There is a term widely used in personal finance in English that I generate enough curiosity. This is the concept of frugality. For our language, this term points directly to the food and means that it is easier and more plentiful, according to Wordreference . However, I want to concentrate on the definition used in English, according to Wikipedia : the practice of buying goods and services in a restrained and efficiently use those assets acquired and to fulfill a long-term goal.
That is, spend a conscience and not squander.
Today’s world leads us to be the opposite of frugal. We all want it now and do not care if we can not afford … that’s what the credit card. We are constantly stimulated by new technology, new models of phones, new clothing lines, endless choices of restaurants, nightclubs, bars, travel and much more. In short, anything that encourages us to spend more than we earn and not look back to decisions that made ??us into debt .
However, once we have decided to get rid of all the vicious circle of compulsive shopping and decided to take control of our finances , this all changes. We increased awareness and clarity about how we spend our money and what we get in the medium and long term with it.
Opting for the frugality is an excellent option for those who do not want to wait for them to increase the salary three times to “start saving.” Time is money and the longer we wait to begin the process of accumulation, receive fewer benefits from the interest we receive.