Frugal Living :Another Way to Invest

By Alison G, published May 24, 2007
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Being frugal is another form of investing. You are taking the money that you are saving and putting it somewhere where you feel is more justified. I live a somewhat frugal life. I save any & all change, throw it into my change bucket. I usually forget about it after 3 days. I came across a site called www.frugalwiz.com

I think there are many definitions to what frugal is meant to interpret for the individual. I personally think frugality is taking money that I was thinking of spending at McDonalds and turning around, investing the funds into the stock market. Since my passion is investing my money in the stock market that means that I have to wade through the various stocks that are volatile & pick the trends that I see are doing well. I did a test a few months back after reading an article on MSN Personal finance, they were testing a about 4 families to see if they could stop spending money on things that weren't necessary to their everyday life. I was impressed with one of the families that I set out and conducted my own test of my will & how I spent my money. I had it planned out that I would use the excess money & invest it into a long term investment.

Takeaways
  • Frugal living,
  • Investing frugally,
  • Understanding your investments
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Another awesome article. Keep it up!

Posted on 05/24/2007 at 6:05:00 PM

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