frugal

25 Wonderful Ways to Stay Frugal and Beat Debt

get rid of itBeing frugal is always a challenge. However, the positive outcomes help you lead a better life. Therefore, we should all the time maintain frugality in our life whether it is our day-to-day essentials or entertainment activities. Given below are 25 wonderful techniques to remain frugal and overcome the curse of being indebted:

1) Use coupons prudently – Clipping couponsfor the commodities you use on a daily basis is a good idea.

2) Go for a balance transfer credit card – When you have a number of credit cards with high balances and interest rates, transfer them to one single card with an affordable rate.

3) Make your lunch at home – When you’re going to the office, prepare your lunch and brown bag it to work.

4) Raise your insurance deductible – This will help you reduce your annual insurance costs.

5) Take the bus to office – Don’t drive too often if it’s not needed. Take a bus en route to your workplace. Cycling or walking to office is not bad either.

6) Wash your clothes on your own: Don’t send your clothes to a laundry. Instead, use your home washing machine and natural detergents to clean them.

7) Stop impulse buying: Your impulse buying behavior might make you fall in debt very soon. So, get rid of it immediately.

8) Hire books and DVDs from the library: Thisalso controls your needless spending on leisure and entertainment.

9) Share your meal with others: When you are eating outside with your friends or known people, request them to contribute for the meal. In this way, you can cut down your dining costs outside.

10) Buy your gadgets online: Be it an iPhone or an android phone, buy it online to save a lot of money. Online buying always involves a lot of discounts and offers and is a more preferred option than offline buying.

11) If needed, buy used items: Craigslist is a good resource of useditems in good condition.

12) Quit smoking and drinking: This is difficult but essential to be frugal in life.

13) Learn minor house repairs: This is quiteimportant. Doing small house repairs without anybody’s help also brings a sense of satisfaction in you.

14) Stop borrowing without need: Some of us have the habit of applying for new credit cards, home loans, auto loans, and other varietiesof creditevenwhen we don’t need them. This should be stopped at any cost.

15) Don’t buy insurance cover which you don’t need: Unnecessarycoverwill onlyraise your financialdifficulties.

16) Create a sensible budget and follow it: See the areas of your income and expenditure. Set a rational budget and follow it sincerely. Try to save some money every month.

17) Plan your trips in off season: Traveling in off season is a realistic way of saving money.

18) Drive slowly and cautiously: Driving fast will cost you more in terms of fuel. You can also be booked for a speeding ticket.

19) Get sample medicines from doctors: You can always getsample medications from your physician when they get them for free.

20) Look after yourself: You should build up a consciousness of healthy living. Eat the right food, exercise daily, and maintain your dental hygiene.

21) Increase your water intake: Rather than sipping on artificial beverages, drinking water is a much better and hygienic way of quenching thirst.  

22) Be a wise shopper: Only buy things that you can’t live without.

23) Cook at home: Rather than buying expensive and junk food from outside,try to cook healthy and delicious food in your home.

24) Drink coffee at home: Your coffeemaker is your best friendhere.

25) Save on telephone costs: If you have a mobile phone, just do away with your land line phone.

Follow these tips and soon you will notice a drastic improvement in your lifestyle which will make you a better personal finance manager altogether.

Staying out of debt is becoming more popular with young people today. Many college students are choosing to take online courses in order to have time to work during the day, as many top universities, for example Lubbock Christian Online, are offering their online versions of their best courses.


Eight Ways To Feed Your Family In A Frugal Fashion

Eight Ways To Feed Your Family In A Frugal Fashion

If you have a family, you are likely to be well aware of the significant cost associated with feeding them on a weekly basis. Therefore, although there are certainly many ways to cut down on your spending, when it comes to family households, some of the biggest savings can be made by simply being careful how you stock the kitchen. Should you be interested in cutting down on how much you spend on food each week, here are eight tips for doing just that.

