Meaning of "Frugal Living"
This approach combines a "penny-pinching" mindset—which involves drastically cutting back on unnecessary spending—with financial management, allowing individuals to control small expenses and invest or save the money they save to grow their assets.
"Lately, I’ve been cutting back on my living expenses through frugal living, and I’m putting the money I save into a monthly investment fund."
Related slang words
Shoe TechThis refers to an investment strategy that combines the hobby of collecting shoes (particularly limited-edition sneakers) with financial investment, aiming to profit from the expected rise in value driven by the rarity and popularity of the collectibles.No-Spending ChallengeThis is a fun, game-like campaign (activity) where participants aim to spend zero dollars for a day, document the process, and practice saving money.HonbahonThis refers to the tendency for a person’s attitude or behavior to vary depending on their circumstances, with their behavior when alone contrasting with their behavior when in a group.ResaleThis refers to the practice of purchasing rare, limited-edition products and reselling them at a higher price to make a profit.VlogCreating and posting content that captures their daily lives on video and shares it onlineOpen RunThe phenomenon of people rushing in and lining up as soon as the store opens to get their hands on popular items firstPop-up storeA pop-up store is a temporary retail space that operates for a limited time, offering exclusive merchandise or unique experiences to enhance the sense of exclusivity and excitement for visitors.WorkationA work arrangement that allows employees to perform their duties while simultaneously relaxing and recharging at a resort or travel destination