12 Ways to Break the Cycle of Frugality and Start Living Your Best Life

Sometimes, it is hard to escape habits formed over time. One Internet user wanted to know how people had escaped extreme frugality when poverty was all they knew. Other users chipped into this discussion, and here are some of the best responses. 

It Never Really Goes Away

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One user pointed out that this thought never goes away, “I grew up very poor and lived below the poverty line until I was 25 when I got a massive pay raise from a new job in my very niche industry…I currently have a very, very comfortable amount of money in the bank(s), and still, spending money creates an emotional AND physical reaction. I’m constantly terrified that one day it’ll all just be gone.”

Some Don’t Feel the Need To Escape Frugality

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Despite doing well for themselves, some people do not feel the need to escape their frugal lifestyle, “This is the way. I went from 25k over the last decade to 6 figures and still live in my tiny apartment exactly as before. I treat myself to some sushi once in a while now, but I don’t feel the need to “escape” frugality. It is a winning strategy when you are poor and doubly so once you make a good income. The difference is that now I am accumulating savings really fast, and soon I will be able to maintain my frugal lifestyle even if I quit this job and never find another one.”

Some Have Learned To Live With It

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One user understands how this thought can be managed and has done so, “I get it. I’m at $26/hr, and I mostly buy parts for the cars and house supplies. The gf makes a bit more than me but is not nearly as frugal. I put a wheel bearing on my $500 Ford last weekend. Going to buy a new window for the kitchen shortly, move the location and finish drywalling the kitchen. It’s kind of helped us. We bought this $25,000 house in 2009. I put my tools in the garage and work on stuff. I wish others would use my tools and try to get ahead.”

Set Budgets

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Setting and sticking to budgets has worked well for another user, “Set a budget to allow yourself the ‘fun money’. Every paycheck, pull that amount aside in cash, and write down what is something you would do that is fun that is outside your frugal mindset comfort zone.”

It Takes Time

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“I kinda struggled (Who am I kidding? It’s still there) emotionally with differentiating between being ridiculous and having a few nice things and enjoying life,” illustrates another user

It’s a Mentality

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One user has a solution to this issue, “Sit down, write out your budget, then sit down and dream and dream big. Write down all those dreams as if you didn’t have to pay for them. Then sit down and write out a 5 year plan. I want to do x and be at x. Then do it for 10 years. Take those 4 sit downs and hash out what your real goals are.”

“You don’t. My ex was born into poverty. He got his education and made it out, but that mindset never left him,” agrees another person

Prioritize What Is Important

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Make priorities and stick to your budget as one user advises, “I think it’s about priorities and what is important. I make good money now and still eat cheaply at home. I don’t mind, but I do like to splurge and go out to eat twice a month. Also, I hate ordering things online and things I probably need/want.”

Avoid Making Bad Financial Decisions

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One user speaks from personal experience, and how he managed to get his life back on track “Long time ago, I made bad financial decisions. Lost my job, lost everything due to me needing to sell everything just to buy food. Living in my car, etc. Fast forward 12yrs, I make good money, married to a good woman that makes even more than me. House, pets, toys, etc. What do I do differently now? Not much other than not making super bad financial decisions. Our only debt right now is our house, and if I lose my job tomorrow, I have enough in my accounts to pay it off, so my biggest worry of losing the house is gone. Outside of that, you need to enjoy life and save for retirement.”

Frugality and Poverty Are Different

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One user has a different perspective on frugality and poverty, “As someone frugal with newfound money, frugality & poverty are extremely different. It’s not about wanting or needing expensive things; it’s about being able to spend any money without excessive worry plummeting into food & housing insecurity.”

Do Fun Things Before You Die

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“I had this same struggle. It wouldn’t go away. I finally had to tell myself: you better go do some fun stuff before you die, dummy. That worked. I’m still weird about making sure I get a good deal and can’t bring myself to spend money on certain things, but it’s a lot better, and I do travel now with my kids,” says one user

Get a Professional To Help You

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In order to be happy, one user advises getting professional help, “Have you thought seriously about getting a professional opinion on this matter? Fear is a joy thief.”

People Who Grew Up Poor Share The 20 Ultimate “Poor” People Hacks

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Life’s thrown us a curveball, and our bank accounts might be staging a rebellion, but fear not! We’ve got something up our sleeves- a treasure trove of tips and tricks that will have you grinning ear to ear as you outsmart the very concept of scarcity. Being broke? It’s not a limitation; it’s a canvas for creativity!

People Who Grew up Poor Share the 20 Ultimate “Poor” People Hacks

20 Of The Worst Mistakes You Can Make In Your Life

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Life is like a roller coaster- it’s filled with exhilarating highs, nerve-wracking lows, and unexpected twists that can leave us hanging upside down. We all make mistakes along the way, right? Because at the end of the day, we are only human!

20 Of The Worst Mistakes You Can Make in Your Life 

15 Tips For Frugal Living On A Tight Budget

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If you are looking for tips for frugal living on a tight budget, this post is for you. 

Being on a tight budget means looking for even the slightest opportunity to save money. It could be saving to clear your loans, for a bigger purchase, or even for early retirement. 

15 Tips for Frugal Living on a Tight Budget 

12 Frugal Hacks That Make All The Difference

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A Reddit user who started the frugal journey with his wife a couple of years ago wanted to know the frugal hacks people had that made all the difference.

According to the OP, shopping grocery sales every week and planning their meals helped cut their bill from $250 to $100 per week. Other users shared their stories about frugal hacks they had that made some difference in their lives. Here are some of the best ones.

12 Frugal Hacks That Make All The Difference

14 Frugal Living Tips To Learn From Warren Buffett

Warren Buffett, chairman and CEO of Berkshire Hathaway is interviewed after the annual Berkshire Hathaway shareholders meeting held at the CenturyLink Center in Omaha, Neb. on Saturday, May 2, 2015.
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Legendary investor Warren Buffett is one of the wealthiest people in the world and, for a time, was the wealthiest. It might surprise you, then, to learn that Buffett is a proponent and practitioner of frugal living and always has been.

14 Frugal Living Tips To Learn From Warren Buffett 

This article was produced and syndicated by A Dime Saved.