Purchase Ingredients Not Meals

Although ready prepared food is certainly convenient, said convenience isn’t exactly cheap. If you are a good cook, or you are willing to learn, you can save a significant amount of money each week by simply cooking most of your meals from scratch with fresh ingredients. And depending on your culinary skills, you might even find that what you cook yourself is not only significantly cheaper, it also tastes better.

Purchase Generic Products

Many of the products that you purchase each week can be purchased in generic form without sacrificing on taste. And because supermarkets often offer basic generic products at cost price, you can make some real savings.

Despite the fact that such goods are often priced as low as twenty five percent of the cost of branded alternatives, most of them taste almost identical. Although there are some items that it’s worth paying extra for, items such as tinned vegetables, cereals and fruit juices are all better off purchased in generic form.

Stock Up on Discounted Favorites

Although you should never purchase something that you won’t eat solely because it’s on sale, when the food in question is something that you generally purchase every week, it is well worth stocking up. Even popular brands that generally cost quite a bit occasionally go on sale at significant discounts. If you take advantage of such offers when they come up, the savings over the course of a year can add up to a surprisingly high amount.

Never Grocery Shop Without a List

Speaking of discounted goods, those in charge of supermarket design are highly adept at getting consumers to purchase food that they really don’t need. It doesn’t matter how good your intentions are when you enter a supermarket, if you don’t arrive armed with a strict shopping list you are highly unlikely to shop in a frugal manner.

Hit the Street Markets

The convenience of purchasing all of your food from a single place certainly cannot be denied but once again, such convenience is costing you money. While supermarkets offer the lowest prices on most goods, when it comes to fruit and vegetables, the best prices are almost always found at street markets. And when it comes to meat, the lowest prices, and the best quality, is usually found at the butcher. Therefore, if you are serious about saving money on food, and you have the time to spare, don’t purchase everything in the same place.

Avoid Loose Supermarket Produce

On the other hand, if you insist on purchasing your fruit and vegetables from the supermarket, you should always purchase the packaged variety. This is because when supermarkets sell loose fruit and vegetables, they charge consumers according to the weight. Packaged produce on the other hand is generally sold by the unit. And due to the variation in how much a unit of produce generally weighs, packaged produce always offers more weight for your money.

Forget About Loyalty Cards

Most people head to the same supermarket week in and week out, and in doing so they get a few dollars back each month thanks to their loyalty cards. The savings offered by loyalty cards however are typically only around one percent, and supermarket loyalty tends to cost people significantly more than that.

What supermarket is the cheapest tends to change every week, as each throws different promotions and price reductions. Taking advantage of such promotions each week is always going to save you far more than the cash back offered by a loyalty card.

Printable Coupons

Finally, it would be difficult to write an article about frugal food shopping without mentioning the benefits of coupons. Although many people assume that only minor savings can be made, if you head to the supermarket with enough of them, you might be surprised by just how much you can save.

The key is to not rely on supermarkets to send you coupons in the mail. Instead you should head to their website and find the printable variety. Provided you are careful not to purchase products that you otherwise wouldn’t, you might find that savings of up to ten percent are not uncommon. And when you start searching online for manufacturer coupons also, you can expect to save even more.

Richard Braine writes on behalf of Cash for Gold UK, specialists in turning your unwanted gold into cash with simple, safe and secure processes.


Things You Should Not Be Frugal With (Cause It Will Cost More If You Will)

Things You Should Not Be Frugal With (Cause It Will Cost More If You Will)

These days, a lot of people are very keen on saving money, running after deals and getting the cheapest materials there are. Most of these people take pride in being frugal. However, there are only few people who live a comfortable life among thousands of frugal people out there. Don’t you wonder why is this so? You try to save and save however you cannot seem to gain financial freedom. If frugality is the answer to financial freedom then almost all people today’s should be financially independent. However, this is not the case.

