What Is The Difference Between Frugal Living and Saving?

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Frugal living and saving money are often lumped together, but there is a distinct difference between the two.

Frugal living is all about making mindful decisions with your money in order to save as much as possible. This might involve things like couponing, meal planning, and cutting back on unnecessary expenses.

Saving, on the other hand, is simply setting aside money on a regular basis into a savings account or another type of investment.

While both frugal living and saving can help you achieve your financial goals, they are different approaches to doing so.