Contest - How Frugal are Our Steemians?

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Steemians are not government embezzlers. What I am trying to insinuate is that money earned the hard way is very hard to be seen spending extravagantly. It takes more time for forex traders to get to the top, during this growth process even forex traders don't spend extravagantly, the big lifestyle is lived out when much is achieved. Frugality is an act of being careful with the way money is spent, it is an act of avoiding extravagance and waste, frugality takes different forms it could be learning skills that will in the long run have something beneficial to contribute to your family, business etc. Now let me clarify this. If I am an expert in sewing clothes, my children don't necessarily have to buy clothes or pay for little amendments, I will take the work above my shoulder and finish the task.

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Understand that the things we purchase with our money are necessary but the rate at which we purchase them is what makes it look as if we are extravagant. Food is essential but the money spent on buying food from an eatery is more than the money we spend on preparing. Preparing food by yourself will give room for remaining.

From my analysis frugality depends on one's pocket but for me, the majority of Steemians are frugal, budget-conscious and find ways of making good use of their money rather than being extravagance, most steemians are real entrepreneurs, some acquire skills like sewing etc

Being frugal doesn't mean giving up on the things that give us happiness and living a miserable life. Being frugal depends on the individual, some people spend too much on unnecessary things and they should make a serious adjustment to that. Some just need a small time to make good use of their resources since they might be seen spending on something necessary (instead of spending time buying food, they should decide to cook).

Basic ways one can be frugal.

• Budgeting is very important, even the federal government does this.
• When purchasing products, purchase ones that will last for a long to prevent extravagance
• Avoid miscellaneous, go for our needs instead of wants.

With these few tips, you will be frugal

On the positive part, frugality can help us have control over our finances, it helps us save money and help reduce stress, the stress of being in want.

On the negative part, frugality can influence our relationship with friends by making it impossible to socialize because of their spending habits

INTRODUCTORY POST