Living the Frugal Life: Tips on Saving Money

You have probably been living under a rock somewhere if you still think that in this day and age, money is easy to come by. It doesn’t take a rocket scientist to know that money doesn’t grow on trees, and that the words “inflation” and “economic crisis” define the state of the world today.

Man’s financial struggles have dictated that living a frugal life is the wave of the future- and the trend of today. Although the idea of living frugally may seem daunting to some of us, it is actually something doable. Here are some tips on how to save money:

Spend within your means. This is a no-brainer. How can you possibly splurge on a red hot Ferrari, when all you can afford is a second-hand sedan? For some people though, their emotions get the better of them, and do all they can just so they can keep up with the Joneses. They bury themselves in debt just so they can make those exorbitant purchases and put on a wealthy front for other people to see.

Use online vouchers wisely. Because you can now get almost anything online, people have turned to online shopping for their needs. Online net voucher codes have sprouted like mushrooms, giving us unprecedented discounts on everything from toilet paper to a new fridge. Tempting as it is, we should resist the urge to abuse these vouchers. Remember to buy only the things you really need, and don’t easily fall prey to discounts. Always compare prices from various online shops.

Bring a list when grocery shopping. Never underestimate the power of lists. Jot down only the things you need to buy, and make a firm resolve to stick to that list. If the kids come with you and can’t help but pull things off the grocery shelves, make it a game. Tell them that whoever picks anything which isn’t on the list loses.

Save power at home. Saving money around the house is something we can do as a daily habit. One way to do this is by cutting down on your monthly electricity consumption. Turn off lights when not in use, use energy efficient appliances, don’t use the water heater when not needed, etc. The list can go on for miles…

Penny pinching is something we can all do. A little discipline definitely goes a long way. Who knows, maybe someday, you’ll be driving that red hot Ferrari?

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