- Personal Finance»
- Frugal Living
How to Tips on Starting to Live Frugally and Save Money
- Save Money By Simply Asking
Save Money By Simply Asking I enjoy writing about and discovering the myriad of ways to save money, but what about one of the easiest ways, just asking? I am sure anyone who is looking for ways to save money has heard this. Some may call it...
- Financial Rules and Tricks Saving you Money
Through the magic of math, and many experts advice, there are some common “rules of thumb” I wanted to pass your way along with a couple easy to use tips for your everyday life. Enjoy! Rule of 25- This rule is used to demonstrate how much...
- Save Money Organizing Your Bank Accounts
How to save money organizing your bank accounts, yes more than one! Having worked at a couple banks, I experienced on a daily basis customers having their accounts hacked and abused without authorization, accounts freezing due to sudden odd...
- Our Treasures and Our Heart
No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and money. Matthew 6:19-24 Many of us have a distorted view on what we find important....
The first step is making the decision. Living within your means, spending less than you make, and looking for ways to cut costs and save money is a choice. It is a daily decision. how far you want to take it is up to you. Below are some general pointers when making the decision to start a frugal lifestyle and save money.
- Start methodically, slowly and constantly. Do not radically change your life the first day. Start slow and have a plan. Maybe you decide to make one change each week. If you change too fast it often becomes hard to stick to it as habits take time to form. Be consistent. Make one change a week and stick to all of them. Have rules and guidelines to keep yourself or family in check, and have certain things that do not stick to your frugal changes. Maybe you still go see a movie once a month and get popcorn, pop, nachos and a slushy. This theory acts as your cheat, or your escape, which we all need.
-Have a long term outlook. If you save $0.50 on a tank of gas with a coupon that can only be used on a certain day it is easy to think that is not very much, and not worth it, so why bother with the hassle of cutting the coupon and only getting gas on a certain day to get the savings. But if you add that savings over the course of a year, it is more significant. You need to have the mindset that you are not giving up something good for something not as good, but you are giving up something good for something better later.
-When making the decision to live frugally, do not spend a lot of money getting there. If you decide to stop buying bottled water, which you can get a case of 36 for about $3, and instead you buy a $25 reusable water bottle to fill up and use, it will take a long time to break even and begin saving money. Find ways to aid your frugality that do not cost you anything or very little, and again, do so over time.
-Use others as a resource. Tell your friends and family members of your goals and reason for the change. Give them permission to hold you accountable. See if there are things they can help you with that will save you money. Maybe a sister works part time and is willing to watch your children for a couple hours a few times a week so you can save money on daycare. Maybe a friend got a free reusable water bottle from their work that they do not use and you can have.
These are only a few tips to help get you started on your decision to save money and live within your means. Do you have any other tips?