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Ways to Start Your Frugal Lifestyle

January 5th, 2011 at 06:09 pm

This New Year can be a good start for a more frugal lifestyle. This will allow you to spend less than you earn, and use the difference to pay off debt, save or invest.
It is important to know how much money you have in the bank and how much is your monthly expenses, so you can begin to make your decision on how to spend your money wisely
Let’s try to give it a shot living a frugal lifestyle.

Buy used things – if you need something try to look for a used stuff in some garage sale, this could give you a lot of savings.

Eat out less – stop eating or dining out, you can always prepare something nutritious in your kitchen.

Buy used books or borrow from the library – you can buy used books from the campus if your kids needed it, there’s nothing wrong in using old books. Or if you can borrow some at the library much better.

Don’t use credit card – it will always put you in debt if not used with discipline.

Stop impulse buying – most of us buy things that are not really important, they just wanted it, Stop that habit.

Go with one Car – if not necessary use only one car to save up in gas. Or do not use the car if you can just walk down the streets to buy something.

Get a Small House – go with a small house if you have small family, this will help in saving up in household expenses. Live in as small a house as you can and still be comfortable.

Bring your own lunch – if you can brown bag your lunch at the office do it, instead of eating out.

Use coupons - most magazines offer some discount coupons which you may use in the grocery, but remember to buy only what you need.

Quit or lessen your vices -   try quitting your evil habit of smoking, drinking or gambling. This will make a big savings.

Cancel subscriptions – cancel some magazine subscriptions, you don’t need it anyway, you can always use the internet to search on anything you need.

Get rid of debts - start paying all your debts and avoid making another mistake.

Reduce convenient store foods - stop eating microwaveable foods and packed junk foods, this cost you more than preparing your own snack.
 
Frugal lifestyle could save you from a ton of debt later down the road. With the current state of the economy, it is more important to plan for your financial future. Learning how to get the best deal on everything that you buy is important.

1 Responses to “Ways to Start Your Frugal Lifestyle”

  1. Jerry Says:

    In some places you can lead to even more savings by going without a car entirely, which is what we are doing... however, we live in SE Europe where many people do it and there is excellent (usually) public transportation. It does save money on gas, insurance, etc., but it's a lot easier in the summer than in the winter! Of course, it's not possible everywhere.
    Jerry

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