.

      bill

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      Randi Benlulu 4 years ago from Mesa, AZ

      Bill....you have done it again...written another great hub. I love the mix of funny, sarcastic and serious! This hub speaks to me. I think I can match all five reasons to a t. On the other hand, if any of those non frugal friends of yours are single........??? just sayin'! It's not that I don't enjoy this frugal lifestyle, I just wish it had been entirely by choice! Thank you, my friend, for a great and informative read!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Randi....LOL....I'll keep you in mind about my friends. :) Too funny! I understand the choice thing; believe me, there are times I wish I had other options, but then I step back and realize I've never had it so good. :)

      Thank you Randi; I'll let you know if any bachelors are on the hunt. :)

    • Eiddwen profile image

      Eiddwen 4 years ago from Wales

      Another great hub Billy. As you know material wealth means nothing to me which is why I can relate to each one of your great hubs. Here's to so many more to come my friend and have a great day to you and Bev.

      Eddy.

    • Ardie profile image

      Sondra 4 years ago from Neverland

      I'm on board! Where do I sign up and where do I learn how to live frugally? (Next hub perhaps?) I'm down to raising my family on just my income and whatever child support I end up with so frugality sounds right to me. Great Hub as usual :)

    • cclitgirl profile image

      Cynthia Sageleaf 4 years ago from Western NC

      BB - awesome words from an awesome dude! You and Bev are my heroes. :)

    • mpropp profile image

      Melissa Propp 4 years ago from Minnesota

      Very good reasons for living frugally! Its impossible to argue with any of your logic. Even if I'm not a doomsday prepper (a reality show that is aptly titled--which you are spared from watching due to your frugal lifestyle!), it just makes sense to pay off the bills and live beneath your means. You might be bringing in the money now, but you have no idea what the future will hold. And the peace of mind is truly worth the price of getting rid of the extra "things" that you don't need anyway.

    • ChristyWrites profile image

      Christy Birmingham 4 years ago from British Columbia, Canada

      Your words make more sense than people may realize! I love your line about wanting for nothing :) You and Bev have it all figured out. Thanks Bill. Vote up and interesting of course.

    • aviannovice profile image

      Deb Hirt 4 years ago from Stillwater, OK

      So well said, Billy. It really is true that the economy has tanked and may not improve for quite a while. We HAVE to get used to it. Eventually, most people will not be able to keep up with their expenses and will be forced to cut things from their lives.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Eddy, you are a blessing, and I am always happy when you stop by. Thank you dear friend, and I wish for you happiness today and always.

      billy

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Ardie, it sounds like you have no choice. :) I have written quite a few frugal hubs, and ones called Live Simple...take a look when you have some free time....although I was a single parent and I don't remember having free time. Take care my friend!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Cyndi, I doubt we could teach you much; you seem to have your act together quite nicely. :) Thank you lil' Sis!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      mpropp, two of my good Hub friends lost their job without a day's notice....one had lived frugally and planned for the future...the other has been out of work now for two years and is learning frugality on the fly. Yes, it just makes good sense to live this way. :) Thank you once again; you are a welcome regular here.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Christy, I'm not sure we have it all worked out, but we have more answers than questions right now. :) Thank you my BC neighbor!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Deb, you know it, and I know it....now we have to teach others before they find themselves in dire straits.

      Thank you Deb!

    • Bobski606 profile image

      Bobby 4 years ago from U.K

      I'm loving your articles Bill, and this is another great addition. My partner and I have been living frugally for the past year and we have accomplished so much it's almost unbelievable. So far I've paid off my student overdraft and next month will be the final payment on the credit card. I've paid off a good chunk on my student loan and put my partner through another 2 years of university as he gets his PhD. Did I mention that I work part time too and save at the end of the month? It's amazing how little money you need if you budget right and ignore adverts!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Bobski my new friend, there you are! :) It's good to meet you, and thank you for the follow and the great comment. I wish I was as frugal as you are when I was your age, but better late than never. It sounds like you have everything under control. I wish you well as your health improves, and I look forward to reading some of your works.

      bill

    • Michele Travis profile image

      Michele Travis 4 years ago from U.S.A. Ohio

      This is a wonderful hub. Especially now, Christmas is coming. This time of year a lot of people waste money. There are other ways to give gifts and not place yourself in so much debt. Being in debt is a very scary way to live.

