I quit all non-essential spending for a month, and it taught me a powerful lesson

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• By limiting yourself to solely 'necessary' spending, it is possible to save a considerable amount of money. 
• Rent, groceries, and insurance all fall under the bracket of necessary spending , whereas take-out and coffee can be deemed unnecessary. 
• Over time you are likely to become more mindful spender, and will learn to rationally evaluate any purchases you make. 

I've always considered myself a frugal person — I usually make my own coffee, I often bike instead of drive, and I committed to save 70% of my income this year.

Still, my recent credit card bills slowly became bigger than I liked. My grocery bill creeped up, and I was making mindless purchases (like random candles at the checkout line).See the rest of the story at Business Insider

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See Also:

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• I'm a 28 year-old engineer living in Singapore who makes $48,630 — here's what I spend in a week

SEE ALSO: More and more people are drunk shopping — and it's wreaking havoc on their bank balances