Are you familiar with the saying “Penny Wise, Pound Foolish”? Well, this is one of the reasons why most frugal people don’t seem to have a change in their lifestyle. Regardless of how frugal they are, they can’t still manage to have a wealthy life. By this saying, we mean that people save money on the smallest things but doesn’t care that much when spending huge amounts of money. Another definition of this saying is that people do all the things that they can in order to save money in the present. Sadly, these savings will cost them more as time goes by. This is the most common hindrance to being financially independent. No matter how hard you work or how frugal you are, you can never have a better lifestyle if you are “Penny Wise, Pound Foolish”.

It is my goal to pull you out the financial trap and lead you into the world where finances will never be an issue. After all, isn’t that what most of us are aiming for? To help you with this, I present to you the things that you should never be frugal with. If you do, it will cost you more eventually.

Health Concerns

Most people think that it is okay to be frugal when it comes to health matters. They think that they can easily get answers from the Internet. For them, a toothache can go away eventually. A persistent headache can be cured by any OTC drugs that they can get their hands on or a pain in the abdomen is just a common occurrence. Are you one of these people? If you are, then I am telling you right now that this is not the best way to save money. Aside from the fact that you are putting your health at risk, you are also endangering your bank account and medical insurance too.

Why is this so? Well, if you continue to disregard some of the minor symptoms that you are feeling, it will cost you a hefty price if these symptoms go worse. FYI, self medication does not work all the time. Although there are instances when you can find the answer in the Internet, there are bigger chances that these answers are wrong. In order to save money in addressing your health issues, go for a medical loan or a health plan.

Parking Concerns

Most people would skip paying the parking meters, thinking that they will be back quick, sooner than the parking meter. Well, guess what? No one can be faster than the parking meter. No matter how fast you go shopping or you do your errands, you will not be as lucky. Even if you get lucky on the first few instances, you will eventually be getting a ticket.  A parking ticket ,these days, range from $10 to $25. Are you willing to exchange that for the sake of 25 cents?

Gas Issues

So you have seen a gas station which sells gas at a lower rate than usual. The problem is, it is far from your house. In fact, it is outside the city. Most people think that it would be wiser to go there every day to avail of the cheaper gas. Do your computations. You will see that the amount of gas you have spent going to the station is more than the amount that you have saved.

These are some of the things that you should take note of. Keep in mind that you should not only be frugal, you should be wise as well.

About the Author:

Patrick is a finance and business blogger based in the Philippines. He is currently working as a part time contributor at Australian Grants Gov Portal, a Website about Australian government funding, funding and loans, Australian grants or community group.

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5 Keys To Being Frugal

5 Keys To Being Frugal

Being frugal involves making conscious and careful choices about where money is spent and how resources are used. A frugal lifestyle does not mean a life that is devoid of entertainment or good food. It does mean a lifestyle that does not deal in excesses. There are some very basic tenets that all people who live frugally follow in order to be successful.

Keep a Positive Attitude

One of the largest barriers that people face when attempting to live frugally is the sense of being deprived. Living frugally involves cutting back on spending and changing some lifestyle habits. These changes need to be framed mentally in the correct context in order to avoid creating a situation where a person feels as if frugal living is a punishment or hardship. Individuals who are able to keep a good attitude while cutting back on spending know exactly when to spend a little extra in order to remain happy. Balancing the things that make life enjoyable without spending too much can make frugal living very easy.

Create A Budget and Stick To It

The single most important action that can be taken to ensure a frugal lifestyle is to make a written budget. This is a list of all income and all expected costs over the course of a week or month. A budget provides a breakdown of exactly where all of the money in a household is going. Excessive and unnecessary spending can very quickly become apparent by studying a budget. It is also very important to follow a budget once it has been made. This means avoiding impulse purchases and working within the framework that has been established.

Reuse and Recycle

A large amount of money can be saved over the course of a year if some common items are reused or recycled. Shopping bags can be used as trash bags, empty water bottles can be refilled and torn old clothes can be used as rags for cleaning. Broken pieces of furniture or malfunctioning electronics can sometimes be repaired for less money than purchasing a new unit. It is important to look at every object before it is thrown in the trash to make certain that there is not another better use for it. At the same time, it is important to realize when a piece of cloth or an appliance has reached the point where it must be disposed of.

