Review: Frugal Living & Debt Management Plan - An excellent, informative book that makes you rethink your definition of "Frugal Living"
Rating: 5 out of 5
Date: 01 18, 2014
Honestly, I have never been a fan of living a "frugal" lifestyle? Why? Because being frugal always meant putting huge limitations on myself and on the things I really wanted. Plus, it meant choosing scarcity and lack rather than wealth and abundance.Mart Paulson's book "Frugal Living" revamped my definition of what it means to be "frugal." At the start of the book he explains what frugal living means and he makes it clear that being frugal is more about managing what you have right now in order to have more in the future. It's not about making friends with being broke.Paulson stresses the importance of changing your money mindset from old negative beliefs of scarcity to a mindset of gratefulness, praise and abundance. When you set your mind in the direction of what you want you can put yourself in control of your finances.The book then goes on to teach you how to prepare a frugal budget and reduce your debt by showing you step by step how to do this. Following this it lays out several ideas on how you can implement a frugal lifestyle and control your spending habits. It also goes on to teach you where to put your money and how you should divide it in order to include savings, an emergency fund etc.Overall, this book is a nice, to the point, concise overview of what frugal living means and how it can help you have the things you really want in life. It's well written and not overburdened with unnecessary information.I would recommend this book to anyone that wants to learn the benefits of frugal living as well as how to manage their money and their mind in order to attract abundance.A great, informative read!