Sunday, July 13, 2014

7 Simple Ways to Go Frugal


 

Learning how to live frugal is vital in today’s tough economy. Although most people assume living frugal means doing without and suffering, it doesn’t. What it means is smart spending and saving. The following are 7 simple things that you can do to save money and live more frugally.

Cut Coupons

Although it has been said time and again, it is a fact that using coupons will help you save money. You should use coupons to purchase staple items in bulk. Whenever an item that you use regularly is on sale and you have coupons for it, you should buy that item in large quantities. This will ensures that you don’t have to purchase the item again until it goes back on sale.

Sew socks

Who sews socks? When they get a hole in them, the first thing we do is throw them out and buy more, right? No! You don’t throw them out. By throwing out those socks, you are throwing away money. Most hole form at the tip of the sock. So, instead of tossing them in the trash, grab a needle and thread and go to work sewing up that hole. Because the hole is at the tip of the sock, no one will see your needle work anyway.

Pick up pennies

Picking up pennies is also a great way to save a little extra money. Lost pennies are everywhere. Take the time to pick them up. Add them to your piggy bank. After a few months take them out, bag them, and head to the bank. You will be surprise at the amount of money you will have over time. Remember the guy who paid off his house in pennies? Think about it.

Drink more water

Put the carbonated soda down and drink more water. Water is good for the body. It helps keep you hydrated, help to ensure that the brain receives the need amount of oxygen, and keeps the digestive system moving. Water has zero calories, and in most restaurants, it is free. So, instead of ordering a soda that you will be overcharged for, have a glass of water instead.

Buy soda in bulk

If you can’t seem to escape the need for carbonated soda, buy those drinks in bulk. Buying drinks by the case is much cheaper than buy them in single 12 oz. cans. Also, keep a few in your car for those times when you use the drive through. By having some can sodas already in your car, you don’t have to order a drink at the drive through. This will also help to save you money.

Shop consignment

Consignment shops are great places to find quality clothes without paying full price. These gently used clothes are often just as good as those bought from a department store, and they are half the department store price.

Eat out less

Eating out can be expensive. Although some people will beg to differ, it is much cheaper to eat meals at home. Why? The amount of money that you spend on one meal could have been used to prepare a larger meal that you can eat more than once in a day and that can be used for leftovers.

Living frugal doesn’t have to be hard. The things listed above are simple, painless things that you can do to help save money.

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