      Voted up!

    • lrc7815 profile image

      Linda Crist 4 years ago from Central Virginia

      Late to the party again. :-)

      Bill, if they don't get it after this one, don't sweat it. Just keep writing for the rest of us who do get it and are following your example, the best we can. These five reasons should be enough for anyone who still has a television and an addiction to mainstream media. I best will claim to recycle but they only see recycling as turning some trash into reusable material. Light bulbs never light up that reususable could mean someone else and not just industry. Dumpster diving after the rich and famous have cleaned up is better than going to Wally World. lol Keep them coming my friend. I'm listening and learning.

    • MartieCoetser profile image

      Martie Coetser 4 years ago from South Africa

      Excellent hub, billybuc. Keeping a balance between luxury and scantness is a challenge. Call me an economist. I know how to stretch a dollar and how to create a home with only the essential plus creative additions. I am in full agreement with you.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Michele, it is a wonderful season but it does not mean we have to go into debt to prove our love of others. It is a scary way to live; I have lived it and I'm not going back to that way.

      Thank you!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Linda, our numbers are growing and that is encouraging. More and more will get on our bandwagon; of that I am sure, because this is going to be a necessity in the years to come. We will be leaders of a new way of living....no longer the voices in the wilderness.

      Thanks as always; you are so very reliable and loyal and I appreciate you greatly.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Martie, I like that....we are economists! Great description! Thank you my South African friend!

    • prairieprincess profile image

      Sharilee Swaity 4 years ago from Canada

      Bill, great article! I definitely don't need convincing but I love how you make your points with a touch of sarcasm and a great dose of common sense. It just makes me want to go out and slash up all my credit cards. Oh wait! I've already done that! Take care and have a wonderful evening, Bill.

    • grandmapearl profile image

      Connie Smith 4 years ago from Southern Tier New York State

      Billy, I think you're right about the future and the fact that living frugally will become the norm rather than the exception. I think also that it is inevitable. All of life is a cycle with its ups and downs. For a long time we've been riding on the upside, now its time for the downside and downsizing. Voted Up across the board. Always a brilliant read from you! Pearl

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Sharilee...sarcastic? Me? LOL and I tried so hard not to be. :) Thank you for your kind words. I love that you cut up your credit cards; now if we can get about 100 million more people to do it, we might be headed in the right direction.

      Thank you my friend and have a great day at school tomorrow.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Pearl, I am convinced that this economy will get worse. We are hanging by a thread right now, and I think the crash will happen in the next year or two. I sure hope I'm wrong, but at least I know my family is taken care of, and I'm encouraged by the comments. There seems to be more out there who understand that frugal is the only way to go.

      Thank you as always!

      bill

    • Rochelle Frank profile image

      Rochelle Frank 4 years ago from California Gold Country

      I think I have inherited frugality-- it runs in the family. I can't imagine running up credit card debt. At a certain time in your life it might be OK to have a mortgage. If you have a home or property, it should be owned outright by the time you are 60. I tend to be an optimist, butunfortunately, I think you are right about the economy getting worse.

    • teaches12345 profile image

      Dianna Mendez 4 years ago

      Another great piece of advice on frugal living, Bill. Reducing debt is one we are working on. Funny how when you do start to cut things out, you don't miss them. Tell me again, why did we need them?

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Dianna, that's what I think with regards to the tv....it's been six years now and I can't imagine why I thought I needed it for all those years before.

      Thank you my friend.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Rochelle, I sure hope I'm wrong about the economy, but I'd love to see more people guarding against the possibility that I am right. :)

      Thank you!

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      Patricia Scott 4 years ago from sunny Florida

      As I have told you before, I have claimed the title as queen of cheap however frugal puts a nicer sounding spin on it. I love finding all of those treasures along side the road in neighborhoods. Recycling is another one of my names. I know how to take something that has been discarded and breathe new life into it.

