Simple Living. What is it?

According to Wikipedia:
Simple living encompasses a number of different voluntary practices to simplify one's lifestyle. These may include reducing one's possessions or increasing self-sufficiency, for example. Simple living may be characterized by individuals being satisfied with what they need rather than want. Although asceticism generally promotes living simply and refraining from luxury and indulgence, not all proponents of simple living are ascetics. Simple living is distinct from those living in forced poverty, as it is a voluntary lifestyle choice.
Adherents may choose simple living for a variety of personal reasons, such as spirituality, health, increase in quality time for family and friends, work–life balance, personal taste, frugality, or reducing personal ecological footprint and stress. Simple living can also be a reaction to materialism and conspicuous consumption.
For the full article visit: http://en.wikipedia.org/wiki/Simple_living