Look For Discounts

Shopping will remain an intrinsic part of living frugally no matter how many tricks are used to reduce consumption. A large percentage of retailers and e-commerce sites are almost always offering some type of discount. Finding these discounts can sometimes be a challenge but they are usually present somewhere. The cost of groceries can be reduced greatly through the use of coupons and by paying attention to in-store deals that could double or triple the value of each coupon.

Conserve Water and Energy

Electricity and water can be very large expenses each month. Conserving energy and water can help to reduce these bills. Electricity can be saved by keeping unneeded lights off, keeping thermostats away from extreme temperatures and upgrading appliances to more energy-efficient models whenever possible. Water conservation can mean taking a bath instead of a shower, using rainwater for a lawn or garden and fixing any leaking faucets in the home. These steps can help to free up money each month that can then be saved.

Rebecca Glasbergen is a business administrator and guest author at TopCollegesOnline.com and contributor to the guide to the most affordable online bachelors degrees.


Is the Low Cost of Fast Food Worth the Price?

Is the Low Cost of Fast Food Worth the Price?

The eternal debate over whether it’s cheaper to stay at home and prepare your own food versus going out to a restaurant does not appear to have lost any ground. In fact, the rise of online social networking usage among Americans has only managed to propagate the flames of discussion. Food and money are two of the most talked-about topics in the social media realm. People love to share their thoughts about the intersection of culinary and monetary topics.

General wisdom has always championed the art of saving money by staying home. The rationale behind this belief mostly applies to Western nations where free market philosophies and capitalism have taken root. It makes sense to think this way since it can be assumed that, as a business enterprise, a restaurant solely exists to make money by luring hungry people out of their homes. A family of four can stay home and enjoy a lovingly prepared pasta dinner instead of heading out to Luigi’s. In this case, Luigi has clearly not made any money from that family, but it doesn’t mean the family has not spent any money at all.

A tenet shared by many restaurateurs is that, in order to break even, a menu must price its meals items at least 300 percent higher than the cost of acquiring the recipe ingredients. That means that if a pasta dinner for four at Luigi’s is priced at $32, Chef Luigi must have spent less than $10 on ingredients if he stands to make any profit. We know that Chef Luigi buys bulk ingredients from distributors, therefore, he gets much better prices than a family shopping for groceries at a supermarket.

Surely a family can buy enough ingredients to prepare pasta for four under $32, thus tilting the scale of the argument in favor of staying home, but this doesn’t take into account several aspects of cooking at home. Just like Chef Luigi has overhead expenses to worry about, so does the family cooking at home. There are energy costs to consider, like driving to the grocery store and powering the electric or gas stove. Then there is the cost of maintaining the kitchen, which is basically tantamount to maintaining an adequate roof over the head of the family. Is it then really cheaper to stay at home and cook?

A large social media contingent likes to point out that major fast-food chains are able to keep some of their menu items on sale for less than one dollar, while there aren’t too many items that can be purchased at the supermarket for under a dollar. This contingent explains that mindset: Instead of staying home or going to Luigi’s, a family could save a lot by going to their local fast-food franchise. Unfortunately, fast foods are rarely healthy alternatives, however.

High food and energy prices tend to affect families more than established businesses like Luigi’s. Giant fast-food chains are more adept at doing business than Chef Luigi. But for all the corporate moxie that fast-food conglomerates practice, they can’t beat the cheerful experience of sitting down with family to enjoy a home-cooked dinner.


