There’s always something you can spend on – be it a want or a need. Then there is the other end of the spectrum, where you can be frugal and save for the long-term. When is best to put money away for the future and when is it appropriate to spend on things not deemed absolutely necessary? What is Frugality? Frugality essentially means spending on what you need and not what you want. It is the process of accumulating a conscious surplus from what you earn and multiplying that surplus to your advantage down the line. Being frugal is one of the main pillars of wealth building because a dollar saved is worth more than a dollar earned! The Fallacy Of Frugality Frugality sometimes gets a bad rep simply because some people push it to the extreme, living on the edge just to save that extra dollar. This act of spending less than necessary can somehow be...