Frugal means prioritising whats more important to you and cutting back on those that aren’t. You want to cut back on a few expenses to free up some money for more important things such as debt payoff or vacations and experiences that make you happy.
Here are a few tips on how to live a frugal life
If you are spending an average of $10 for lunch five times a week, you can end up spending $2,400 annually on lunches alone. Try brown-bagging your lunch to save at least $1500 per year! While making your lunches at home may require extra time and effort on your part, there are meals such as pasta and soups that you can make in big batches over the weekend. Meal prepping over the weekend can help you save time (and money!) during the workweek.
There might be some store-brand items that you just don’t want to purchase and that’s okay! But there are also lots of items, such as cleaning products, detergent, toothpaste, pasta, seasoning, and diapers, that are just as good as their name-brand equivalents but are cheaper. Be smart when shopping and get the value!
Purchase Second-Hand Items
You don’t have to buy everything new. You can get deeply discounted finds at second-hand stores! These stores, also called consignment stores or vintage stores, sell used fashion items, furniture, book and more at great deals.
You don’t always have to spend a lot of money on renovations. Instead of spending hundreds or thousands of dollars to replace your flooring or bathroom tiles, perhaps all you need is a fresh coat of paint to refresh and brighten your space.
Lost-cost improvements that you can make yourself can save you a lot of money while also maintaining or increasing the value of your home.
Learn Ways to Save Energy
Cleaning your AC filters on a regular basis, utilising LED lighting, batch cooking to limit the use of your stove/oven, and sun drying clothing instead of using the dryer are just a few of the ways to save money.
Even something as easy as going for a daily walk outside your house can not only make you feel better and stronger, but it will also lessen the need to use the air conditioner and other equipment.
Pay yourself first and automate it. I believe this is one of the easiest and best frugal living tips to help you quickly build your savings and eliminate the temptation of spending the money elsewhere. It really doesn’t matter how much you save per month. Just set aside any amount and before you know it, it will add up quickly.