Living a frugal lifestyle is great if you’re short on cash or you just want to save a little more. However, many people worry that by living a frugal lifestyle, they’ll miss out on things. This isn’t the case! This post will help you to live a more frugal lifestyle without missing out:
Set A Budget
You can’t expect to live a more frugal life if you don’t set yourself a budget. You should know what you have coming in, what goes out every week/month, and what you have left over. With this you can set a budget for certain things, like your food shopping and your clothing. By shopping at places that are a little cheaper, like Aldi for instance, you’ll make the most of your budget.
Track Your Spending
Make sure that whatever you do, you track your spending properly. Even if you just buy a coffee, track it. You can use an app for this, or even just write it in the notes of your smartphone. The important thing is that you get a realistic idea of where your money goes and how much you spend. You can then adjust accordingly. More often than not, you’ll find that you buy things that don’t make a huge difference to your life, and that they really add up.
Use Coupon Codes
Whenever you shop, make sure you use coupon codes. Shop with physical retailers that have deals on and offer discounts to loyal customers, such as loyalty cards. Always search for discount codes when shopping online too. More often than not, you’ll find something you can use.
Go Second Hand Shopping
There are certain things where buying second hand is best. For example, buying a used car is better than buying new. As soon as you buy a new car, it depreciates in value. You can buy second hand clothes, second hand laptops, and so much more. Some things are refurbished, and some things have a little character. Embrace it! You’ll save so much money and get the same product.
Know Your Wants/Needs
Know the difference between a want and a need. If you just want something, try to wait at least a few weeks before buying it. More often than not, the urge to buy it will pass and you’ll have more money.
Develop Healthy Habits and Find Inner Happiness
Healthy habits will help you to stop overspending when you’re bored, sad, lonely, etc. Finding inner happiness is the key to a fully lived life. People think they’ll be happier with money, but there’s no evidence to show that rich people are any happier inside than people with less money. A sports car, a yacht, and a huge TV might be nice at first, but the novelty wears off. Then you’re looking for the next best thing to make you happy. Really, you’re not missing out at all. Why not start gardening? Power walking? Knitting? Do things that really fulfill you and give you joy. You don’t need to spend money!
Try A Little DIY
Instead of paying a handyman to fix minor repairs around the home, use a tutorial and try a little DIY. Just make sure you don’t make things worse!
Come back soon!
*This post was contributed. Family friendly posts are welcome.