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How to Live More Frugal

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By kclaxton1
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Live More Frugal
Live More Frugal

There are many misconceptions about being frugal. Some people think of ol' Ebenezer Scrooge when they think of frugality, while others think of people who dig through trash cans. Other people who are frugal are called "cheap". Dictionary.com describes frugal as economical in use or expenditure; prudently saving or sparing; not wasteful.

Difficulty: Moderate
Instructions

Things You'll Need:

  • Change of spending habits
  1. Step 1

    Live below your means.

    This is a huge part of helping you become frugal. When you have excess money, you know that you are not in debt and can therefore start to save and invest which makes you even more money.

  2. Step 2

    Stop buying "junk"

    A lot of money is wasted by people who go out and buy little trinkets or memorabilia that they have no use for and all it does is collect dust. Not only is it taking up space in your house and not serving any purpose, it also costs you money that could have been used better elsewhere.

  3. Step 3

    Food

    Food is a huge expense for most households. The trick to saving money is to buy the food you usually eat while it is on sale, or to buy it in bulk. Coupons are also a great way to save money, but only on food that you would normally eat and not junk food. Eating unhealthy foods now will cost you later down the road especially when your health begins to deteriorate.

  4. Step 4

    Reduce, Reuse, Recycle

    Buy things that are going to be useful to you. Remember that you get what you pay for. It is best to pay more for something of high quality once than to keep having to buy something cheaper many times over. Keep what you believe is useful, but when you have no more need for it donate it if it is still in good shape.

Tips & Warnings
  • The money that you save should be used for retirement, emergency fund, paying down debt, and anything else that will help you out in the future.

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