      Seriously though, Bill and Donald are missing out, aren't they?

      You have shared important secrets that many know but won't admit. And frugal living leads to less stress and more happiness.. Sending Angels your way again today...:) ps

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      PS, I love the sending of angels my way. Thank you for being who you are! As for the treasures along the roadway, I am blown away by some things that people throw away. More power to them and hooray for us!

      Thank you PS, and have a great Friday!

    • profile image

      Deb Welch 4 years ago

      I'm glad I found you and I am now following you. I am the little queen of fragality and living the simple life. I was a single mom - on our own - and never earned a great deal of money. I liked the video you made - did you talk off the cuff or did you write it first and then read it? Yep - the figure of $14,000 is about right - you really can't do much - but then again - how much more can you do? It expands your brain. Awesome,useful and interesting. Good stuff.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Hi Deb, and welcome to my site!

      Thanks for the kind word. Yes, I made the video and it is off the cuff. I was a teacher for eighteen years so it's not hard for me to wing it. :)

      Glad you are following and I look forward to seeing your site.

      bill

    • Mhatter99 profile image

      Martin Kloess 4 years ago from San Francisco

      Thank you for sharing this option with us.

    • phoenix2327 profile image

      Zulma Burgos-Dudgeon 4 years ago from United Kingdom

      Hi Billy.

      Love this. I think the ability to live frugally comes with maturity. It seems when you reach a certain age you come to the realization that you don't need everything the advertisers say you do to be happy. The only ones who are happy are the companies who make the stuff you probably didn't need until the told you that you needed it.

      These days I focus more on the things I need rather than the things I want. It does make life simpler. And I'm happier for it.

      Voted up, useful, awesome, interesting and shared.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Thank you Martin!

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Phoenix, it sound to me like you have it working for you my friend. Need vs want; that's the big battle right there.

      Thank you my UK friend.

    • always exploring profile image

      Ruby Jean Fuller 4 years ago from Southern Illinois

      I knew in time you would make a believer out of me and you have.LOL..Great article..Cheers.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Ruby, I consider that a major accomplishment on my part. LOL Thank you my friend; have a great weekend!

    • Genna East profile image

      Genna East 4 years ago from Massachusetts, USA

      Excellent hub, Billy! :-) We look at expense, and always ask, "Do we need this or do we want this? What may others need, instead?" It opens up new doors to not only spending, but how it defines who we are. Hugs.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Genna, I love that approach...what may others need? Beautiful my friend; thank you for that!

    • vespawoolf profile image

      vespawoolf 4 years ago from Peru, South America

      These are great reasons to live frugally, especially for the less stressful and happier lifestyle. One can spend more time with family and who matters most. Also, you won't accumulate so many possessions so that when you have to move, it won't be such a project. We're going to be moving in the next month or so, so that one is definitely on my mind! Thanks for another thought-provoking hub in the series.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Vespa, thank you and best of luck with that move. I know for this man, this is the only way to live.

      Wishing you peace and happiness, today and always!

      bill

    • Vellur profile image

      Nithya Venkat 4 years ago from Dubai

      Peace of mind is really important to do live happily. Lay offs are really scary, you do not know what is going to happen the next minute.Great points put across. Thank you for this valuable hub and all the hubs you have been sharing with us and helping us along our way. Voted up and shared.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Vellur, thank you very much! You touched on one of the reasons why I write....to help others. I am grateful that I was given a voice that others listen to. Have a wonderful weekend my friend from Dubai!

    • Glimmer Twin Fan profile image

      Glimmer Twin Fan 4 years ago

      Another useful hub here. While my husband did not lose his job, we had an outsourcing scare a few months back and realized we needed to cut back. Now we are staying that way because we know we can do it without "pain" and because it gives up some piece of mind.

    • billybuc profile image
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      Bill Holland 4 years ago from Olympia, WA

      Glimmer, exactly! What is the cost of peace of mind? I'm glad it was just a scare and not the real thing.

      Thank you my friend!

