Saving money and paying off debt are some important things you think about on a daily, but most of you find it difficult to achieve or lack the desire to do so. To live frugally and save money does require you to sacrifice some things, such as your social time and your buying impulsions. Of course, this does not mean you should become a hermit or exclude yourself from having fun with your friends and family. In addition to your fear of missing out on worldly activities, being labeled a cheapskate can be damaging to your social networking efforts. As a millennial, you have to figure out how to have a fun-filled life while, at the same time, safeguarding your financial wellness.
Category: Financial Lifestyle
No one wants to retire later than sixty-five, at the most, and many try to beat that by five, ten, or even fifteen years. As pleasant as that might sound, retirement at any of those ages is far too late in life for individuals living in the Financial Independence Retire Early movement. Imagine for a minute that you’re retiring in your twenties or early thirties? Well, if you join the FIRE movement, you may just make that dream a reality.
We all have reasons for wanting to achieve financial independence. It can be as simple as wanting a new phone or going away on a weekender with friends without worrying about money. It can also be for a more ideal reason, such as paying off long-term goals, a car, student loans or a first home. Knowing your goal is great, but the hard part is knowing what to do after you’ve come up with these reasons. So, how do we stay vigilant to achieve the success we all dream about? Here are a few ideas that can be helpful in accomplishing the financial security we all aim for.
What is the meaning of frugal living? Simply put, it’s about limiting one’s spending and making simple financial lifestyle adjustments. This way, you can reach your financial goals and set money aside for various things in the future without hurting yourself in the present.