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

time or money

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Would You Rather Have More Time or Money?

Posted on October 19, 2018October 19, 2018by Kathryn Vercillo

You have just uncovered a lamp with a genie in it. However, instead of offering you three wishes, he says you only get one. In fact, you can only choose whether you want more time or money. Which one do you choose? Do you ask for more time to do all of the things you […]

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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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