By living more frugally, you can improve your way of life. For instance, if you spend less than you earn, you now have extra money for retirement savings, reduce debt, vacations, and occasional splurges. Maybe you’re choosing to live frugally because your household is managing on one income so that one parent can stay home with the kids. You may also choose to live frugally so that you can work less and enjoy life more. When you live a frugal lifestyle, you have more options for a better life.
12 Frugal Tips to Live By
It’s not as hard as you may think to cut back; and doing you can enjoy life experiences instead of material things more.
With these frugal tips to live by, you can save money and still enjoy life.
- Buy used. Not everything has to be brand new. Shop at garage sales, thrift stores and online classifieds for furniture that you can refurbish or other household items. You’ll be surprised at how many new and like new items you’ll find.
- Eat in more. Eating out can take a huge bite out of your budget. The average person spends over $2,000 a year eating out; with a family of four, you’re spending a lot more than that. Instead, create a weekly meal plan, then shop for the week, and cook dinner at home every night. Last night’s leftovers make a great lunch for the next day.
- Brown bag it. Instead of running through the drive-thru on your break, pack your lunch. Not only will it save you money, but you’ll have more time to sit and enjoy your meal.
- Streamline your wardrobe. Go through your closet and put together outfits. If you have any leftover pieces that don’t go with anything, get rid of them. (You can sell them on ThredUp) Don’t buy anything new unless you know exactly what you will wear it with.
- Stop impulse buying. Impulse shopping can really add up quick. Take a moment to think through a purchase. Do you really need it? Curb impulse shopping by creating a list of items you’ve thought about buying along with the date you were going to purchase. Wait 30 days; if you still want it, you can go back for it then. You may even find it on sale.
- Cancel cable. You can save thousands of dollars a year by breaking up with your cable provider. Get a streaming service instead for just a few dollars a month.
- Visit the library. Instead of buying books new, check them out of the library. If it’s something you’ll want to make marks in, try to buy a used copy.
- Frugal gift giving. You don’t have to spend a lot on gift giving. Hand make fabulous gifts with ideas you find on Pinterest.
- Switch to water. Bottled beverages and fountain drinks add up. Drinking water will save you both money and calories. Add some fresh fruit for an added benefit.
- Cancel subscriptions. Magazines and newspapers are available online.
- Reduce convenience foods. Frozen foods, prepared foods and junk food are not only more expensive, they are also less healthy. Learn to make your own for less.
- Plan ahead. Use a calendar to help you plan in advance for upcoming expenses. Know when family birthdays are coming up so you can make a gift. Start planning for Christmas months in advance so you don’t have a huge expense all at once.
Living frugally doesn’t have to mean you never get to do anything fun. Instead, saving money on things you don’t need allows you to have extra money for things you really want to do.