Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

When I was growing up, my mother was stingy by necessity and bought the cheapest food and clothes she could find. I was embarrassed by this, as in those days it was not cool to be frugal. Fast forward to the present and it has become fashionable and even cool to be stingy, frugal and penny pinching. Shops like Primark, money saving comparison sites and online stores like Amazon have all boomed in the last few years. In my book, Yes, money can buy happiness, and my Money Tips podcasts, I obviously promote saving and investment and earning more than you spend. However, a movement in America called F.I.R.E. takes stinginess to a whole new level. The seeds of the FIRE movement can be traced back to the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez, and the 2010 book Early Retirement Extreme by Jacob Lund Fisker. Followers of the F.I.R.E. or “financial independence” and “retire early”, movement, originating in the US, practice extreme forms of money saving to achieve their