We can all agree that managing our finances is not always easy. Sometimes we need a little reminder of what direction we are supposed to be heading. Sometimes we need a challenge or an idea of how we can be saving more money for a better financial future.
I like to think I grew up learning frugality. I am frugal, regardless of how I arrived here. Not I have arrived and know it all; I certainly do not know it all! But for lack of a better term, I’ve arrived at being cheap. Plain and simple. Regardless of being frugal or needing to learn it, I hope some of these tips will help you toward your next financial goal.
Don’t buy anything at the store that you can make cheaper at home. Now the list of things you can make at home for cheap is seemingly limitless, so you have to know your personal limits. I work full time and have chosen a rather busy lifestyle, so there are some things I need to buckle down and learn…when I have time. However, with our loose “no spending rule,” I’ve learned how to make homemade spray starch for clothes (no chemicals and about 5% of the cost for store bought? YES!) for starters and am excited to learn more! What can you make instead of buying?
Borrow instead of buying when possible. We don’t buy movies, games, or tools. We borrow. We have enough friends that these conveniences are readily available in a wide variety. Not only do tools and toys cost money, there’s maintenance too!
Don’t eat out. This is similar to #1, but it’s so important that it has to be reiterated and in a category all its own. Eating out is such a money sucker! It’s literally a moment of pleasure for double or triple the cost if you had bought the ingredients and made it yourself. Don’t let convenience win out. Plan your meals ahead of time, so you don’t have to wonder about dinner when you’re already famished. For the occasional times your spouse is treating you, even if it’s an anniversary, check Retail Me Not for good deals and choose where to go based on coupons you find.
Look for the best price possible. Using Krazy Koupon Lady, the Sunday morning newspaper, and countless other tools, you can easily find the best deals. Tiffany at Don’t Waste the Crumbs has this awesome idea of keeping a “price book,” suggesting you take a journal shopping and make a list of the main grocery stores you shop, the main foods you buy, and their prices per units, then refer to that when you’re wondering where to buy what. Such a novel idea.
Never pay full price for retail items. Not paying full price would apply more to clothes, shoes, home goods, etc. After all, sometimes you have to pay full price for gasoline, but you can still be getting the best deal. I always shop the clearance racks and cannot remember the last time I paid full price for our clothes. We just don’t go there. And even with not paying full price, I still look for coupons. There are too many clearance items, great sales, and coupons out there to pay full price for anything.
Part 2 of 10 Things Frugal People Do will be continued next week, but if you can’t wait, you can check it out here :). Until then, let me know what you can implement this week!
Photo credit: Ken Teegardin | Cropped