10 Commandments for Frugal Living

Frugality often gets a bad rap. Many people misunderstand frugality and assume that it's nothing more than being "cheap" when, in reality, frugality is making sure that you get the most from the money and resources you have, even if they are limited.

For those who are just beginning to embrace frugality as a part of their lifestyle, here are 10 frugal commandments to live by.

Thou shalt not buy things you don't need. To get the most from the money that you have, it's essential to have a basic understanding of the difference between wants and needs. Chances are that a lot of things that you assume are needs are only wants you have disguised as needs in order to justify purchasing them. ...