Five Tips for Avoiding Consumer Debt in College

Five Tips for Avoiding Consumer Debt in College

Although some people are able to fund college entirely with their own money and grants, most people graduate with at least a little student debt. Paying off student loans can take years and set you back financially when you enter the workforce. You don’t want to compound the problem by adding consumer debt to the mix. Credit cards have high interest rates and can easily seduce shoppers into living beyond their means, causing major financial strain. Here are a few tips for getting through college without relying on credit:

1. Understand how interest works.

It’s hard to appreciate just how ruinous credit card debt can be without knowing how interest is compounded. Take some time to learn about credit cards and see how the interest can quickly multiply a purchase beyond its original price. Seeing actual figures will really help to put things in perspective.

2. Make a budget.

Tracking all of your expenses might not sound like much fun, but it’s the first step to taking control of your spending. Don’t think of it as a way to limit yourself; think of it as a way to make sure you can afford the things you really want. Write down all of your expenses and set limits for how much you will spend in a given month on certain categories. When you reach your limit, you have to stop spending or take the money from another category. This way you’re sure to only spend the money that you have without borrowing.

3. Use layaway.

Instead of financing purchases, save up for them or use layaway programs whenever possible. By saving up for a purchase a little bit at a time, you can be sure you’re not paying more than you need to for expensive interest rates or hidden fees. You can also save money by buying used goods or finding low-price alternatives to expensive brand names.

4. If you do get a credit card, make it a good one.

You may never get as many offers for credit as you do in college. Take advantage of the variety by choosing a credit card with a low interest rate, reasonable spending limit and no annual fees. Maintaining this one single line of credit will help improve your credit score and make it easier for you to get a car loan or mortgage later.

If you are still strapped for cash after attempting the aforementioned tips, then it is time to consider online school. Web-based colleges allow you to not only learn on your own time, but also to save a significant amount of money on room and board, travel, supplies, and sometimes even tuition. Most brick and mortar universities allow online credits to go toward their degree, so it can’t hurt to see if this option will work for you. Requesting more information is free and it can make the difference between a successful career and crippling debt, so don’t hesitate to look into it.
5. Always pay off your balance.

If you have a credit card, be sure to pay off the balance of your purchases every month instead of carrying a running balance on the card. This will keep interest prices down and looks great on your credit score.
Credit card companies frequently target college students with appealing offers, and it can be hard to resist apparently free money when you’re a struggling student. Don’t allow yourself to be lulled into accepting all the credit card offers you receive, though. By learning to live within your means in college, you make the first step toward financial freedom for the rest of your life.


Do You Need to Make a Financial Change?

Do You Need to Make a Financial Change?

Do you feel like you need to make changes? Is your budget just not working out? You might not feel comfortable with your income and expenses, or be unsure how to approach money. If you need a change, here are some questions that can help you get on track and find your way.

Where Am I?

Evaluating where you currently stand is essential before any other financial steps that you are considering. Even on a small scale, this is true; how would you compare car insurance rates without first evaluating what type of car insurance you need? Take the following points to get you started:

  • What is your debt situation? Take a look at your debt-to-income ratio, how your debt is spread out (i.e. in credit cards or personal loans, at a variety of interest rates?), and so forth.
  • Consider your savings goals. Do you have certain financial goals that you wish to meet? Are you on target to meet them?
  • How do you organize everything? Do you have an efficient system for keeping your budget, accounts, and important documents in order?

Note that some ways to improve your finances are complementary to one another. In the last point above, simply changing the way you budget can help you get more organized, and in turn produce financial results.

What Do I Do First?

Rome wasn’t built in a day. While it might take time to conquer debt and get a truly comfortable hold on your finances, there are always ways to take small steps to your goals.There is one tip that doesn’t involve anything special: it begins with your budget. Once you start devising your budget, take a step-by-step look at your finances and where there is opportunity to save money. By keeping up to date with your insurance options, credit card choices, and your general living expenses, you can take a systematic approach to managing your money.

Look at your familiar problem areas, and also any that you haven’t addressed in some time. If you haven’t, for instance, taken the time to compare car insurance rates in the past –or just haven’t done it recently– then perhaps there’s an opportunity to find a lower premium if you look around. From saving to investing money, you might be able to identify relatively simple ways to help right your financial ship, so to speak.

