Whether you’re saving up for a deposit, a student or a pensioner, living frugally can help you spend on things that are truly worth it to you, and avoid unnecessary wastes.
These books explain how to best go about living frugally without sacrificing your life, which is a common trap for those wanting to save. Because, crucially, the frugal life isn’t about limiting yourself, it’s about making the same amount of money go further.
Referred to by many as YMOYL, this book helps you understand why you might want to live life on the cheaper side. There’s a lot to be said for understanding what saving money does for your life and YMOYL hits that nail on the head. For a book on how to invest in your financial future as well as your happiness in life, look no further than Your Money Or Your Life.
The Old Money Book details how anyone from any background can adopt the values, priorities, and habits of America’s upper class in order to live a richer life. This entertaining and informative work reveals for the first time the Core Values that shape the discreet – but truly affluent – Old Money way of life. Author Byron Tully then details How Old Money Does It, offering time-tested advice on everything from clothes and cars to finances and furnishings. Whether you’re just starting out or starting over, The Old Money Book shows you how you really can Live Better While Spending Less.
Frugal living is really about making tradoffs in daily life choices that enable one to save and invest a portion of their income. The other book, which I consider the grandaddy of financial books, is the Richest Man in Babylon. First published almost 100 years ago, it remains the ESSENCE of building wealth. to paraphrase what Arkad tells his friends when they basically ask why he is rich and they are not, is that there are only two reasons people fail to accumulate wealth – they fail to learn the rules for building wealth, or fail to observe them. My book is built around that concept as I have lived it and promoted it for over 30 years.
“I would like to introduce you to my latest book, Dirt Cheap Adult: A Millennial’s Guide to Life on a Budget, which was published in January 2019.
In 2014, my husband and I had a combined total income of $16,000. With that, we continued to pay down our student loans, continued to sponsor 2 children overseas, ate healthy food, and managed everything without credit cards.
My book covers every way we creatively saved money and lowered our expenses during that time. I share how to build a budget, how to lower your cost of living, how to buy a car, and more. My book is the manual for intentional and frugal adulthood that I wish was published when I was first on my own.”
I really resonate with the Frugalwoods’ approach to frugality through simple living. Liz’s writing is so captivating and her examples and stories so relatable you don’t even feel like you’re reading about personal finance! The main thing I took away from their story is the importance of determining your purpose for being frugal. Without that strong why and goals to work towards, it’s hard to maintain a frugal lifestyle. That purpose is what makes it all worth it.