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Frugal living is to live within your means. You should not buy something that you cannot afford. Even if you have the cash to buy a new fancy car, it doesn’t mean that you can afford it. Yes, you can pay for it, but can you really afford it, or do you need to skip three months on your mortgage payment to be able to purchase the car? Thinking ahead is a basic skill if you want to save big for you and your family. Buy the things that you need and do not spend a single cent on things that you want to have just to impress people that you don’t even know. Who cares if you are driving a fancy car? Envious glares and praises don’t convert to cash.
