Welcome to Moneywalks and the 83rd edition of the Festival of Frugality. If this is your first time here, I encourage you to browse the archives after the festival and if you like what you see you can subscribe to my feed.
This week, there was well over 50 submissions and 37 made it to the festival. I had a great time reading these articles, they were awesome, but in order to keep the festival’s theme consistent, I had to omit articles that had no relevance to frugality. But I want to say that I tried my best to fit each article in this edition. First off, I want to share with you the definition of frugality from wiki:
Frugality (also known as thrift or thriftiness), often confused with cheapness or miserliness, is a traditional value, life style, or belief system, in which individuals practice both restraint in the acquiring of and resourceful use of economic goods and services in order to achieve lasting and more fulfilling goals. In a money-based economy, frugality emphasizes economical use of money in meeting long term personal, familial, and communal desires
I think this is a great definition of frugality. That is why I have chosen this definition as a baseline for this festival and have broken down into 7 strategies for frugality. This way, reader can pick what part of frugality they want to read about. But before we start, I want to thank all the contributors for their submissions, I learned so much from reading all the posts. I hope you can get out as much information out of this festival just as I have. Many great tips and suggestions here, also I made an asterisks(*) on the ones that I particularly enjoyed.
Okay, without further delay…
Welcome to the Festival of Frugality #83
1.) Changing costly habits and/or suppressing instant gratification
2.) Reduction of wastes and bartering
3.) Seeking efficiency
4.) Defying expensive social norms
5.) Embracing free options
6.) Staying well informed about local circumstances
7.) Market and Products
Well that’s it. I hope you had a great read here, take with you as much as you can. If you see any articles here you enjoyed, please share it with your readers. Also, if you do not see your article here and think that it should be, please email me and let me know. I’ve been known to make mistakes every once and a while. Once again, I want to thank all the authors for their fantastic articles and don’t miss out on the next edition over at The Frugal Law Student.