5 Best Frugal Living Tips You Should Know

You want to gain financial freedom, but you don’t know how you can cut back on your spending more than you have already had.  You are tired of living a life where you will earn handsomely from your Colorado business, but after a few days, you are left with nothing thanks to your lifestyle.

You want to get enough money to settle your bills, keep your children in school, and keep everyone in your household happy. But the main reason why you want to adopt frugal living is because you want to avoid overworking yourself for more money and have peace of mind.

But living frugally seems like a nightmare to you. You are trying all you can, but you still find yourself yearning for the best things in life such as the best garage store closets for your home business.

Outlined below are some frugal living tips that might help you in your quest:

 

  • Stay away from stores!

 

Some people will gladly say, “I love shopping!”

If you are tempted to think that shopping is a hobby, you are ill-advised. Honestly, shopping is a chore that demands your time and money!

Only go to the stores when you are in dire need of something. However, if you get in and out every time, you might find yourself buying things that you don’t need. You will spend money that you hadn’t planned for through impulse buying. This is a tip that can save you hundreds or even thousands of bucks every month.

 

  • Make it, instead of buying it!

 

If you can make a pizza at home, why should you buy it from a restaurant?

Some people believe that cooking eats up a lot of their private time, but this is far from the truth!

For example, cooking chicken takes about 20 minutes or so. Also, you can ‘customize’ homemade food and make it as sweet as you want.

By cooking your food, or knitting your clothes instead of taking them to the tailor, you will be saving a lot of money that you can use to do other critical things in your life.

 

  • Keep your credit card away

 

When you go shopping, it is advisable to use cash, other than swiping your credit card every time. With cash, you will be able to come up with a shopping list, and only pick what you need. However, when you decide to shop with your credit card, you will find yourself making impulse purchases; thus killing your monthly budget in seconds.

Simply put, running all your errands with cash at hand will eradicate the temptation of buying things just because they look appealing, and you will consequently save money as a result.

 

  • Choose sweat labor over convenience

 

If you have the time, do most things yourself and avoid the shortest ways around them which cost money. This is mostly the case when it comes to electricity, which forms the biggest part of your utility bills. Instead of using the automatic juicer or coffee machine, why not use the manual one you haven’t used in years? Why not sun-dry your laundry on the cloth line or drying racks, instead of using the drier? By doing this, your energy bill drastically drop.

 

  • Borrow or share instead of buying

 

Some people believe that they should be self-reliant. Therefore, you will find them buying something because they need it, while they would have simply borrowed or shared with someone.

For example, if you don’t have a foot pump for example, and you need to inflate your kids’ bicycles, why not borrow from your neighbors?

Whenever you borrow something, and it gets damaged for some reason, make sure it is fixed before returning it. Borrowing and sharing may sound insane to some, but it can save you a hefty investment.

With the above tips, there is no reason why you shouldn’t live an exciting frugal life. Best of luck!

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