OK I have read everywhere that people all of a sudden think it’s cool to be frugal. What they do not know is that many people have been living the frugal life for a long time. I understand why those individuals are finally taking a different perspective with money management, because of the current state of the economy. Basically we are on the cliff and about to enter another recession in addition to experiencing high unemployment. This has inevitably sparked a changed in peoples way of thinking. But for me I have always been frugal and I am here to share with you a few of my cool frugal tips to saving those dimes, nickels, and pennies.
Frugal Tips:
- Eating out as less as possible.
- Combine errands in two or more stops when you have to drive.
- Search for online discount codes for those necessary purchases, like shoes or clothes.
- Avoid upgrading your cell phone every two years, just switch companies to save dollars.
- Eat less processed food at home, learn how to make things from scratch.
- Always get more than 1 price Quote for service repairs.
- If you buy a grocery product often, buy it in bulk size and pay wholesale price.*
- Save up for large purchases, but if you get 0% financing, take it and save the money.
- Getting together with family/ friends have a potluck dinner gathering.
Definition of Frugal: prudently saving or sparing; not wasteful.
These are some of the many ways you can save a few dollars. If you just stop and ask yourself a simple question before any financially related task; what alternative way can I do this while saving some dollars? This is what many people who are well off do, but the secret is they will never show it publicly. Once you master this sort of thinking you can do it subconsciously and be as efficient as possible. I believe using frugal tips is not being cheap, but rather being smart money wise. I think the definition should be, how a person finds alternative ways to master watching your money. This is what I want you to do so that you can spend the majority of your dollars on investing opportunities and living life.
RichUncle EL
*Be mindful of expiration dates when buying in bulk.
