14 Frugal Living Tips You Can Implement Today and Save Thousands
In this article, I discuss frugal living tips that you can start today and save thousands of dollars. Being a millennial who tries to save money is a hassle. But, know that frugal living does not mean you should have a sad life. It’s also not about being stingy: frugal living is about being resourceful. It’s about living within your means.
It doesn’t matter if you make $50,000 a year or $150,000 a year; Unless you spend less than you earn, you’ll never get ahead.
Adopting a frugal living lifestyle lets you save by getting freebies, using secondhand products or coupons. It helps you use your money on things you value most: living debt-free, saving for retirement and investing in yourself. So, to start living frugally, these are some tricks that you can use to save money.
Let’s get started:
Learn To Say “NO” To Unnecessary Expenses
Some habits are good, others no so much. Spending on frivolous items is not a good habit to have. Indeed, unnecessary expenses will drain your budget faster than a speeding bullet. For example, wasting time, buying useless stuff at the mall might make you feel better for a short time. But, it drains the budget.
If you want to start implementing a frugal living lifestyle, consider alternatives instead. If you like to waste time a the mall, consider going for a walk in the park. Or, look at more affordable activities. For example, you can meet friends at an inexpensive restaurant or park and hang out together. Whatever you do, ensure that the activities you’re engaging in are budget-friendly and well planned out. That way, you won’t have to drain your savings when those opportunities come around
Related Read: How To Save $5000 This Year
#14: Take Advantage of Available Loyalty Programs
Many people may think using coupons will somehow make them a cheapskate. But, who cares? Using coupons or store loyalty programs are a great way to save money and build loyalty at the same time.
Many grocery stores offer digital coupons delivered through an app or email that you can use…