Frugal living is an alternate lifestyle that is being considered due to the pandemic. Those uncertain situations eventually lead people to think more of fueling their emergency funds rather than spending on fancy lifestyles.
The pandemic was able to describe people’s financial condition, their retirement fund saving and how strong the financial foundation is.
Adopting frugal living means we prefer to prepare our healthy meals from home than eating out, buying high-quality local products regardless of brands, and excluding ourselves from having the latest fashion or gadgets.
Nevertheless, a frugal person will set the standards for their quality of life without being bothered by people’s opinion. They decide to intentionally obtain their long-term financial goals.
Several studies have explored this lifestyle recently. Not only they associate it to personal long-term financial goals, but more to human life sustainability in the future.
The Covid-19 pandemic and climate changes, therefore, were the main reasons behind declaring and campaigning frugal living to today’s generation.