How to Become a Frugal Spender

Frugal living requires that you become a frugal spender. If you have trouble holding on to your money each month, then these step-by-step instructions will help you:

Difficulty: Moderately Challenging

Instructions

1. Calculate how much money you make every month. Add up all your different streams of income in attempt to become a frugal spender.

2. Calculate how much money you must spend every month. Add up all your bills, debts and financial obligations.

3. Next, eliminate any unnecessary bills in order to become a frugal spender. Spend less money than you earn to live frugally.

4. Plan a detailed shopping list in order to become a frugal spender. Eat out only when you can afford to eat in restaurants.

5. Walk and bicycle to destinations that are close to your home to avoid spending money on gasoline.

6. Shop at garage sales, consignments shop and thrift stores when you buy clothing to become a frugal spender.

7. Look for free items on websites like craigslist and eBay. Negotiate prices in order to live frugally.

8. Save for family vacations and trip in order to live a frugal life.

9. Cut up any unnecessary credit cards and eliminate monthly payments.

10. Become a frugal spender by spending less than you make.

[lordjeffrey]

on 7/8/2009 Hey, very good article. I've been reading Dave Ramsey lately, and this jibes with that. While reading this article, I discovered a cool site that I went to - win win.

[waters]

on 7/6/2009 Great information on how to become a frugal spender.

[botticelli728]

on 7/3/2009 Thrift shops and such can get people through some hard times. Great tips. 5*

[karileighk]

on 7/3/2009 This is really helpful. Thanks.