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The role of frugality in student savings
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[QUOTE="yaksalfem, post: 324345, member: 92937"] Frugality as you have said is a way and manner of controlling ones expenses in the scheme of things. It allows student to be spending based on budgeting and budgetary control. It is a basis towards having a balanced manner of economy. It allows the student to be operating based on Scale of preference . The scale of preference is the list of good and services according to the manner in which they are needed. By being frugal, the person will have a deep thinking even before deciding on whether to spend the money on that transaction or not. Being Frugal will serve as a means of achieving opportunity cost. That is the alternative forgone for taking or not taking a particular transaction. It helps to save cost and time as money and time are very crucial and valuable. [/QUOTE]
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