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From Frugal to Free
Frugal adventures on the road to financial freedom.

Author: Chisom Umeh

  • Personal Finance

15 Financial Decisions You Can’t Afford to Regret Later

Posted on February 14, 2024February 13, 2024by Chisom Umeh

Many decisions that will affect our lives in the future are tied to our finances. The decisions we make concerning our money now will go a long way to shape our future spending power, which remains a fact, no matter how we want to look at it. It’ll be easier for us to accept this […]

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  • Personal Finance

15 Financial Decisions You’ll Definitely Regret Later

Posted on January 1, 2024December 31, 2023by Chisom Umeh
Woman sitting alone sad

Many decisions that will affect our lives in the future are tied to our finances. The decisions we make concerning our money now will go a long way to shape our future spending power, which remains a fact, no matter how we want to look at it. It’ll be easier for us to accept this […]

Read More

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Frugal’s Financial Guidelines

Start with these simple guidelines to save money and invest in your future:

  1. Write down own the top three reasons you want to save money. Post it as a reminder to keep on track with your goals.
  2. Learn to budget. Then do it, diligently.
  3. Cut costs. Reduce spending by 10% across all categories.
  4. Direct deposit 10% of every paycheck directly into savings. Build up an emergency savings fun with a minimum of $1000. Aim for six months of living expenses.
  5. Maximize retirement savings. Contribute as much as you can, especially if you have an employer-matching plan.
  6. Begin investing in small ways. Use apps to begin investing with just a tiny amount of money. Learn how it works.
  7. Build credit wisely. Use a credit card for monthly expenses. Pay it off on time every month.
  8. Learn to communicate about money. With everyone. The better you get at talking about money, the more you’ll set yourself up for financial success in all areas of your life.
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