But it only costs $20! Or $10. Or even just 5 measly bucks. So what’s the big deal? It’s remarkably easy to lull myself into thinking that a couple dollars spent here or there won’t amount to a hill of beans (oh but there are so many things one can cook with a hill of beans… ).
When I start to think this way, I remind myself that frugality is a compounding game. Or more accurately, money is a compounding game: either it compounds in your favor if you’re saving and investing (gold star!), or it compounds to your detriment in the case of debt (sad face, boo).
Rarely do our financial decisions exist in a vacuum. Rather, our spending habits are ingrained grooves that we repeatedly grind along. Whether it’s as catastrophic as continually maxing out credit cards we have no ability to pay off or as pedestrian as shopping every week at an expensive grocery store (cough Whole Foods cough); we are what we repeatedly buy.
Continue reading Frugality Is A Compounding Game at Frugalwoods.