Frugal Habits to Adopt Now

Natalia Jones By Natalia Jones, 28th Sep 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/29vbqlyn/
Posted in Wikinut>Money>Money Saving Tips

Frugal living is sometimes regarded as a life of deprivation but on the contrary, a lot of frugal practices make you feel lighter and more liberated than living in excess. The surprising thing about adopting a frugal lifestyle is you don’t realize just how much of your possessions you don’t use until you are called to account for them.

Eat Out Less

Eating out can tack on a huge cost to your monthly expenditure. If you start cutting back on the number of times you actually eat out you will see that you can take control of your diet as well as your finances so it is a win-win situation.

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Start Building a Minimalist Wardrobe

Clothing and accessories is arguably the largest category of impulse spending. If you become more conscious of the clothes you wear and start getting quality basics to build your wardrobe around so you can more effectively mix and match you will save money and cut down on the clutter in your closets.

Find Free or Cheap Ways to Exercise

Instead of joining expensive health clubs and gyms you can start running outdoors, pick up a sport or invest in a piece of exercise equipment for your home. You can still get the exercise you need without the hefty cost every month.

Leave Credit Cards at Home

When you don’t have a way to pay for your spur of the moment purchases they will automatically decrease. Leave your credit cards at home when you plan to go out so that you won’t be tempted to buy things you cannot afford.

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Work with a Daily or Weekly Budget

When you pay attention to the budgeting process, you can drill down how much you need per week and even per day. The concept of an allowance is not just for children, but as a matter of fact can reap great benefits even in your adult life.

Buy Quality Items

Many people think of frugality as focusing on cheaper items, but being truly frugal calls for you to make smart purchases. Therefore something might be more expensive but promises to last for a long time, as opposed to a cheaper alternative that would need to be replaced in short order. The frugal option would be to put out a little more now to save on spending more money in the future.

Only Buy What You Need

Finally, the frugal lifestyle means that you buy only what you need. Every purchase from the large to the very small should be evaluated on this basis. If the answer is “no” then you should walk away and keep your money in your pocket.

Tags

Frugal Living, Money Saving Tips, Save Money, Save Money Easily, Save Money On Food

Meet the author

author avatar Natalia Jones
Natalia Jones is a full time freelance writer and blogger. She holds a Post Graduate Diploma in Financial Management (ACCA). She writes on personal finance, business and much more.

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Comments

author avatar Ptrikha
29th Sep 2014 (#)

Some more good and vital tips for budgeting and savings. Yet one has to be very disciplined to implement these.

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author avatar Natalia Jones
29th Sep 2014 (#)

It takes practice for sure... and some discipline but anyone can get started and make a change. Thanks for your comment!

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author avatar Nancy Czerwinski
10th Nov 2014 (#)

Natalia, great tips. Thanks for sharing your article.

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