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From Frugal to Free
Frugal adventures on the road to financial freedom.

psychology of money

  • Education

Learning My Money Mindset

Posted on August 10, 2021August 10, 2021by Kathryn Vercillo
Money Mindset

Recently I’ve been reading Rachel Cruze’s book “Know Yourself Know Your Money.” If you’re not familiar with her, she’s money guru Dave Ramsay’s daughter. Plus she’s a finance professional in her own right with tons of great advice and information. At the beginning of the book, she discusses your money mindset as established by your […]

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  • Personal Finance

Money Psychology: 4 Key Questions from a Money Author

Posted on September 16, 2020by Kathryn Vercillo
money psychology

Money psychology is one of the most fascinating aspects of personal finance for me. So often, our money decisions aren’t made from places of logic. Instead, we make those decisions from the heart. Our emotions can confuse our finances. I’m always working on this myself, so I was intrigued to see a New York Times […]

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  • Life

Financial Emergencies Always Lead Me To Bad Money Decisions

Posted on September 10, 2019by Kathryn Vercillo

Financial emergencies always send me into a mental tailspin. When things are going well in my life, or even just going ahead normally, I’m able to think clearly about money. I embrace an abundance mindset combined with strategic financial planning. However, financial emergencies always send me into a scarcity mindset. I start operating from fear […]

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Frugal’s Financial Guidelines

Start with these simple guidelines to save money and invest in your future:

  1. Write down own the top three reasons you want to save money. Post it as a reminder to keep on track with your goals.
  2. Learn to budget. Then do it, diligently.
  3. Cut costs. Reduce spending by 10% across all categories.
  4. Direct deposit 10% of every paycheck directly into savings. Build up an emergency savings fun with a minimum of $1000. Aim for six months of living expenses.
  5. Maximize retirement savings. Contribute as much as you can, especially if you have an employer-matching plan.
  6. Begin investing in small ways. Use apps to begin investing with just a tiny amount of money. Learn how it works.
  7. Build credit wisely. Use a credit card for monthly expenses. Pay it off on time every month.
  8. Learn to communicate about money. With everyone. The better you get at talking about money, the more you’ll set yourself up for financial success in all areas of your life.

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