Tag Archives: frugal

Tips for being Frugal

General tips for being frugal.

1. Create a budget – It’s important to know how much money you have coming in and going out each month. Figure out how much you will need to cover your bills and other necessities.

2. When you need to make a purchase, take the time to do some research and compare prices. Look for sales, coupons, and discounts before making a purchase.

3. Look for ways to save on everyday expenses – Consider things like cutting down on eating out, reducing your energy bills, and borrowing from the library rather than buying new books.

4. Whenever possible, try not to take on new debt.

5. Focus on quality, not quantity – Sometimes it’s better to invest in quality items that will last longer.

6. Before making a purchase, ask yourself if you really need the item or if it’s just a want.

7. Use what you already have before buying something new, see if you already have something that will work for you.

Another Episode of Being Frugal

Get a smaller car. You can save thousands by going with a smaller car.

Rent rather than own. Don’t assume that buying is the better investment. Buying is  more costly than renting.

Next look for used items or clothing.Try freecycle.org or craigslist.org. I’ve done this a few times when I needed something.

Find free entertainment.  Entertainment costs a lot of money.The average person spends about $1,200 a year on entertainment.

Cut out the sweets.Even I struggle with that one. I love my chocolate. Too many sweets results in bad health and bad teeth and that costs money.

Drink water.Drink often. It’s good for your health.Eight glasses of water per day is all you need.

Cut out the cell phone. 20 years ago we didn’t have cell phones.A cell phone is not a necessity.

Cut your own hair. Yeah I know that one is kind of iffy. It’s cheap,it’s care-free. It saves money, and time.

Maintain stuff.Take care of what you have, it will last longer. You’ll then spend less on buying new stuff.