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

Author: Tim Thomas

  • Personal Finance

15 Costly Financial Traps You Might Not See Coming

Posted on February 21, 2024February 21, 2024by Tim Thomas

Managing your finances is no easy feat. Yet, you must catch yourself making mistakes as early as possible. Otherwise, you’ll be headed for money mishaps. Some of your unproductive habits may be a warning sign for impending financial doom. #1. Means To an End The last thing you want to do is spend money you […]

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  • Personal Finance
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24 Creative Side Hustles for Supplementing Your Income

Posted on January 11, 2024January 11, 2024by Tim Thomas
Person looking at jewlery.

Having multiple income streams is your best bet at making some extra cash. Thankfully, countless innovative options exist to make some quick buck while retaining your day job to pay the bills. From e-commerce to freelancing, there’s something for everyone. 1. Package Delivery People who have access to a vehicle can turn their spare time […]

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  • Retirement

24 Money Mistakes That Can Ruin Your Retirement Plans

Posted on January 11, 2024January 10, 2024by Tim Thomas
Senior Employee Leaving Work

As retirement comes closer and closer, you might start to let loose because you feel like you paid your corporate fees, and it’s almost time to sit back and enjoy the fruit of your labor. However, it is essential to err on the side of caution because you can make some grave mistakes that will […]

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  • Frugal Tips

15 Hidden Dangers of Ultra-Cheap Travel Deals

Posted on January 9, 2024January 9, 2024by Tim Thomas
Woman booking travel tickets

The allure of ultra-cheap travel deals can be hard to turn down, but beneath the façade of less money for more value while on the move, hidden dangers can swiftly turn your dream vacation into a seething nightmare. Other than the subpar service deliveries you can expect from too-cheap-to-be-true travel deals gone wrong, some make […]

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  • Personal Finance

15 Red Flags That You’re Headed for Financial Disaster

Posted on January 4, 2024January 4, 2024by Tim Thomas

Managing your finances is no easy feat. Yet, you must catch yourself making mistakes as early as possible. Otherwise, you’ll be headed for money mishaps. Some of your unproductive habits may be a warning sign for impending financial doom. 1. Means To an End The last thing you want to do is spend money you […]

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  • travel tips

20 Tips for Budget Travelers That Often Go Ignored

Posted on January 1, 2024December 30, 2023by Tim Thomas
Two friends.

Budget travel is a challenging feat. You have to put on your researcher hat and narrow your options to the best ones. With skillful planning and prioritization, traveling on a budget is both possible and enjoyable. 1. Plan Extensively The more information you acquire before starting a trip, the better. When researching destinations, look for […]

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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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