What Is Frugal Living or Living Simply

  

From Wikipedia:

Frugality is the practice of:

1. acquiring goods and services in a restrained manner, and

2. resourcefully using already owned economic goods and services, to

3. achieve a longer term goal

What Is Living Simply:

Simple living (or voluntary simplicity) is a lifestyle individuals choose to minimize the ‘more-is-better’ pursuit of wealth and consumption. Adherents may choose simple living for a variety of reasons, such as spirituality, health, increase in ‘quality time’ for family and friends, stress reduction, personal taste or frugality. Others cite socio-political goals aligned with the anti-consumerist movement, including conservation, social justice and sustainable development. According to Duane Elgin, "we can describe voluntary simplicity as a manner of living that is outwardly more simple and inwardly more rich, a way of being in which our most authentic and alive self is brought into direct and conscious contact with living."

Simple living as a concept is distinguished from those living in forced poverty, as it is a voluntary lifestyle choice. Although asceticism may resemble voluntary simplicity, proponents of simple living are not all ascetics.