How to Live Frugal
Living frugally allows you to live according to your means. By following a budget and being a savvy consumer, you can find ways to have necessities and even some luxuries. You can live comfortably while also living frugally if you carefully plan your budget and wisely manage your money.
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Instructions
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Save money on groceries by planning meals according to what is on sale each week at your local grocery store. Use coupons. When food items that you use regularly go on sale, buy a 3- to 6-week supply.
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Reduce utility costs by turning off electronics and lights when they are not being used. Set your hot water heater to 120 F. When replacing light bulbs and appliances, choose Energy Star products.
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Compare costs for expenses such as home insurance, automobile insurance, cell phone service, Internet service and cable TV. Choose the minimum plan that meets your basic needs. If you already use a certain service provider, call every few months to inquire about specials and discounts for which you may be eligible.
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Compare prices for large items, such as appliances and electronics, to ensure that you get the lowest price. Prices for identical items may vary significantly at different retailers. Use the product-search function of online search engines to compare prices.
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Avoid carrying large balances on credit cards with high interest rates. Use credit cards for emergencies or minimally and always try to pay off balances each month to avoid interest fees.
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Shop for new clothing at the end of each season, when clothing goes on clearance. Shop for clothing, furniture and household goods at yard sales and thrift stores.
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