Frugal people are generally goal oriented. They try to do whatever it takes to achieve their goal in budget (time and money). That is a great side product of being frugal.
Simple minimalist lives
Most frugal people are also minimalists by nature. They use minimalism to save for future.
Frugal people don’t have to impress others and will buy only things they need. They are not generally influenced by others. For instance, I have been having only one work table, chair, a small couch and a bed in the entire apartment. I like no clutter and keep the home nice with ample space with all black and white. I absolutely enjoy what I have.
No keeping up with Joneses whatsoever!
They appreciate things they have in their life and try to make do with it. Not compromise in quality but change in mindset totally. They just say no to wasteful consumerism and put high importance to valuable memories and experiences.
One natural skill they achieve through pursuing frugality is becoming great planners. They know how to do meal planning, buying groceries with credit card rewards, Thanksgiving and Christmas gifts in advance or booking activities early to grab the best deal.
Frugal people become resilient over time following Frugality. You cannot get them down with any level of economic deprivation. From facing a lot of challenges and figuring out solutions to them, they become resilient over time.
I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates