For those who are not spending money frugally, that might sound like a sacrifice of happiness. But as I read in an article, frugality can actually be equaled to happiness. Frugal people find happiness in meeting their goals, reducing their “not-emergency” desires, and live within their mean. They see and prepare the future earlier by spending as they need and save the rest for retirement. Of course, debt in our old times will fill our lives with burden. They live creatively, modifying their costs as efficient as possible, but still leave some for leisure spending. They have goals and will likely gain it. If you are without debt, you can retire with something you enjoy to do instead of something you have to do. Read the great article here.