The Philosophy of Frugality

It is a well known fact that spending beyond one’s means will only lead to financial trouble. So, why are many people in such financial dire straits?

I think the keyword is “entitlement”.

And we have to look at the social norms of rampant consumerism in a society that focuses on “ME” a little bit too much. More than likely this is a result of mass media marketing and advertising (i.e. brainwashing) that makes everyone feel “entitled” to spend for themselves.

In America, we live in a society which emphasizes privilege and entitlement, that we are expected certain things. And I feel that it’s rampant consumerism that has brainwashed many of us into thinking that we are “entitled” to the best things in life. The best foods. The best gadgets. The best houses, etc… even if it reaches a point where we spend more than we earn, acquire credit cards to spend money we don’t yet have, and letting this scenario lead us into financial hardships.

Simple Frugal Living

It’s important to realize, especially in a time of economic uncertainty, that we live well within our means.

In all its simplicity, we need to learn to get by on less, and if we don’t have the money to live a lavish lifestyle, we really shouldn’t overspend and hurt ourselves financially.

We need to save as much money as possible and invest so that our money will work for us as passive income.

We also need to address whatever spending issues we have, and find solutions that will help us to live a happier lifestyle free of financial difficulties.

How To Live A Frugal Lifestyle

Create a simple budget that lists expenses and income. You will know immediately if you spend more than you earn.

Keep expenses at a minimum. Identify expenses that are essential and those that can be eliminated if possible.

Identify problem spending. Take a good hard look at spending habits that are eating away at your monthly income… gambling, dining out too much, a big monthly grocery bill, etc.

Focus on savings and investing. If you haven’t been saving, begin now. If you have, get into the habit of saving at least 10-30% of your net income each month. Build enough for strong and safe investments. If Warren Buffett can invest and earn even during a troubled economy, so can we on a smaller scale. Do the research first before you invest.

Think before you spend. Always question each potential purchase. Always shop for the best deals. Use coupons. Go to special sales. Do whatever it takes to spend less on quality items.



Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and

Leave a Reply