Simple Frugal Living – Beginners Guide To Saving Money
If you’re just stepping into the world of saving money and are interest in simple frugal living , but you’re not sure where to begin, then this post will give you a few pointers on where to start.
For those who don’t know what frugal means, I will explain this for you.
A frugal person is someone that is careful with money and food, someone that is prudently saving or sparing, not wasteful and is economical.
Living in frugal way can seem a bit overwhelming, so to help I have put together a small beginner’s guide to getting started.
The small changes I will talk about can be implemented one by one, and make a big difference financially and to the wellbeing of your life over time.
So, lets get started with my tips for living a more frugal life.
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How I started
Until the ripe age of 37 I use to be really bad with money, like really bad. I spent it faster than I could make it, and every month I was skint by the second week after being paid.
After some major lifestyle and financial changes, I would like to think I’m pretty decent when it comes to money these days.
If I can adapt to a better way of living, then anyone can.
I started off by setting myself a money goal to achieve and build on. Then I put a plan together and started to put into practice the mentioned things below.
Let’s get started with my tips to save money and live a more frugal lifestyle.
Beginner’s Guide to Being Frugal
Even if you can just save a small amount, save what you can, all the time.
Master one of the below tips then move onto the next. Before you know it, you will be doing them all, and then looking at more ways to save money.
Follow these and over time I have no doubt you will be successful in living a frugal lifestyle in the long run.
Evaluate your monthly expenses.
The chances are that your monthly expenses are costing you too much. This could be the reason you’re looking to save money in the first place.
This is where you will need to ask yourself some tough questions, like…
Am I overspending in general?
Could I cut costs with my groceries?
Do I really need to spend money on coffee every morning on the way to work? Or on food at lunch?
Tackle your biggest bills first, like your electric bill or your phone bill.
I only shop when I need to. If you’re one of those people who shops for the sake of it and spends money like it’s going out of fashion, then cut down or stop.
While doing this you always purchase things you don’t need. In order to save money, you have to stop shopping for fun.
I only go to shops these days for essential items, and it has helped me save a lot of money.
Every pound I spend is vouched and tracked for.
I don’t go near a shop unless if it’s for something I definitely need.
Spending money on groceries is a difficult one, every family needs to eat.
I find that sticking to budget every week, really helps with saving money. There’s no needless buying or putting things in the basket for the sake of it.
Put aside a certain amount every week for groceries and stick to that amount.
Seems simple, which it is, but it’s really effective at cutting costs.
Enjoy your home
This may not seem obviously connected to saving money, but I believe it is.
When you’re in love with your surroundings, you’re so much less likely to go out and spend money for an escape.
Consider the small things you could change that would help you love your home more. Here are some examples:
- Add a few candles in your living room, I find this makes the room cosier.
- Start making your bed everyday, so you don’t feel bad every time you look in your room.
- Turn your desk (if you have one) so it faces a window instead of a blank wall.
- Redecorate rooms to your favourite colour, to give you a lift when you walk in.
If you put your mind to it, there are so many little things you can do to make your home feel more homely.
Walk through your home and make a list of simple things you could change to make it more enjoyable.
This is an investment, and if it keeps you in and cosy instead of looking to be outside spending money, it soon pays off.
Create an outdoor space that you love too. Whether it’s a corner of your garden of a little patio area. Make this space yours, somewhere that feels comfortable to escape the drama of life.
Fix it, instead of throwing away
People in general, seem too quick to throw things away, I use to be the same.
Instead of being one of those people, try to fix or refurbish what you can.
YouTube is a great place for videos that show you how to fix and refurbish just about anything.
One person’s rubbish is another’s treasure. Just because something is old, broken or worn out, that doesn’t mean it’s at the end of its life.
Give it some TLC, work some magic and give it some more life if possible.
You never know, you might find yourself a new hobby you enjoy!
Before purchasing something new, always browse for used items beforehand.
There is some great stuff out there, and there are more sources than ever online. You can find quality used stuff of just about anything on the internet
Ebay and Facebook Marketplace are just a couple of those available, that are great resources.
You can also buy used items on Amazon. When you’re looking at an item, check below the main price for it to say “new & used from”. Click that link and it will send you to the listing of the used versions of that item.
There are many ways to buy good used goods, when you think beyond only buying brand new.
Vouchers and deals
Honey is a great website for finding vouchers from thousands of retailers online.
I have saved money when making purchases on clothes through Honey on several occasions.
Also, Latest Deals is great website for bargains and deals.
While saving money you also earn points though the above sites, which can them be redeemed into a giftcard of your choice.
These sites are no brainer!
Driving to your usual places each day costs you money. Mostly in the petrol that it takes, but also in wear and tear on your car.
Depending on your commute, you may also be paying money in tolls.
Find a co-worker who lives nearby and start see if they’d be interested in car sharing.
Even if they don’t care about saving money, they may still be interested just because they would love not to have to drive to work every day.
Think about it. Wouldn’t you rather be on your phone than driving? For most of us, that’s an easy yes.
This works for kid’s activities too. Start switching off with another parent and gain back some time and some money in driving costs.
Cashback sites are way of earning money while you spend money on shopping.
The cashback site will earn a percentage for referring you to the retailer through their website, and you take a cut of the profits.
It’s an easy way to earn some extra money while making a purchase you were planning to make anyway.
Have something big in mind you believe you absolutely need?
Give it time.
Instead of rushing out and spending big right away, give yourself time to think about it.
Let’s say 30 days…
In those 30 days you might find you don’t actually need that item at all, or maybe you will find something else that is a cheaper option.
Either way you are giving yourself that bit of additional time to save and think about the purchase.
If you then decide that you definitely want it, you can make the purchase confidently, knowing you absolute need it.
Simple Frugal Living – Final thought
Now it’s time to start saving.
You don’t need to dive right into extreme measures of frugal living. Instead, start with these starter tips and things will naturally gain momentum for you.
Start by evaluating your expenses and find places where you can cut back. Shop less and stick to a grocery budget when you shop for food.
Consider car sharing to save money and time. Shop smart by using some vouchers and getting cash back. Enjoy your home so you want to be there more, to avoid going out all the time.
Fix or refurbish broken items before buying something new. And when that doesn’t work, try buying used. Make it a rule to wait 30 days before purchasing big purchase items.
It’s really not that hard to do, you just need to get the ball rolling.
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