    • Rolly A Chabot profile image

      Rolly A Chabot 4 years ago from Alberta Canada

      Hi Billy... I love the frugal lifestyle. When I lived in the far north there was little that went to waste. We can all do the same if we look at what we throw away on a daily basis.

      What I have found interesting is the amount of recycling I take to the depot each week surpasses the garbage I throw out. Maybe some manufactures and companies who pack our goods should be levied a tax on all this. I know I have certainly been looking now at what I buy. Over packaged... well sorry I will keep looking or better yet do without.

      Hugs and well done

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      Shauna L Bowling 4 years ago from Central Florida

      Bill, living beneath your means will lessen the chances of falling into a hole of debt. Had I known this once upon a time ago, I would have conducted my spending differently. We cannot assume. Assuming makes an ass out of u an me! That should actually be posted as the definition in the dictionary.

      Assuming gets you in trouble. Assuming raises your debt and the more debt you incur, the lower your limits become and the higher the interest rates. And the cc companies want to know why they're having to write off their accouns receivable?????

      Our accounting system is geared towards corporations, however it's the common poor-ass-broke citizen that pays the consequences and is penalized for years to come.

      Take it from me, readers. Screw the invitations for credit. They will bite you in the ass out loud!

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      Bill Holland 4 years ago from Olympia, WA

      Sha, you speak for all of us. If I had known then what I know now.....sigh! That's a tough way to learn but most of us have fallen for the same b.s. over the years.

      I can tell you with all certainty that I ain't going back to the old ways.

      Thank you my friend and have a great weekend.

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      Shauna L Bowling 4 years ago from Central Florida

      Me neither, Bill. It seems every lesson I've learned it life, I've learned the hard way. But that's the only way I pay attention. I try to give advice to others, but just as I, no one wants to hear it. Hopefully the others who fall know where to find their bootstraps and what to do with them!

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      Bill Holland 4 years ago from Olympia, WA

      Sha, hopefully indeed! :)

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      Sondra 4 years ago from Neverland

      Bill, I have been looking at your frugal living Hubs - they're the best! And so timely :) I have a bit of a problem with spending...I do it too much haha so I have lots to learn. But I am more than ready to save. (Also loved the new question series)

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      Bill Holland 4 years ago from Olympia, WA

      Ardie, that spending thing is definitely a problem when it comes to frugal. LOL The first step is always to admit you have a problem. :) Thank you Ardie; your kind words mean a lot to me.

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      Rolly A Chabot 4 years ago from Alberta Canada

      Morning Billy... Great hub as always and love this entire series on Frugal Living. I learned a lesson very early in life about living beyond my means. Like most people I carry plastic but have a sound rule. If the money is not there, never use it.

      One thing I learned years ago about frugal living while in the wilderness came quickly, when you carry all you have on your back, well you keep the load down to the essentials. Life has changed considerably but when I find I have extra now, I simply pass it along. Keep it simple... well until it comes to the techie things then I get carried away... lol

      Love you Man

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      Bill Holland 4 years ago from Olympia, WA

      Rolly, good to see you my busy friend. I hope you are warm and safe as winter settles in. You are right, of course; keeping our load down to essentials is a mantra that will work each and every time. Thanks buddy; sending best wishes and love up north in your direction.

      bill

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      Megan Harvison 4 years ago from SW Florida

      I completly agree with all of your frugal living hubs. But, a lot of people do see frugal living as extreme. I would love to see you write a hub about getting your spouse on board with the lifestyle. My husband isn't a crazy spender but he isn't exactly on my frugal level. ; ) We actually have separate bank accounts because I have been obsessively paying off debt, lol

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      Bill Holland 4 years ago from Olympia, WA

      Learning, you are spoiling me today with all of your visits. Thank you! As for your husband.....good luck. LOL I don't know what I would say in a hub that would change that. Good move having separate bank accounts. :)

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      Megan Harvison 4 years ago from SW Florida

      Not spoiling, just glad I found your hubs. I've loved reading them so far.

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      Bill Holland 4 years ago from Olympia, WA

      I appreciate it, Learning! Thank you again!

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