Being Frugal with Your Money

Many people misinterpret the word “frugal”. They believe that it means cheap. This is not the case. Being frugal simply means that you find a way to spend less and get more out of the money you earn. Thankfully, there are many ways to do it.

Coupons are Friends of the Wallet

Using coupons and promo codes for the items you are buying can provide a savings of 10, 20 or even 30 percent off your purchase. To make them work for you, use them only when it’s something you need. Online sites like Rebate Key allow you to find deals for many different stores in one place. They basically do the work for you. For instance, you’ll have access to Walgreens coupon deals which may include coupons for contact lenses, cosmetics or health care items. Other sites specialize in groceries and have printable coupons for food and paper products. 

Shopping for a Car

If you’re in the market for a new vehicle, take your time and conduct an extensive search. Not all dealers offer the same prices. Decide ahead of time the type of vehicle you want, whether it’s a car, an SUV, or a truck. One way to save thousands on a new vehicle is to purchase one fresh off a lease. They are in excellent condition and have low mileage. If you reside in a state that charges excise tax, that will be reduced versus a brand new car. It’s also in your best interest to put as much down as possible. This will make the monthly payment affordable. 

Entertainment for Less

At the end of the week, you begin to plan activities for the weekend. Going out to a restaurant and a show can run a few hundred dollars. However, if you check the paper or online for the events going on in your community, chances are good that you will find events that are free or that have very little out-of-pocket costs attached. Concerts in the park and festivals are fun and, in many cases, very inexpensive. You can also head to the beach or the park, take a bike ride and pack a picnic lunch. Get creative and conscious of your spending without compromise. 

Monthly Expenses

Your monthly bills can consume a large portion of your household budget. Thankfully, you can take charge and reduce them. There are so many streaming services now that cost a small fraction of your cable bill. Hulu, Netflix and Disney+ are a few available choices. Take the time to review your cell bill to see if you are paying more than you need to pay. If you have rollover data each month, switch to a lower plan. When it comes to your electric, gas, and water bills, consuming less means less money owed. Find ways to reduce the bills by skimming a few minutes off your shower, doing laundry and dishes later at night, and replacing traditional light bulbs with energy-efficient LEDs. 

DIY When You Can

Many people use services for their lawn care and house cleaners to clean their home. These two items alone can run you a few hundred dollars each month. You can save even more by replacing faucets and home lighting, and doing upgrades such as painting or refinishing cabinets or dressers instead of purchasing brand new pieces. There are many hidden treasures at estate and yard sales. If you’re in need of something, take a drive and see what’s out there. In many cases, people put out high-quality items that they no longer need. This allows you to pick up furnishings for just a few dollars. 

Being frugal means smart shopping and living. By using the resources you have available, you can spend less and enjoy life more.