Given the current state of the economy, it’s no surprise that saving money has become standard operating procedure for most homes. But as a result of households focusing so much on saving money, more people than ever are reporting frugal fatigue.
A study done late last year found that sixty-five percent of Americans are experiencing it, in fact. Essentially, it’s the feeling of depression and frustration but it’s tied to always having to be so frugal. So how do we prevent this from occurring in the first place? While there’s no surefire way to stop it completely, there are a few safeguards you can use. Here are three ways to avoid frugal fatigue.
Don’t Settle Into Just One Way of Saving Money
First, don’t feel like you have to stick to just one way of saving money. For example, if you frequent the thrift stores regularly, try saving money by shopping online instead. You can find tons of brand new clothes and other items online for far less than you would pay elsewhere.
In many cases you can get free shipping on certain orders. Online stores make it easy to get you and your kids an entire wardrobe for less – a wardrobe you’ll feel good about since it’s new and fashionable. Shopping at online clothing stores helps avoid frugal fatigue and still saves you money.
Splurge, It’s Perfectly Fine Every Now and Then
Next, realize that it’s ok to splurge on occasion. Of course, that doesn’t mean taking that trip to Tahiti you’ve always dreamt of, but there’s nothing wrong with making a purchase you want every so often.
Saving money usually involves buying only things you need, nothing you want. To avoid frugal fatigue, try to set aside a couple of dollars here and there and then spend it on what you want. Maybe you can buy a new pair of shoes, or maybe take the family out to dinner instead of staying in yet again. Little treats like this help keep your sanity intact and keep you happy.
Keep Your Priorities in Mind
Saving money is usually done out of necessity, but there should be some result that is more tangible for you to latch on to. When you can see the rewards of your frugality you’re more likely to stay motivated and keep it up.
Prioritize the things that are most important to you so you’re not experiencing the sensation that you’re depriving yourself, which will lead to frugal fatigue. Instead, keep your eye on the rewards out there for you to claim as a result of your hard work and frugality.
We hope that you’ve enjoyed this post and would love to hear your take on frugal fatigue.