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What is a frugal lifestyle, how to follow it, and minimum income required for that?

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What is exactly a frugal lifestyle? I keep hearing different views about following this lifestyle and how to plan a frugal budget. What is the minimum income required to follow such a lifestyle?

It's a lifestyle where you're less wasteful and more resourceful. You lead a lifestyle where you don't indulge into mindless spending. In a frugal lifestyle, you have to cut down your unnecessary expenses. There is no minimum income requirement to follow such a frugal lifestyle. Here are a few tips to plan a frugal budget:

Evaluate your income and expenses
Work on your budget if you have 0 savings at the end of the month
Allocate money for each category
Reduce your expenses on each category by adopting a simple lifestyle

Sub: #1 posted on Sun, 06/23/2019 - 23:43

Nick Jonas Nick Jonas

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