“Can I Do That Myself?”

Yes, you usually can! It’s often a matter of motivation. There are some poor personal finance habits that are caused by a lack of financial know-how. Maybe disorganization and a poor memory are to blame, in part or in full, for other financial woes. Both these problems can be remedied if you apply yourself to picking up the skills you need. Consistency and motivation make up one of the most important dynamic tandems in personal finance. Keeping yourself on track and moving forward is very important for success.

Spend some time on a complete overhaul of your finances. Look at ways to save money, get out of debt, and make your money work for you with term deposits or other savings and investments. At the end of the day, your success will come down to organization and execution. You need to stay motivated and consistent, and simply keep working toward your goals one step at a time.

What will it take to improve your finances? Whether you think you need an extra job, or just a tweak to your budgeting methods, what needs to change? Start asking yourself some financial questions to figure out your way forward.

Citations:

This article is by personal finance blogger Brian Neese, who shares his car insurance comparison tips and term deposit rates updates online to help ordinary people save and make money.


7 iPhone Apps for the Frugal Mom

7 iPhone Apps for the Frugal Mom

As if moms today aren’t busy enough raising kids, working full time jobs, taking care of the household, and committing to countless other obligations, we are often responsible for managing family finances. If you’re anything like me, you make it a personal mission to provide everything your loving family needs while spending the absolute minimum.

You probably cut corners by not treating yourself to clothing and accessories, buying secondhand items, and never even touching an item that isn’t boasting a sale tag. There are so many ways to save money today, but it often requires a lot of time and motivation–luxuries we aren’t often afforded. Thankfully, there are several new apps for the iPhone that will make saving money fun, easy, and quite possibly addictive.

Bill Tracker

This app lets you input all of your monthly bills to help keep track of outgoing funds. It will remind you of upcoming due dates, and you can easily keep track of all your bills in one convenient place. You never have an excuse for late payments again, and you will save so much by eliminating late fees.

Mint.com Personal Finance

Manage all aspects of your financial life with Mint.com’s app. Get easy access to all of your checking, savings or credit card accounts. This app will even categorize your transactions, and create a personal budget for you, based on your spending habits. It does require a PIN number, so users don’t have to worry about financial confidentiality.

Save Benjis

This app is a bargain shoppers dream, saving you time as well as money. With its built-in bar scanner technology, it will scan any item you are looking at in the store, and then give you all available internet prices for the same item. If you find a better bargain, you can purchase the item right from your phone, and rest assured that you got the best possible deal around.

Yard Sale Mapper

Forget sifting through the weekly paper with your highlighter, marking all upcoming yard sales, and then carefully mapping your routes on that worn, city map you got when you moved in. This app gleans information from Craigslist.org and YardSaleTreasureMap.com to highlight all of the best sales in your designated area.

Gas Buddy

Count the number of times you’ve filled up your tank with gas, and then cursed as you drove around the corner to find gas three cents cheaper. The Gas Buddy app will have you tallying up the savings, because it uses GPS technology to find the cheapest gas in your current location. It will also provide a map to get you there quickly and easily.

Rue La La

When you want to splurge on clothing and accessories for yourself without the guilt, Rue La La saves the day by giving you access to all the latest sales, deals, and steals. It will even notify you of upcoming sales events, so you can be sure to get the best price on that item you’ve had your eye on for months.

My Supermarket

Spend less on necessary grocery items by using the My Supermarket app. The app turns your phone into a bar scanner, and will give you a list of prices on the same item in different locations. You can also use the app in conjunction with Tesco Price Checker. If you find an item cheaper than what the app found, Tesco offers a refund in the amount double the difference in prices.

Jessica Bosari manages the money-saving site, Billeater.com, where you can find answers to your questions about free money for bills, saving money on home phone bills, getting discount theater tickets and more.


