Frugal Tip Of The Day - How Not to Spend Money

A friend asked me recently what the trick was to frugal living, because he couldn't stop spending. I told him I'd get back to him, and I did. I came up with this basic list of the 5 major things that I do that keep me from spending money needlessly. Some of them are easy, some not, but it's my frugal five.

1. Stay home. If you aren't in a store, you can't spend money. When you're bored, find something at home to do. Don't make shopping a pasttime.

2. Don't eat out. I rarely eat out. My friend lives on fast food. His food bill for a week would feed me for a month.

3. Use the telephone instead of the car. I used to have a bad, bad habit of jumping in my car and driving over to see friends. Sometimes, they weren't there, so I just drove around looking for another friend to visit, or worse yet, went shopping. Now, I call instead of visiting a lot, because it's much more economical than driving.

4. Buy used. I buy practically all my clothes, household goods, furniture...just about everything...second hand. It not only keeps things out of the landfills, but it saves me a ton of money. I don't have all the latest fashions, but I dress in classic styles, and look for quality, so people don't even know that I didn't buy things new.

5. Ask yourself "Do I NEED this?" Need is subjective, I suppose, but that has saved me big time over the years, because it's so easy just to say "Oh, that's cute." or "That looks yummy." When shopping, and toss things you don't actually need into your cart. I could probably open a thrift store with all the useless things I've bought over the years. I still sometimes buy what I call "treats", because you never want to leave yourself feeling deprived, but when the money crunch is on, I can forego those things and only purchase what I need.

Of course, there is much more to being frugal than these five things, but this will give you a good start, and you can get deeper into budgeting, saving, and frugal living from there.

2 comments:

  1. Deb,
    I also ask myself how long am I going to have to work to pay for this. If the answer is longer than I will enjoy it (i.e. working an hour to pay for a fast food meal), then the answer is forget it.

    ReplyDelete
  2. Cin that is a great tip, I'll have to work that in myself. I do like to treat myself occasionally but there are times I probably shouldn't.

    ReplyDelete

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