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

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  • Personal Finance

Frugal Living vs Social Life: Do I Have To Choose?

Posted on February 16, 2015by Kara

The longer I go with debt payoff being my numero uno priority, the more I notice that my lifestyle and financial priorities are not the same as my friends and general peer group. Some of this is, I believe, due to living in Austin. Austin is a young town where lots of people are either […]

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  • Personal Finance

Smart or Dumb: The Decision Is In!

Posted on January 28, 2015by Kara

Yesterday I pulled the trigger on my first financial Smart or Dumb decision. Was I going to take a trip to San Diego in May with my best friends from home, incurring some major expenses along the way? Or was I going to save that money and continue with my debt pay off plan and […]

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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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