Frugal Living: How Simplicity Offers Happiness

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Getting your clients to sit down and produce a budget is the first and arguably most difficult step for a financial advisor. It’s easy for people to get lost in their spending, but by visibly tracking their transactions, it allows them to realize how quickly the small purchases add up. Author of Meet the Frugalwoods Elizabeth Willard Thames talks about how she and her husband were able to buy a house on a 66-acre lot after they tracked and cut back all the unnecessary spending. They now live a fulfilling life of frugality.

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