Frugal Living Might Change Your Life
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Frugal Living Might Change Your Life

Posted on Wednesday, May 12th, 2021 at 7:00 am
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One way to save money is to live a frugal lifestyle. The definition of frugal is: “economical in use or expenditure; prudently saving or sparing; not wasteful.” Some people find that living frugally makes them happy and less stressed. Frugal living makes you be more intentional about what you purchase.

Declutter

You probably have things sitting in your home, or garage, or shed that you haven’t used in years – or maybe at all! One way to live frugally is to declutter your living space. The result is a cleaner, less cluttered, place to live.

Pass some hand-me-downs to a sibling who is close to your size. Donate books to the local library. Follow Marie Kondo’s advice, and ask yourself if an item “sparks joy” If not, then it is time to recycle it or bring it to a thrift store.

Set a Budget

Setting up a budget gives you a very clear idea about how much money you earn – compared to what you spend. You might decide to stop spending money on things like subscriptions you don’t use, food delivery from restaurants, or “impulse shopping”. The next step is learn how to stick to your budget. Making your budget work for you will save you money.

Get a Reusable Water Bottle

Plastic water bottles are not good for the environment. They are an unnecessary expense for people who can safely drink the tap water that comes from their faucets. One frugal solution is to get a reusable water bottle, fill it with water, and bring it with you. Quality water bottles can be easily washed and reused, over and over again. You only have to pay for it once!

Eat Less Meat

Meat is one of the most expensive things you can buy at the grocery store. “Meatless Monday” is a frugal way to get the nutrition you need without meat. People who do this find that plant-based meals can lower the cost of their grocery bill.

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.