The reason why anyone would want to be frugal is to spend less than you earn and use the difference to pay off debt, save and invest. Also, frugality is relative. Find out what’s important to you and plan accordingly, but don’t spend money just because it’s there. As is wanting something and needing something. As long as you can live without it, it’s a want.
Being frugal means being sparing, prudently saving and not wasteful. On the other hand, there’s this other word called cheap defined as being stingy or miserly. An example. It’s frugal when you spend $30 on a good quality dress than $10 on one from a discount store that falls apart after a few washings.
Below are 49 frugal habits that you can use in your life to prepare for the moments that matter.
- Always use both sides of computer printer paper if possible.
- Replace all your house’s incandescent light bulbs with compact fluorescent light bulbs. It lasts 10 times longer, uses 75% less energy and produces 75% less heat than incandescent bulbs.
- Turn off lights, TV, etc. when not in use. Even if it is 5 minutes, it adds up.
If you buy things you don’t need, you’ll soon sell things you need