What is frugal living?
Frugal living according to the dictionary is the action of spending less money than the average person. It also means one is less waste full and more resourceful. You can live well on less.
So how does one live more frugally?
You cut back on everything, turn off all the electronics and live on rice and beans. NO!
Living frugally doesn’t mean you are cutting off and cancelling all the things you love. It means you are making wiser decisions. It means you are planning for the future in your actions today. It means you are living like no one else today so you can live like no one else in the future.
So how do you live more frugally? You opt for cheaper items. You opt to meal plan (which is an amazing money saver). You cut back (not stop), just cut back on the expensive and money consuming items.
Examples of frugality.
A prime example of frugality in our household is cutting back on eating out. Honestly eating out was wrecking our budget. Now I have learned to meal plan and I love it. I can prepare the meals, freeze them and cook them later. Or I can grocery shop with a budget and cook amazing fresh meals that my family enjoys.
Frugality on a whole could mean simply cutting back on something you spend a large amount of money on. Is your cable bill too high? Or is your grocery budget higher than you would like? What about the amount of money you spend on clothes and shoes? Or your mortgage?
How does frugality save you money?
Cutting back, planning and learning to say “no” means saving money. Choosing to meal plan, choosing to eat out less, choosing to cut back on entertainment can all save you money.
If you think about it how much do you spend on groceries? Let’s say you spend $800 a month on groceries and you have a habit of shopping with no coupons and you are brand specific. Now if you were to grocery shop more frugally you would choose to grocery shop with a plan and a grocery budget, use coupons and shop store sales. Doing all of this could cut your grocery bills in a month down to $600. So being frugal could save you $200 in this example.
Being frugal and spending less simply means you are saving more. Saving more for stuff you truly want. Saving more to pay down your debt and invest in your future.
Other great posts to help you live more frugally and save more money:
Making frugal choices are easier than you think. Simply making small changes can save you money. Have an amazing day,
Saving & Simplicity