Now more than ever people are looking to save a buck by cutting corners here or there. It seems like more than ever it matters where the dollars go and getting the most bang for your buck is the goal. Listed below are a few tips that can help you move along on your journey of being frugal and ideas that can help you save money.
1. Buy frequently purchased items in bulk
Most people think that this advice is mainly good for families. Well, this can also be great for anyone living alone or anybody in between the aforementioned extremes. The fact is that most of us buy certain items frequently, often weekly, and this can add up to lots of wasted money. For instance, items like toilet paper and to-go breakfast items are usually at the top of the list of frequently purchased items.
2. Try small home accessories to assist your budget
Items like Hibiclens foaming pump saves money as the soap extractor doesn't use a ton of liquid in order to get an adequate amount of soap in one pump. It sounds quite small, but it adds up in the long run. Another small accessory is changing out your showerhead. There are many eco-friendly shower heads that can be bought aftermarket. You only need to make sure that it will fit your showerhead properly. This can be done by taking measurements or removing the existing shower head and simply bringing it to the hardware store with you. Not only will it help in saving the environment by combating global warming, but it will also help you by saving money on your power bill.
3.Developing a meal plan
This tip works twofold: On one hand, it can divert your attention from having takeout and spending money in excess of your budget. The other is that it will help optimize your schedule because the meal is already prepped and ready to go. It allows you to focus on other things besides what to eat and how much it will cost.
4. Find ways to extend the life of your produce
Many people buy produce, but unless they consume a lot of it, they don't buy in bulk. The reason behind it is that most of us have a problem with extending the shelf-life of produce. It might be a good idea to look up different hacks that you can use to extend the life of your of your produce. Here are a few tips to keep in mind.
5. Find out where you are on the financial spectrum
This includes taking inventory of your spending habits. Ideally, this should be the first thing on anyone's list that has a goal of being more frugal. Do you spend more in disposable income than you should? Do you find that most of your money goes toward bills? Are there any outstanding debts that you should take care of before starting your journey? Here's a list of financial ratios that you should take into consideration.
Of the many steps that can be taken to begin steps of leading a more frugal lifestyle, the aforementioned is some of the most important, though these do not need to be done in a particular order. Step number 5 is a great place to start. Start by taking inventory of where you are and then let that shape the goal of where you want to be ultimately in your financial journey. The perfect time to do this is before you start your family. If you already have a family, it's not too late. Discuss with your spouse or partner what your goals are so that you may have their support. It could also be a team effort and that is the best way to get there faster. In addition to creating get saving habits, using the money that you have to your advantage is a great way to get ahead financially, live more frugally, and end up living a life of freedom that you never had before.