I establish an interesting theory about being frugal. I constantly wonder why several people have the incredible ability to save money wherever they go whatever they do. They always manage to save a few bucks here and there. Therefore, they have more money in their pockets; not me!
Most of the time, I am on the other opposite. I buy stuff wherever I go and it’s not necessarily deals! This is where I determined that these people must have developed what I called The Frugal Reflex.
It is an ability that you will gain throughout your life. Some people will never acquire this reflex and their wallet will suffer desperately. I think that for the frugal of us, every time that they are about to buy something, the Frugal Reflex kicks in and make ask themselves a ton of questions: “Do I really need it right now? Can’t I buy the same thing cheaper elsewhere? What are my needs? Can I find a cheaper substitute? What is the best way to get what I need?”.
These questions are not 100% purchase proof but you will still take the time to think about it. Most of the things we buy are the result of an impulsion. If you have the Frugal Reflex, you will avoid your a part of your emotions and make a more rational purchase. In fact, emotional purchases are the biggest source of wasted money. “I really want it, it’s so cool! Is it that cool or I am just being manipulate by some marketing genius here?”.
How to build The Frugal Reflex
Being frugal is not the easiest thing to do. It’s like quitting smoking or drinking. Spending is another addiction. If you don’t take much money with you when you go out, chances are that you will not spend much money. What about credit card? There is only one rule to use credit cards correctly: you can buy whatever you want with your credit card, as long as you pay it off at the end of the month. If you follow this simple rule, you will definitely start asking yourself some questions and save some money!
Another way to develop the Frugal Reflex is to establish a budget. You have to know your numbers by heart. In fact, if you are keeping track of all your expenses for your budget, you will get the Frugal Reflex every time you are about to spend money on something. Even better, it will probably force you to find creative way to not spend money in order to stick to your budget.
Determining goals in term of money saved is another way to build a stronger Frugal Relex. If you try to save $1,000 within the next six month, you will try to save money a little bit every day. So days after days, you will strengthen up your ability to save money. I’ll come back later on with another post on this method as I am trying it right now. I love to be my blog’s guinea pig!
The Frugal Reflex is all about self control. Control your soul, control your mind and control your body. These are the key to live a better life (with more money in your pockets!).
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