Frugal Living Rule: Plan Long Term
This is one of the biggest rules of frugal living, and it goes hand in hand with one of the tips we mentioned earlier! Not only are frugal people going to be willing to spend a bit more on items that they know they are going to get more use out of, but they are also planning ahead for this!
Whenever you have to make big purchases, don’t let others influence you and tell you that you can just get an older version or a cheaper version. Do your own research about the item and then put on your “frugal” hat! With things such as vehicles, appliances, and even tech items, you need to think about how long you are going to use this thing, rather than look at your bank account.
Sure, you need to keep in mind your budget and your situation, but you have to be a smart shopper! Planning for the long term means that you may end up spending more money when you buy important, expensive items, but it also means you are a truly frugal person! Not to mention, while doing your research about the best product, you can end up finding coupons or deals you wouldn’t have otherwise.
Keep it in mind! Shop smarter, not harder!
Don’t Spend Money On Useless Entertainment!
One way to save money (that the pandemic also showed us can be done) is to not spend as much money on “entertainment”. Be it having a subscription to all the streaming platforms out there or going out every other day with your friends or family, these things can end up costing you more than you may be willing to shell out every month.
Not only is doing everything in moderation better, but you can save a ton of money doing this. You can find a way to entertain yourself and your loved ones at home rather than go out, and you can also live a truly frugal life if you think about your streaming services.
Do you truly need all of them? Or are you using just one or two frequently, and others you forget about until there is a show premiering and you’re interested in them?
Think about what you want and what you like to do, then get creative! You can be frugal and think about how you can do some of those things you love (that are also expensive in the long run) at home and save some money!
Speaking of subscriptions and losing money, are you using your Amazon Prime subscription to its full potential?
