Debt Consolidation Blog

Frugal living has become a very popular concept this past year. People are beginning to realize that the credit card crisis was mainly due to spending above our means.  For those of you that are new to frugal living, let’s go over some basic ideas.

       First, frugal living is not about going without.  It is simply being conscious of how you spend your money.  If you are going to spend it, spend it wisely.  Think of frugal living as stretching your money’s worth.

       Second, frugal living is not giving up all your extras.  It is chooses those extras that matter the most. If you are an avid movie lover, you still can enjoy your Friday night flick.  Just from  your living room instead of the theater.

       Let’s consider some very basic ways to start living more frugally:

       Food. This is probably the easiest way to stretch your dollar. Clip coupons and make a list when grocery shopping.  Pay attention to prices, you might even choose to shop at a cheaper store.  If you have the time, shop around for the best prices on your regular products. Cook your lunch at home and brown bag it to work.  Make a large meal and eat it throughout the week.  If you have a large family, plan out your meals a week in advance based on the deals at your local supermarket.

       Entertainment. Rent instead of going to the movies, use services like Netflix if you rent. As long as you actively use a service like Netflix, it is an amazing price saver. Other ideas for entertainment include having a couples night in.  Make a regular date night for couples you know.  Play fun games instead of hitting the town.  You will help your relationships while keeping your pocketbook full.

       Gas. Carpool, ride a bike, make a strategy about your errands.  Whatever keeps you in the car and spending gas the least is best.  If you need to go somewhere within walking distance, take a brisk walk instead of the car.  Your lungs, and the environment will thank you for it.

       Plan Ahead. Your car, your pets, your house all need yearly maintenance type items.  Plan ahead for things like flea control, a new car battery and the like.  You are going to buy them anyway, why not consider them early on and look for ways to save.  Research the best time of year to buy appliances, electronics or a new car.  Frugal living has been around for ages and there is plenty of information available for you.  Take advantage.

       Make it Yourself. The recipes and instructions are endless. Research online or at your local library how to make everything from your own cleaning products to furniture.

       The key to frugal living is to gain the support of those around you.  If you are a single person, find people in your neighborhood that are like minded.  If you are apart of a large family, grow a garden in the backyard.  Do whatever you can to incorporate frugal living into your everyday.  As you learn more and more about it, you will find the easier it becomes.  And remember, frugal living is not about going without.  It is about making the most of your money!

Articles on this site have been acquired from a variety of sources.  No content on this site should be considered financial or legal advice.

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