How do you plan personal finance while maintaining frugal lifestyle?
It is not easy to maintain money management while living frugal. How do you manage money decisions without giving up on frugal lifestyle?
I make a chart and I record every time I spend money. From big supermarket purchases to buying a newspaper from a vendor. I find that helps me realize where my money is going, and what can be cut out.
Also, before making a purchase I always ask myself 'do I really need this?' Especially if it's something like a piece of clothing or something expensive. Is it something that I will use a lot? or not really? If it's something that I know I will use a lot, then I buy it as I see it as an investment. Otherwise, I normally don't bother with it.
By knowing where every penny goes. For example, the envelope method is rigid in where you are allowed to spend your money. When you're married, living frugal is more difficult because there are two of you and sometimes your husband doesn't always stick to the budget. He might come home with a hammock or new video game or spend double your food budget. When by yourself, it's much easier to manage your money.
by Wendy Iturrizaga 7 years ago
Happy Monday!!! Here we are, ready to start the last week of our financial month, and for the 4th week of the month we are going to be HubMobbing about an evergreen topic "Everyday Personal Finance Tips". Let's share our knowledge with readers all over the world to help...
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Hey y'all!I want to give you a heads up about January's Money Grows on Hubs contest - it's a contest in the Personal Finance category and is an EXCELLENT way to beef up on your Hubbing skills.The prizes:Staff Pick (28 winners): $50 & New York Times best seller I Will Teach You To Be Rich by...
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