Frugal Investing (짠테크) — Smart Saving and Investing with Minimal Spending

Frugal Investing (짠테크)

Frugal investing, known in Korean as “짠테크”, combines the words frugal (saving-oriented) and tech (short for finance techniques).

It means building wealth by minimizing expenses and making smart, small-scale investments — often starting with very limited capital.

💡 What It Means

짠테크 isn’t about extreme saving or deprivation.

It’s about using financial discipline to save small amounts consistently and grow them through simple, low-risk investments like:

High-interest savings accounts

Index funds or ETFs

Savings challenges or automatic transfers

Cashback apps and budgeting tools

📈 Why It’s Popular

In uncertain economies, especially when prices rise faster than wages, many young people choose 짠테크 as a realistic path to financial freedom.

Even a few dollars saved daily can compound into a meaningful investment over time.

🧭 Key Principles

Spend less on non-essentials.

Automate savings and investments.

Focus on consistency over size.

Use budget apps or spending trackers.

📚 Reference

Investopedia – How to Start Investing on a Budget

CNBC – Frugal Living and Investing Tips

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