Are you frugal?

According to a study by the Bureau of Economic Analysis, Americans need around $40,000 a year in order to live comfortably. The minimum wage? Roughly $15,000.

In different parts of the world, this is no different.

In South Korea, for example, the average annual expense to live a comfortable life is roughly $16,800. The minimum wage? Around $14,400. A bit better than the US.

In the Philippines, meanwhile, to have a comfortable life as a single person, you have to spend around $9,000 a year. The minimum wage? A pitiful $3,200.”|

It’s getting harder and harder to save money in this high-consumption world, but that’s why it’s more important than ever to be frugal.

Here are some simple tips that can help you be more frugal in your everyday life.