In the book “Start With Why”, Simon Sinek says “People don’t buy what you do, they buy why you do it.”
So here we are at the start of all things (all things Finding Frugality anyway), and I think it’s appropriate to start with my “why”. I mean there are a google of financial blogs out there so why start my own?
I’m 29 years old and will turn 30 in a few months. The number of years I have been alive on this planet categorizes me as a “millennial”. Millennials on average graduate from college with about $37,000 in debt and carry an average credit card debt of a little under $6,000. This is a rare instance where I long to be considered average.
Instead, I’d be considered “above average”. As of today, I have around $70,000 of student loan debt (which purchased a degree I don’t use today) and around $10,000 of credit card debt. Typing the numbers on the screen just made me realize the magnitude of it all. I’ve always been in denial. Oh, and did I mention my fiancee and I just achieved the American Dream of taking on a mortgage?
Anyway, I think I veered off course and got lost for a paragraph or two. I said I would start with why, but I just gave you the “what” (my debt) and “how” (how I accumulated all of it). I guess I’ll END with “why” instead. I decided to start this blog to document my journey to financial freedom. Ever since I can remember, frugality has always been a foreign concept to me. Who wants to be a spendthrift when you can enjoy all the trappings of materialism? Whether out of desire, necessity or a mixture of both, I’ve finally realized that I’ve lived too long without seeking to understand what a life of frugality can bring. So here is the first step on my journey to mastering money, living a minimalist lifestyle, and finding frugality.