The word "frugality" has left a more negative
connotation for most people than simply being a saver, a cheapskate or
tightwad. There is a thin line difference to saving and too much frugality to
the point of being awkward and ridiculous. This is where the negative
connotation comes from.
But if you are guided with the right principles and reasons
in deciding to live a frugal life, you would never go wrong.
If you have decided to live frugally, no need to be worried
of insults. Keep your head up high. And
keep your focus through these tips.
1. Eating Out - Having gimmicks with friends on a Friday
night is fine if you do it once in a while. But this can be expensive if you
add them up at the end of the month.
2. Clothing - Naturally, if you are the kind of person who
adores signature and designer clothes, do not expect that there will be
something left of your take home pay. Instead of being trendy, wear clothes
that can easily be matched with your other clothes.
3. Own Home - If you are planning to move out and find a
place to settle, do not be overwhelmed by the excitement, instead be practical.
As a start, buy a smaller house or try other ways like rent-to-own,
do-it-yourself arrangements, and owner financing.
4. Buying Your Own Car - Shy away from sports cars or SUVs.
Just stick to your purpose of buying a car which is to transport you anywhere
you need to go. Check out also program cars like a new car warranty. Maybe this
is not just the best time to replace your car with a new one.
5. Shopping for Groceries - As much as possible do not go
with items that are branded. Choose non-brands and try looking for items on the
highest or lowest shelves for best prices. Grab the opportunity and shop during
sales or use coupons.
6. Family Out - There are inexpensive ways to bond with your
family and be entertained like going to libraries, local parks, malling,
picnics, visit friends and local church.
7. Buying School Supplies - Stock school supplies at home
and do not buy anything fancy.
8. Be contented with what you have and try to live within
what you earn.
9. Plan your Child's College Education - Teach them the ways
to be independent and self-supporting by encouraging them to apply for
scholarships and "on campus jobs".
10. Be Aware of your Financial Limitations
11. Anticipate your Failures by Planning - Have always a
budget plan so you would avoid impulsive buying.
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