Frugal Living Ideas and Tips
How to Save Money and Live Well
Why consider the idea of frugal living? For millions of people, the ultimate goal in life is to live "the dream" – owning a home, driving a nice car, and having a college fund set aside for each of their children.
While there is nothing wrong in striving for the fulfillment of this dream, some individuals try to hurry it up. Before they know it, they are paying a mortgage they can't afford or driving cars they don’t really need.
In other words, they are living beyond their means. Instead of achieving
the dream, they end up living a financial nightmare.
To avoid finding yourself
in this same situation, here are some things you can do save money today without sacrificing your overall lifestyle.
Ideas for Living Frugally
- Prepare your meals. Eating at fancy restaurants is a nice
occasional treat but if you eat out too often, it can definitely burn a hole in
- Learn smart ways of grocery shopping. Plan your meals
around fruits and vegetables that are in season and are less expensive, and
take advantage of sales and coupons.
- Buy clothes that are easy to mix and match. You can
invest good money on a few pricey pieces but make sure they can be worn in more
ways than one. This can save you a lot compared to buying clothes you can only
wear a few times in your lifetime.
- Refrain from buying branded items. Not only are they a
needless added expense, but you are teaching your children false values when
you are brand conscious.
- Drive a sensible rather than a flashy vehicle. A car is a
means of transportation, not something to impress people who couldn't care less
if you go bankrupt because you can't make your monthly car payments.
- Encourage your children to earn their keep. Have
your older children to take on after-school jobs to pay for their
"wants" or luxuries. Award the younger ones with some change for doing
- Enjoy inexpensive family outings. The important thing is
being able to spend time with the family. You can have just as much fun playing
ball with your kids at the park as you would on a cruise that will cost you an
arm and a leg.
entire family on the same page when it comes to finances and reasons for frugal living. Each family
member should also know his spending limit.
For more money-saving tips, please see the article links below.
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