Living frugally, is a great way to pay of debts and save money as well. Not that you have to endure a cheap lifestyle, but it is about making right choices and even then enjoy the good things in life. By adopting a combination of curb in spending and cutting your expenses, you can actually achieve the frugal mantra of spending less and earning more, by following these ten easy steps
Make use of one car. If you consider insurance, fuel, maintenance, parking etc the costs can add up in no time at all. Using a car and owning one can make a difference of an astonishing 80%. If your workplace is near, consider walking or going on a cycle.
If you really want to save money, try staying in a smaller place out of town, rather than in your plush four bedroom house. Not only you will stay equally comfortably, you will save a huge amount of money every year as well.
An average person hardly spends a great amount of time watching television. Then there are some who hardly watch anything at all given the time constraints. In reality, time spent in front of TV not only stops you from doing something more productive, it robs family unison as well.
By canceling newspaper and magazine subscriptions, one can save money and still enjoy the benefits by accessing them online. Cut smoking, limit alcohol and other fancy products and watch your savings grow every month.
If you are heading for a movie, eat before you go. You will be surprised how much you save on the expensive eats provided there. If you plan to eat out, go for lunch instead of dinner. Lunchtime menus are much cheaper than the night counterparts.
Go without meat
Meat products prices increase year after year regardless of other commodities. By including a large number of vegetarian meals, you can still have a ball at a fraction of the price that the meat dish would have cost. There are endless offers on the internet for the same.
Most supermarkets and grocery stores come up with sales at some point of time. If these include items which are non perishable, just stock up as many as you can. Not only you save money, the full stock in the house will prevent you from ordering food from outside.
Avoid credit cards
Credit card purchases are easily made but paid very difficulty. By adopting a cash based budget, you will refrain from making any unnecessary buy and keep your financial situation under control.
Instead of spending time in expensive spas, be a bit innovative and make use of cosmetology outlets. You can get all the haircuts, facials and other treatments at a fraction of the price.
Brown bag lunch
Instead of eating lunch outside or even having breakfast, try packing your dish the previous night and make your own morning tea and coffee. At the end of the year,you will be astonished at the money you have saved.
Frugal living is a necessity these days, because of soaring costs. Try calculating how frugal you are by entering your monthly expenses into a budget calculator that will decide if you are controlling your expenditure.