Frugality is not about saving money.
A lot of people deal with their own share of financial burdens primarily because of the not-so-smart ways of using one or more credit cards. Some actually steer clear of getting one, but when used the smart way, a credit card is a great financial tool in terms of convenience and its contribution to your credit score.
If you manage your credit card usage well, this helps you build a good credit standing for when you need to apply a loan in the future.
It is an exciting time the day you decide to buy your first car. For many it represents independence and the ability to make a living. However, a car will also be one of the costliest things you will ever buy because they depreciate like crazy.
Generally, first cars are purchased when you are young and have limited income so it is important to save as much as possible when buy your first car.