Hi there, digital friends! My name is Jorge, and I’m The Frugalist. Welcome to my little corner on the internet where I usually talk about personal finance. My aims is to share my adventures on how I’m attempting to live a frugal life and get rid of my stuff in order to convert to minimalism.
How The Frugalist became The Frugalist
I moved to the UK with less than £100 after graduating from university (debt free!) and I quickly realised that adult life wasn’t going to be easy. Unsurprisingly, four years of university didn’t lead to a graduate job, so I started working in a pub for minimum wage.
I lived paycheck to paycheck. During this time all I had managed to do with my life was save £500 just for emergencies. Even though I was earning minimum wage there was always a little room for saving. However, instead, I would treat myself because -what the hell- I thought I deserved it. I got a nice electric guitar with an amp that I barely play; a few pedals that I’ve only used a few times; a Kindle; a massive screen for my laptop; a shelf full of unread books which includes an unused dictionary worth £100; and, not forgetting, a PS4 with loads of games that i’ve only played once or twice. But -hey- this all looks awesome in my living room! However, despite all this, after a year I had a breakdown as I felt like I was failing at life and that couldn’t get out of this spending rut.
I realised that I wanted to learn more about personal finance. Even though I was stuck at a very low wage job, I at least wanted to save as much money as I could to make the most out of what I earned and save enough money to start a new chapter in my life. That’s when I started reading blogs like Budgets are Sexy, Cait Flanders, or Financial Samurai, 20 Something Finance, just to name a few, and put some of their advice into practice.
So, the main reason The Frugalist became The Frugalist is because I was the opposite and wanted to change this. Many of the things I owned didn’t make me happy. I’m actually too scared to calculate the total value of the items that I don’t use because perhaps instead I could have afforded tuition fees for my Masters a year ago or have a greater amount of emergency money.
The Frugalist is not really who I am but, rather, who I aspire to be.
All good so far, but why launch my own blog? There’s thousands of personal finance blogs…
I was recently diagnosed with anxiety and depression and then it all made sense. The breakdown I had several months ago was but a symptom of an underlying problem: the fear of failure. We live with the constant struggle to survive and strive but this generation (I’m in my mid 20s) doesn’t have it so easy.
Think about this – if you’re 25 today, chances are when your dad was your age, he was not university educated, he would have a very stable job and he would be earning twice as much as you do now. That is, if you’re even lucky enough to have a job at all. In Europe we’re the most educated generation in history but the first in quite a few centuries who will live off worse than our parents. Scary, huh?
The reason behind this blog is to find peace with myself. I found that numbers put my mind at ease: whenever I’m able to quantify something my brain feels in control and the anxiety fades away. By documenting my journey here I hope that I can face my own problems and hopefully will help you can learn a few things about my experience!
Do you keep track of your finances somehow? Do you have a blog? I’d love to hear from you! Just leave me a comment below!