*We think logically but buy emotionally!*
Ever wondered why you fail to save, even with a decent income?
Because you make a purchase based on emotions.
Many of us integrate the notion of frugality with sacrificing happiness.
And this is precisely where we get it wrong.
Being frugal is about making the most out of your money.
Do you really need a phone worth ₹60-70k?
Or can you also work with something around ₹20-30k?
Do you need a car worth 20 lacs?
Or 10-12 lacs car can give similar comfort and utility?
*Car and phone have utility value, not happiness value.*
We equate products with utility value to happiness and that's where the problem starts.
Think not twice, not thrice, but multiple times before you make a purchase.
Justify your investment with a logical reason and not mere emotions.
Judging one's expenditure through the lens of logic and potential value addition is what frugality means.
Are you practicing frugal behaviour or not?
https://t.me/investwithanupam
PS: Being frugal with your medical expenses won't help :-)