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Many people confuse being frugal with being stingy. A stingy scrooge saves their money, but has nothing but misery to show for it. Someone who lives with a frugal mindset, however, knows how to make sound financial decisions in an effort to improve their life.

Whether you have tons of it or none at all, there is always an ample amount of ways to spend your money. For example, some people choose to buy food at work, while others buy groceries and prepare a lunch to bring along with them. Frugal people prepare their own meals so that the money they save can be used to purchase something special, like a day at the spa, a vacation, or a new pre-owned car.

Income tax checks are a great chance to be frugal. You could use the money to put a down payment on a new car or to buy that surround sound system you always wanted. A frugal person will save a portion, pay off any outstanding debts with a portion, and use the rest for a treat that they have desired for a while (maybe a professional hairstylist or a new outfit for business meetings).

Frugal people do indeed save much of the money they receive, but that doesn't mean they don't enjoy their money as well. Even though thrifty people blow money at times in splurges, it is always controlled spending.

Being frugal means spending your money in the best way possible. That means that, before you make a purchase, you will compare products. It means that you will not be afraid to ask questions about something before you spend money on it and that you can be patient if necessary, waiting to make a purchase until the time is right financially.

It takes a special mindset to live a frugal life. You have to understand the bigger picture and be willing to sacrifice a little now in order to gain a lot tomorrow. The trick is that you may not be able to see the gain for some time. It's a walk of faith that in the end it will be better.

If you are interested in living a more frugal life, talk to people who are doing it now. Observing their happiness due to lack of oppressive debts will be inspiring. You can discuss your financial plans with them and ask for assistance and you make your way through life, frugally.

Much more than saving money, living thrifty means that you are prepared to make thoroughly sound financial decisions that will work out for the best good in the end.