One way to look at frugal living is comfortability over luxuriousness
Dallas, TX (PRWEB) September 25, 2014
Debt Consolidation USA recently shared in an article published September 24, 2014 how American consumers are struggling with their finances because of how they make purchases. The article titled “Frugal Living: When Bigger Is Not Always Better” explains how a frugal outlook in life can help consumers fight their purchasing woes.
The article starts off by explaining how the spending lifestyle of consumers has a lot to do with how much they are struggling with their finances. Of course the amount of income that comes in to the household has a direct effect on improving the finances of the consumer. But there has been inequality when it comes to the income distribution in the past few years. American consumers benefited from the income gains between 2010 to 2013 but it is was only the rich who was getting richer and the rest of the population is still struggling.
One of the deadly habits American consumers practice that has a direct impact on their finances is the preference for everything that is big. Feeling that a bigger car, a bigger house or a bigger swimming pool is main proof of success. Waving that brand new mobile phone or turning on the latest laptop model could actually be hurting the finances.
This is where the article points out the importance of frugal living. More than trying to live away from excessiveness, it is about being wise about the expenses so that the consumer will never go beyond what they can afford to spend. It is also being cautious on where the money is going and making sure that the consumer is not only spending on the present, but also investing in the future.
One way to look at frugal living is comfortability over luxuriousness.Buying a car does not have to be that expensive in fact, consumers can opt for a second hand car or a model that was released a few years ago. Buying a house can aso take the same line of thinking where extra rooms in the house only takes up space and it is better to buy one that is just right versus one that is too big to even maintain.
To read the rest of the article, click on this link: http://www.debtconsolidationusa.com/personal-finance/frugal-living-bigger-always-better.html