Sustainability for the Wallet

Sustainablity for the wallet Go Gingham

Everyone is using the term ‘sustainability’ these days – heck, even I’m doing it! I’ve traded the word ‘frugal‘ for sustainability. Why? Too many people think of ‘frugal’ as cheap or coupon-clipping and not what it really is – smart and continuing. To sustain one’s lifestyle as in living within one’s means. Sustain-ability.

Mostly, the term ‘sustainability’ is used when referring to the environment but sustainable living can happen for the wallet, too. And, when your wallet is living a sustainable life – meaning one that can afford today’s lifestyle while still considering what lies ahead in the future – everyone is happier. And when you’re happy about your financial picture, there’s less stress which makes for a healthier life, too. (Healthy and frugal living make a good pair – find out why.)

Happier and healthier living based on the sustainability of a wallet? Yes. It’s called budgeting.

Budgeting is how we have money to do what we really want. Whatever financial goals there are – building a nest egg, saving for retirement or traveling the world – knowing how to budget, save money, and be frugal helps us get there.

The only way to have money is to save it. The only way to save it is to live below one’s means – regardless of income changes. Keeping expenses low and consistent – and living frugally – is the key to having money to save.

Sustaining a lifestyle that’s affordable – today – and takes into account the future’s financial needs makes everyone breathe a sigh of relief. Money troubles are stressful but living and budgeting for wiggle room instead of paycheck to paycheck gives peace of mind. And makes people happier. And that keeps us healthier.

How are you feeling about your finances? Happy and healthy or stressed out?

Go Gingham related links:

Debt – you decide on the level you’re comfortable with
Budgeting and how to track expenses – Part 1
Budgeting and how to track expenses – Part 2
Budgeting and how to track expenses – Part 3
Living a frugal life by choice: strategic frugality

More related links:

 

Sara

Sara, creator of Go Gingham, is passionate about cooking and feeding her family healthy, real food. She's a green enthusiast, too, who loves to grow food organically. Sara loves to travel - especially by trading houses. An avid runner, she can also be found chasing after her chickens in the backyard.

12 Comments


  1. Start saving young: every raise, every windfall. Even if there are multiple sources of income, live on one income. Put the other income sources toward any outstanding debt you have.

    And save more than you think you need. Retirement expenses will increase as you and your family members age.


    1. Karen, I think that is really good point – “And save more than you think you need.” I have been reading lots of articles recently about how people think social security is going to be their source of income for retirement. That’s not a good plan.
      Thanks for your perspective, Karen. πŸ™‚


  2. I couldn’t agree more, Sara. All the electronics, shoes, and new clothes in the world don’t compare to money in the bank!


    1. Vanessa, we are two peas in the same pod on that! Although, you know I love shoes!! Buying them at Goodwill is the way to go πŸ˜‰
      Thanks for writing in, Vanessa!!


  3. But I so, so loved “fancy, frugal, and fun”! Sustainable just doesn’t roll off the tongue in quite the same way. πŸ™‚
    Rita recently posted..Everywhere you look


    1. Oh, Rita, I’m still frugal, fancy and fun!! πŸ™‚ You are right about that!
      xoxo


    1. Ohhh….Erin! Very impressive! I like it and can’t wait to read about where you’re traveling to next! πŸ™‚
      What a good way to save money and add to your nest egg! Keep it up!


  4. I like the wallet sustainability concept! We had a difficult year with “elderly parent issues” and I am definitely on the “save, save, save for retirement” bandwagon–you never know what financial challenges may be lying ahead.


    1. So true, Kris! Plus, don’t forget about college! It’s not an inexpensive endeavor. Yes, scholarships help but they don’t cover everything.
      Keep up the good work saving!! πŸ™‚


  5. Oh my gosh, your post struck a BIG chord with me! I love using the word “sustainable” in lieu of “frugal.” People tend to equate frugality with hardship, deprivation and becoming less. Sustainability is associated with continued growth and renewal. From now on, I will describe my lifestyle as sustainable. Thank you Sara for my new terminology and keep up the good work!


    1. Yay! I like your life-STYLE, Nikki! You nailed it.
      Thanks for writing in and have a great day ~
      πŸ™‚

Comments are closed.