8 Tips for Being Frugal and Creating a Better Financial Situation
There may come a time in life when you look at your financial situation and realize that things are not quite working out like you want. If this is you, or you want to avoid that situation, these are some quick tips to help you get back on track quickly and effectively. You have to just sometimes make those decisions no matter if it is difficult or not. Being frugal in your living is very wise.
1. Get on an Envelope Budget. This is simple but incredibly effective. Get some blank envelopes and a pencil. Label each envelope with things you need to buy or pay for monthly. You can have a couple envelopes for extras like for going out and having fun if you can afford that. Put your allotted amount of money into each envelope, and when the money is gone, don't use anymore until there is money in it again. No borrowing from other envelopes unless there is an emergency, and no credit card use. You may be amazed at how little you can actually live on. The money you will save will surprise you. Get creative when your money runs out, it can be a challenge and very fun.
2. Use your credit cards very responsibly or better yet, not at all. If you can go without using your credit card, that is the best option. Don't fall for tempting credit card offers.
3. Use only cash, and this is in line with the #1 option. Some may not like the envelope system, and if not this ought to still apply. Use cash only, and only when necessary.
4. If you must use a card, use debit card instead of a credit card. You will still have your "plastic" and any benefits that come with the card. This money is deducted from an account so it "acts" more like cash. When it is gone, then it is gone.
More tips to be more frugal.
5. Save your extra change, even pennies. We have all seen those large water bottles filled with coins, or some such container. Whether an actual piggy bank or some other can or jar, fill it up with spare change from your pocket at the end of a day. When you go to your bank, ask them on occasion for the paper coin rolls so that you can roll them every so often. Use this money to pay off debt or do something really fun and special. Sometimes its great at Christmas when you want to get gifts but don't know where the money will come from.
6. Get rid of your land line for phone use. Just use a cell phone as an option like many others are doing. I don't like doing this, but we saved money by getting rid of our land line phone since we all have cell phones anyway. It was hardly used, but we paid for it anyway. Just an option to think about. I think its sometimes a safety feature that some don't want to lose, which seems wise.
7. Opt to heat up more food in the microwave, over eating out or cooking big meals over a hot stove for a long time. Don't forget about the microwave and easy food that you can cook up quickly.
8. Research what you can do for free in your area and the surrounding vicinity. You will be able to enjoy new things perhaps and nature more just by researching what is available. Often gardens or museums have a free day you can go to them for people in the area. Skip the fees by planning ahead.