- Personal Finance
Gain Debt Relief with Frugal Living
Credit card debt relief can be accomplished with a just few years of frugal living. And that doesn't mean starving yourself or never buying shoes again, it means making changes to your spending habits and allocating where your money goes by following a budget. Anyone in debt has areas they will need to cut back on and the following are some examples of common ones where people tend to overspend.
Eating Out vs Cooking at Home
Many families spend hundreds of dollars each month eating out at fast food restaurants. Not only is this wasting money that could go towards debt relief, it is physically bad for you - not enough good nutrition. The main excuse for this is 'not enough time' and that is just not true for anyone.
It takes less than an hour to plan a menu and make up a grocery list. Also, meals can be made ahead of time so that getting dinner on the table is a snap when crunched for time. You'll be getting better nutrition and spending your money wisely. This doesn't mean you can never eat out again, just do it now and then. It'll give you something to look forward to.
If you have a somewhat compulsive personality, using grocery coupons to save even more cash might be something to look into. I say compulsive, because for this to work, it takes dedicated effort consistently for a long time to see any real results, so it's not for everyone.
To learn about collecting and using coupons properly to optimal savings, a good book to read is: "The Coupon Mom's Guide to Cutting Your Grocery Bill in Half" by Stephanie Nelson. There are usually about 10 copies in any used bookstore.
Book Buying and Movie Going
Do you buy books new? Try getting them from a used books store, or at the library. If you have an e-reader like the Kindle, there are many digital books you can get for under $5.
Are you in debt and still going to the movies? This is obviously an area where you can cut back and save thousands of dollars over time for debt relief. Get movies from Netflix or Redbox instead, at least until you are debt free.
Think of more ways to save in your own life by thinking of what you could do without, or at least cut back on. Keep the desired goal of debt relief in mind always and you'll realize that just a few short years of frugal living is worth the struggle.