When it comes to money, I always tell people that money management is an essential life skill. If someone makes a good salary but does not know how to keep the money in the bank, then this is definitely not in an ideal financial situation. It is for this reason that people should get better at saving their money and cutting back on their everyday spending. However, is there such a thing as being too frugal? I think too much of anything typically is not a good thing and that it is smart to find a balance with both of your money saving and spending habits.

While it is important to conserve your money, you also do not want to do so to the point where you are depriving yourself of living your life to the fullest or having everything that you desire. It is healthy to spend money on the things that you value and/or mean something to you which is why you should make it a point to do so. If you are constantly depriving yourself, that is also sending the wrong spiritual message out into the Universe that you are not deserving of nice things. Furthermore, it also on a subconscious level is hindering you from attracting abundance into your life if you are obsessed with saving every little penny because putting such strong limits on yourself comes from the belief that you cannot afford things or that you are not worthy of having something which is the total opposite of an abundance mindset. If you are faced with a lot of debt that needs to be paid off, then I would say that this is a situation where it is crucial to live within your means and to stay disciplined until you can get back on a good financial track again. There could be instances where being overly frugal might have to be the reality but it should only be a temporary one as opposed to a permanent one because as I mentioned, you are deserving of a full and happy life! 🙂