Can Living Stingy be a Good Thing?

Have you heard of the term living stingy I know I have. It rings that negative connotation in your head. You hear the word stingy and automatically think this person is cheap, skimpy, penny-pinching, and any other words that relate to being stingy. 

What does Living Stingy Mean?

Stingy means: unwilling to spend money It has many synonyms like cheapskate, meager, tight-fisted, and any others you may think of. 



Living stingy is about:

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- Living on less - Finding ways to not spend money - Not wasting time on worthless endeavors

The stingy life involves saving money or living below your means. Frugality is part of this philosophy. We live a frugal stingy life to save for big items like financial freedom, travel, a future home, or any other big life expenses. 

Why Should You Consider Living Stingy?


1. Financial Freedom:

You will be able to have the freedom of time, money, and do whatever you may choose. This is a great thing that living stingy can help you to achieve. Money is a tool that provides freedom to us all, let’s save it and use it to achieve freedom.


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2. Saving Money: Being on a living stingy mindset, you will need to learn how to budget your money. This means you need to know where your money is going. This could be from setting up a budget or even just tracking every expense. 3. Accomplishing Goals: You start to save money through a budget, then you are wondering what to do with this money so you look up information and discover some financial blogs that teach about investing. 

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1. Stigma: There is a stigma attached to living stingy. People are labeled with this cheap label. They are looked down upon and sometimes are not invited to places because people think they are cheap. 

You will need to sacrifice many things that takes tons of money out of your pocket. That may be cutting down on going out to eat or even cutting the cable to save some money. Living stingy is not as easy as 1+2=3. It takes sacrifices.

2. Sacrifices:

3. Going Too Far:

You are then going to be labeled as the person that is incredibly cheap because you refuse to budge on anything. It is all about the money. 

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