Are you looking for practical ways to help you manage your finances?
This post covers the best tips to save money, get out of debt, and afford the things you love.
By living frugally, you can improve your family’s way of life and achieve individual financial goals.
Living frugally means prioritizing your expenses, Picking what to spend on and what not to spend on.
Being Frugal has a lot of benefits, and you can live life debt & Stress-free.
Here are some best frugal living tips to save money:
*Buy Groceries in Bulk
Plan to make Buy pantry items or groceries with longer shelf life in bulk. It is usually cheaper to buy in bulk.
Identify food items that you regularly use that last for a more extended period and make those purchases in bulk, for example, flour, sugar, rice, beans, grains, and spices.
Creating a meal plan is a great way to save. Having a meal plan for the week or a period means you know what groceries to get, and you avoid purchasing items you don’t need whenever you go grocery shopping.
This reduces the cost of groceries and helps you stick to your budget.
One of my favorite ways to make meal planning and preparation easier is by using MyFreezeEasy.
* Compare Prices
You’ll be amazed at how different prices can be at various stores .
Whether you are getting groceries or other items that you need, consider looking carefully at the prices and making comparisons. You will be surprised how much savings you can get from shopping at lower costs due to price comparisons.
* Make Your Own Coffee
If you love your cup of coffee just like me, you can tell how very easily a daily cup of Starbucks can add up in cost.
Invest in a coffee machine and make your own coffee.
This is a great way to save.
*Use Up Your Leftovers
Get Creative with your left overs.
Instead of throwing leftovers away, put it together and make a new meal.
Have your left over dinner as lunch the next day, or make a snack out of it .
Little habits like this will save you a lot on the long run.
*Stay Away From Pre-Packaged Food
Pre-packaged food may seem convenient, especially if you have a hectic day or barely have time to cook.
However, buying Pre-packaged foods can very quickly increase your grocery cost and budget.
Instead of buying pre-packaged foods, aim to meal -prep, that way you can make a quick meal even on your busy days.
My favorite way to meal prep easily is with my Freeze Easy.
* Limit Dining Out
It is ok to eat out now and then, but making a habit of eating out regularly can quickly increase your expenses.
You will be saving a lot if you choose to eat at home more often.
Doing this might be a hard change if you love dining out, You can, however, start by reducing the frequency bit by bit.
If you would typically dine out five times a month, you could just reduce it to thrice or twice a month.
* Make a Meal Out of Your Pantry Supplies
You may soon realize that irrespective of what we have in our pantries, we go shopping for groceries every week or every other week, sometimes ending up with a lot of expired items or food items we never use.
Make it a habit to take stock of what you have in your pantry, before any grocery run.
Make meals out of your pantry supply, get creative, and be surprised by how much savings this will leave you with.
* Opt for water instead of other Drinks.
Water is cheaper than fruit juices or other drinks, and it is also a healthier option, so that’s a win-win.
* Declutter Often
The fantastic part about decluttering and sorting out old possessions that you no longer need is that you can sell those possessions for an extra income.
Decluttering is a great way to keep stock of what you own, therefore preventing unwanted purchases.
* Unplug Your Electronic Devices
Did you know that you can lower your electric bill by unplugging your electronics?
Make it a habit to unplug your electronics (Lamps, laptops, fans, toasters, etc.) whenever they are not in use, and you can save on electric bills.
* Save on Gas Bills By Walking More
Walking is an excellent form of exercise and a great way to save on gas and commute expenses.
Choose to walk short distances instead of driving and save on gas.
*Earn Extra Income
Look for ways to earn additional income.
The opportunities for earning extra income from the comfort of your home are endless.
Find more ways to earn in this article; How to make 100 dollars a day from home.
My favorite way to make an additional income is by starting a blog. Learn how to start a blog and make money.
*Stick to a budget
Budgeting is another significant way to save money.
When you make a budget, you can plan your expenses and allocate your income to the correct costs.
By budgeting, you are able to prioritize and decide on what expense to allocate most of your income to and costs to avoid.
Try to stick with your budget, as this is a sure way to increase your income.
*Place Daily or Weekly Purchase Limits On Your Credit Card.
This is a brilliant way to monitor your spending.
Placing purchase limits could help you regulate your spending.
You could also resort to making payments with cash as much as you possibly can.
When you pay with cash and not credit, you are restricted to making your purchase based on the amount of money you physically have.
This is an excellent way to avoid buying things you cant afford .
*Cancel Subscriptions That you Don’t Use
When was the last time you used that Gym Membership? Do you really need to subscribe to 5 different monthly magazines?
Do you need that Club subscription and other subscriptions that you never get to use?
Canceling unnecessary subscriptions could save you a ton of money.
*Reduce your car insurance by driving more carefully
Save on car insurance by maintaining a good driving record.
* Save on Gym Memberships by working out at home.
Gym memberships can sometimes cost a fortune. Thankfully you can workout from home and save that cost.
There are a lot of workout videos online, and you can also have a fun park workout or go for a run around your neighborhood.
These are various ways to stay fit without having to go to the gym.
You could also make a one time purchase by investing in gym equipment to create a mini gym in the comfort of your home.
*Choose to Breastfeed If you are a New Mom
Every Mom has a different experience when it comes to breastfeeding.
However, If possible, you can opt to breastfeed for as long as you can and save on formulas.
*Avoid Impulse purchases
If you feel the need to make a purchase, wait for a couple more weeks .
Impulses usually leave after a while. You don’t need to buy a new dress for every occasion as tempting as that may be.
Before i decided to gain control of my finances, I would always go shopping whenever i had an event to attend.
Every wedding invitation = shopping opportunity, and oh did i end up with a lot of clothes i wore just once.
You also do not need to buy an item just because it is on sale.
* Save with Happy Hour
When going out with friends, take advantage of the discounts you get with happy hour.
Happy hour provides the best discounts on food and drinks.
Living frugally is basically choosing to live within your means, and focusing on the essential expenses.
Using these practical tips, you can live your best life possible while living within your means.
Which of these tips will you be trying out? Do you have any frugal living tips?