The Festival of Frugality #321 Reviews

In order to save enough money it is important to practice frugal living. It is always good to save some extra bucks in order to prepare for emergency situations. Frugal living has other advantages too. You will be surprised to know how many innovative ways are there to manage your finances and earn some extra bucks. Read on to know this week’s Festival of Frugality hosted by the Financewand.

Kevin presents What Are You Doing to Turn Your Discomfort into Action? Posted at Invest It Wisely. Here it he has discussed in details about how you can feel social discomfort when you are in debt and lose out on peace of mind. The article also enlightens the readers about how to find out the source of your discomfort and get over with it.

Marissa presents Learning to invest posted at Thirty Six Months . Here she discusses about how you should invest and ways in which you can make your stock investment successful. You will also get to know how you should figure out your financial situation before you venture out into investment field.

Miss T presents Finding Your Dream Job and How to Land it posted at Prairie Ecothrifter . In this post she discusses about how you can find out what your dream job is and what kind of training or skills would be required in order to pursue it. The catch to the story is that you are even provided with solution as to what you can do if you find you don’t have the required qualifications for your dream job.

LHV presents January Progress Monitoring posted at Little House in the Valley. The post is about how the author makes a number of New Year’s resolution such as driving a bike at a certain speed and also saving money and keeps them. In the end the result of the attempts are also evaluated.

Aaron presents The Golden Rules of Sales Networking posted at Aaron Hung.com. He provides you with a few pointers on how to expand and increase contacts in a sales job after you have established them. This is necessary to succeed in a sales job.

YFS presents 5 Financial Tips I Learned From Watching MTV’s The Jersey Shore posted at Your Finances Simplified. As the name suggests, this post is about the things you should do in order to hike up your finances and increase your income.

Kylie presents Day 1 Setting a Budget posted at Kylie Ofiu. Here she discusses in details about how you can set your budget in a manner so as to minimize your costs.

Frugal Toad presents How to Acquire Business Financing with Bad Credit posted at The Frugal Toad. Here you will get to know the ways in which you can get capital for your business even if you have bad credit. This is important as most of the times you can’t get a loan with a bad credit on your account.


5 Ways to Be Frugal

5 Ways to Be Frugal

Being frugal does not imply that you are cheap, selfish or mean. You are only being frugal because you are trying to save for something specific or clear a certain bill. To stay focused, you have to write all your goals down and know what you want to achieve. Through a lot of commitment, you will be in a good position to meet all your goals.

1. How To Be Frugal
First of all, you should calculate the amount of all the cash that you have on hand, and how often you will receive more cash. Once you finish, you need to compile a list of all the things that you need. Then, go through it again to confirm that all of these things are actually necessities. Once you have made the confirmation, it is advisable that you start calculating the cost of the different commodities that you have listed. This way, you will know the amount of cash that you have to spend every month.

2. Start Shopping!

Look for stores that have free samples and discounts. The free samples will come in handy, and you will not have to spend a single cent on these items. By searching and asking around, you will be able to find different places where you can be given different kinds of samples. The best place that you can go to is online. Once you have subscribed to various listservs and emails (if you don’t want your email full of junk, open an account just for this), all the items will be sent to you through your mail. To keep getting the deals, you’ll have to renew the subscription.

3. Go Green!
Use energy-saving equipment. These include solar panels and energy-saving bulbs. When using a panel, you won’t have to make any electricity payments. This is because you will be getting your energy from the sun! Just.make sure that it has been installed in a place where it can be fully exposed to the sun.

4. Medicinal Cures

When buying medication, you will notice that the brand-name items are more expensive than the generic brands. If you are really trying as much as you can to use less cash every day, you should really purchase the generic medicine. They are effective, and so long as you follow the instructions carefully, you will be able to heal all the same.

5. Bonus Tip
To really be frugal, invest the cash you have saved on a lucrative project, some promising stocks or at least a good savings account. This way, you will be making more cash at the end of the day. After you’ve worked hard enough, you can finally reap the rewards!

Taylor Levine writes about frugality, travels extensively and frequents Homeownersinsurance.org.


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