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...

So whats the big deal with budgeting and why is it so important? Let me tell you why I love to budget, I have ten reasons and maybe you might see for your self the reason for its importance. Here they are: Big Awareness. Through budgeting, it keeps me aware of how much I spend on the daily basis. Saves me money. By knowing whats coming ahead and being able to plan, it helps me to spend less and less every month. Smart planning. Knowing how...

Many people are confused with the difference between frugal and cheap. Being frugal means making smart spending choices or getting the most for your money. Cheap while on the other hand, is looked more upon as selfish and stingy. When I looked up the synonyms for frugal, I got thrifty, chary, provident, careful and economical. Synonyms for cheap resulted in stingy, shoddiness, inferiority, showy imitation, complete unworthiness. Living...