The Frugal Mindset: Embracing the Value of a Penny
As a first-generation American, I’ve grown up with a unique perspective on money. My parents, who immigrated to the United States from India, taught me the importance of frugality and responsible spending. This summer, my friends might label me as “cheap” for saying no to expensive dinners or lavish spending, but I’m okay with that.
Appreciating the Little Things
I’ve learned to appreciate the value of treating myself, but not at the expense of breaking the bank. I’d rather save up for meaningful experiences or investments, like buying a rare book that brings me joy, rather than splurging on unnecessary expenses. When I do spend, it’s on something that truly matters to me.
Taking on a New Role
As the money-conscious friend, I’ve taken on a new role in my social circle. I’m the voice of reason, encouraging my friends to think twice before making impulsive purchases. I’ve stopped my friends from buying unnecessary items, and instead, we save up for mini-vacations or other experiences that bring us joy.
The Joy of Free
I’ve also learned that free or discounted events and items are often more enjoyable because they come with lower expectations. I’ve attended inspiring talks, like one by Mike Rezendes, a member of The Globe Theater’s Spotlight Team, for free, and it ended up being one of my favorite nights of the year.
Simplicity is Bliss
I’ve acquired a taste for simpler things in life, which I call the “Dunkin’ Donuts Effect.” A large iced coffee from Dunkin’ brings me more joy than an expensive coffee from a trendy café. I’ve found that I enjoy the little things, like successful transfers on “The T,” our subway system, more than calling an Uber.
Investing in My Future
By adopting a frugal mindset, I’m investing in my future self. I know that when I make it as a journalist, I’ll be grateful for the money-conscious skills I’ve developed. My friends might worry about how they’ll pay their Netflix bill, but I’ll be rolling in cash, thanks to my smart financial decisions.
In the end, being frugal isn’t about depriving myself of experiences; it’s about making intentional choices that align with my values and goals. And if that means being called “cheap” by my friends, so be it.
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