Learning To Be Frugal

If you choose to embrace a frugal lifestyle, there are many benefits that will come your way. However first it is important to clear up some common misconceptions about frugality. Some people think that being frugal is equal to sacrificing pleasurable things and living in poverty. This does not have to be the case -- it is entirely possible to enjoy a higher quality of life while adopting the principles of frugality and applying them to your life in a practical and personalized way.

What counts as frugal for one person may not be the same for another so it is important to get an accurate portrait of your finances before making any modifications.

Get a notebook or spreadsheet devoted to finances only, and record for ideally one month how much money is coming in and going out of your household. Keep a small note pad with you so you can jot down spending on the go. Painstakingly tracking your incoming and outgoing cash flow is extremely important before you can master your finances. Once you have an accurate picture of what you're earning and what you're spending in a month, you can devise a frugality plan that suits your needs without making you miserable.

For example, if you discover you are paying $15 per week for gourmet coffeehouse beverages, save money by brewing your own at home and toting it in a travel mug. Maybe you love magazines. This is one of my personal frugality issues and it really adds up. Rather than dropping $2.99 here and $3.50 there for the latest gossip tabloid or women's magazine, find the information you need online for free. Many magazines have online editions, not to mention the plethora of blogs and ezines Internet users can enjoy for free. You'll save paper, which is good for the environment while saving money.

There may be some larger areas of your life where being frugal can help you. If you are struggling in credit card debt, consider consolidating all your debt onto one card, paying it faithfully each month until it is paid off and halting credit spending if possible. Some people only spend cash and refuse to use credit cards. While this may affect your credit rating because you're not accumulating a positive credit history it is better than being mired in debt and obtaining a low credit score. As you can see, there are a variety of ways to stay frugal and this article is just the tip of the iceberg. There are loads of books, websites and other resources that can help you develop a money saving plan that meets your personal financial needs.

Saving Money Through Power Shopping

Save Money News:
How to Own an iPhone Without Paying (a Fortune) for It
With these money saving tips, shave dollars off your monthly communications bills while still holding the latest device in your hot little hands...

New York's Prostitutes Are Saving Money with Airbnb
It didn't take long for civilization's oldest profession to collide with the economy's latest fad: the New York Post says Airbnb is the new coolest way to run a brothel...

11 Ways to Save Money at Wendy's -

11 Ways to Save Money at Wendy's
No matter where you go out to get a burger, it's good to have some tricks up your sleeve to save a bit of money. This applies from McDonald's to Smashburger. Wendy's is another pretty popular fast food chain and while many of its menu items are under .


Save money by energy cuts
Saving energy saves money as well as the planet. Older models, particularly top-loading ones that are seven or more years old, use two to three times as much energy and water as newer, front-loading ones...

The 10 Commandments of Saving Money - DailyFinance

The 10 Commandments of Saving Money
TEN COMMANDMENTS Rogelio Solis/AP There are thousands of savings tips that can help you grow your nest egg. Whether they involve brown-bagging it to work or using coupons at the supermarket, these are generally useful savings habits that can give .

.. Advice for Parents: Throw Away the Piggy Bank!
National Teach a Child to Save Day is Friday, April 11 and Founder/CEO Gregg Murset has one piece of advice for parents really interested in teaching their kids about saving money -- throw ...

Hotel Deals: Saving Money On Your Summer Vacation
It is finally getting warm in most areas and summer is fast approaching. If you go on a vacation every summer, you may be ready to start planning it. One of the first things people plan concerning their summer vacations EUR¦..

7 Wildly Untrue Myths About Saving
Saving money is one of the most important things a person can do with finances, but there are way too many people out there who reach a certain age without a respectable amount of money in their savings accounts simply EUR¦ Continue reading †'..

6 Eco-Friendly Habits That Will Save You Money - U.S. News & World Report (blog)

6 Eco-Friendly Habits That Will Save You Money
U.S. News & World Report (blog)
If you're shying away from going green because you're afraid it will be expensive, we're here to tell you that there are plenty of ways to be eco-friendly and save money at the same time. 1. Eat at home more often. It can definitely be tempting to just .


COLUMN-Making a financial stretch is key to saving for college
A Sallie Mae study released last week found that half of parents with children under 18 haven't saved for college. The top reasons for not saving: 58 percent said they didn't have enough money to save for higher education and 22 percent said they expected their children to get enough financial aid to pay for school. The parents who hadn't saved were less likely to have a college degree (73 ...

City of Quincy saving money on solid waste - Quincy .
The city of Quincy will be saving money on solid waste removal for the next few years. During Monday's council meeting, aldermen approved the nearly $1.6 million contract for five years with Allied Waste Services. This is ...

There's More to the Cost of College than Tuition
When saving money for a childs college education, tuition isnt the only concern. Room and board can increase the cost of college, but you do have options...

Teaching kids about saving money - KARE

Teaching kids about saving money
When it comes to teaching our children the skills to save, there is no time like the present. Financial Advisor Dan Ament with Morgan Stanley visited KARE11 Sunrise to explain how parents can get started. By the age of 5, children should know that you .


City of Quincy saving money on solid waste - WGEM

City of Quincy saving money on solid waste
The city of Quincy will be saving money on solid waste removal for the next few years. During Monday's council meeting, aldermen approved the nearly $1.6 million contract for five years with Allied Waste Services. This is essentially for landfill use.


Tips For Saving Money During Baby's First Year / Blooming Bath .
Tips For Saving Money During Baby's First Year. Posted on April 15, 2014. Are you expecting a baby? Have you recently had a baby? If so then you probably already know that the first year having a new baby in the house can be an expensive ...

How Do You Do Money? Toby, Developer - NerdWallet (blog)

NerdWallet (blog)

How Do You Do Money? Toby, Developer
NerdWallet (blog)
I think having our own savings plus a joint [account] makes things very straightforward. If I want to buy a shiny bit of Apple tech, I shouldn't have to dip into money we have set aside for us, that feels wrong. It equally feels wrong if the boiler .


Saving money on mobile costs - money - business |
We turn to them when we're feeling lost, bored or just need someone to talk to. Mobile devices have had a big impact on not only our behaviour but also our bank balance. A recent Commerce Commission report said nearly ...

Saving money on OTC drugs -

Saving money on OTC drugs
If the generic has identical active ingredients and dosage it'll work the same as the brand name medication and cost less. But even when it comes to brand medications you might also be able to save money by comparing a certain brands own products.


The $99 Amazon Prime arrives, with questions in tow
The idea behind Amazons subscription service is that it's worth the annual fee for the convenience and low prices. CNET takes a look at how much money customers are really saving...

Savvy Shopper: Save money while saving the earth - a win-win
There is a famous Bible verse that discourages a person from gaining the world but losing their soul. Although this issue is grounded in a spiritual realm, a principle that is valid in one context is often applicable in another...

Technorati Tags: , ,