Frugal Spending Ideas
In order to live a thrifty life, you need to know more than just that you need to save money. It is also essential that you spend your money wisely. Consider the following ideas about what a frugal person can do with the money that they have worked hard to save.
Start out by making a list of the things that you need, want, and desire related to your money. Number the things you list in order of how important they are to you and try to estimate how much they would cost. Once you have your thoughts mapped out, you can go about making them a reality.
You could pay extra on your mortgage each month or make one extra payment each year. This could help you pay off your mortgage in half the time it would normally take. This will save you money on interest, and the payment will be free money for you to use on your other dreams or to help rebuild your savings. Be sure that your bank applies your extra payment to the principal of the loan.
Use your savings to tackle home projects that have been calling out for attention. They can be big projects (which could require hiring a professional), or small (but not necessarily simple) like purchasing and hanging the ceiling molding in the children's room. You can choose to use the money to enhance your home and complete projects that have been long overdue.
Buy a newer pre-owned car. Even if your current vehicle is in good condition, you can get a newer pre-owned one. Your old car can be donated to a church, charity, or friend. Remember, though, that a newer car will be charged more in insurance payments.
Take that dream trip that you've always said you would take. By traveling during the shoulder or off season you will be able to stretch your money into even more of a vacation experience.
While it is important to save your money for a rainy day and to prepare yourself for the future, part of the frugal lifestyle is also about enjoying the life that you have. This means that you shouldn't be afraid to set aside money that will be used to pamper, reward, or indulge you in some way.
Using the money that you have saved to congratulate yourself will be a great boost to keep on saving and living frugally.
Start out by making a list of the things that you need, want, and desire related to your money. Number the things you list in order of how important they are to you and try to estimate how much they would cost. Once you have your thoughts mapped out, you can go about making them a reality.
You could pay extra on your mortgage each month or make one extra payment each year. This could help you pay off your mortgage in half the time it would normally take. This will save you money on interest, and the payment will be free money for you to use on your other dreams or to help rebuild your savings. Be sure that your bank applies your extra payment to the principal of the loan.
Use your savings to tackle home projects that have been calling out for attention. They can be big projects (which could require hiring a professional), or small (but not necessarily simple) like purchasing and hanging the ceiling molding in the children's room. You can choose to use the money to enhance your home and complete projects that have been long overdue.
Buy a newer pre-owned car. Even if your current vehicle is in good condition, you can get a newer pre-owned one. Your old car can be donated to a church, charity, or friend. Remember, though, that a newer car will be charged more in insurance payments.
Take that dream trip that you've always said you would take. By traveling during the shoulder or off season you will be able to stretch your money into even more of a vacation experience.
While it is important to save your money for a rainy day and to prepare yourself for the future, part of the frugal lifestyle is also about enjoying the life that you have. This means that you shouldn't be afraid to set aside money that will be used to pamper, reward, or indulge you in some way.
Using the money that you have saved to congratulate yourself will be a great boost to keep on saving and living frugally.
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