Is FRUGAL LIVING necessary?
The first thing that comes to our mind when we read about the word frugal is being cheap or some other words like misery, stingy etc., Let us first know the difference between the two words, frugal and cheap: Frugal is a person who makes financial choices with the resources they have like money and etc., and they try to be economical and careful whenever they spend on something. cheap is the situation where the person has a need but he is not willing to spend or not showing interest in absolute necessities . FRUGAL LIVING: Frugal living is some kind of a lifestyle where a person acts responsible whenever he tries to take any financial decision or spend money or any other resources . The whole world consist of one percent of rich people where as ninety nine percentage of the remaining people come from either poor or middle class families. so, money management and planning becomes necessary in such cases. frugal living is one such theory that comes under money management . SOM...