While there are still savings and government aid to help ease the financial burden of living costs, we often feel it’s not enough and many of us end up borrowing money from financial institutions hoping this loan can be quickly paid off when we go back to ‘normal’. If it’s possible, don’t borrow at all and adjust the living expenses to whatever available income at the moment.
Tag: Frugal Principle
The Difference Between Frugality and Minimalism – Which One Is Better?
While many websites suggest that being frugal means being cheap and thrifty, I’ve mentioned in my About page that there is a difference between being cheapskate, thrifty and frugal as summarised below:
Why Should We Live Frugally?
During the Great Depression and World War II, a frugal lifestyle was merely a means to survive, a necessity. But these days it’s a choice
Five Important Questions Before Making Any Purchase
You think about it night and day because you really really want it but buying it means you’ll have to sacrifice other needs temporarily as your money is not unlimited. Here are five important questions you should ask (and answer) yourself before making the purchase.
How to Tell the Difference Between YOUR Wants and Needs
It is sometimes tricky to tell the difference between wants and needs and this can differ between individuals. But generally speaking, there are two levels