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The Best Frugal Living Tips For Becoming A Minimalist

By John M Lesko

Not everyone is financially savvy. However, anyone can learn to live frugally. Below, you’ll find some of the best frugal living tips. Follow this advice, and you’ll find that you can stretch your income a lot further. You’ll have more money, even if you’re not earning more.

Frugality

Know Where Your Money is Going

Does it feel like your money is disappearing each month? If your money seems to vanish as soon as it is deposited into your bank account, you’ll want to get a better sense of what you’re spending your money on. For the next month, you should carefully track every purchase that you make.

In many cases, small expenses at up quickly. It might not feel like a big deal to spend $5 grabbing a coffee on your way to work each morning, but this could wind up costing you $100 or more each month. If you know what you’re spending your money on, you’ll be able to set a budget and use your money wisely.

Buy Used Whenever Possible

If you need to buy something new, such as clothing, kitchenware, or even furniture, you should take the time to consider whether or not this is something that needs to be purchased new. Buying items used will allow you to get what you need at a fraction of the price.

While you can find a great selection of items at thrift stores, they aren’t your only option. You can also buy items from people in your community. In some cases, you may even be able to get items you need for free.

Plan Your Spending

Before you spend any money, you should plan how you’re going to use those funds. For example, if you’re buying groceries, you should think about how much you’re going to spend and what you’re going to be buying before you put any items in your cart.

It’s common for people to overspend because they don’t budget ahead of time. Planning things out can keep you from making impulse purchases. It will allow you to use the money you have in an efficient way.

Treat Yourself

Some people think that frugal living means you have to deny yourself the things that you want. However, you can lead a rewarding and fulfilling life while still living frugally. For example, a person that’s focused on being frugal may not want to take an expensive luxury vacation. However, there are plenty of ways for you to get away and relax without spending a lot of money.

If you find small, budget-friendly ways to treat yourself, you’ll find that it’s easier to continue your frugal lifestyle. You can still spend money on things that aren’t essential. However, your goal should be to make the most out of the money that you spend.

If you follow the best frugal living tips, you’ll be able to save money every month. You can put this money towards paying off debt and towards your retirement savings. Learning to be more frugal could give you a new lease on life.

Filed Under: Financial Tips Tagged With: Frugality, Minimalism

john m lesko head imageTo Your Success,
John M Lesko 

Certified Financial Educator & Licensed Consultant
Helping coaches and consultants use True
Financial Wellness in their marketing efforts

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Are you looking for ways to start living a more frugal life? Do you want to find new ways to help reduce your living expenses, but not your lifestyle? Would you like a source of easy-to-follow tips and guides on how to make frugal money decisions? Then, EasyFrugalLiving.Com is just that place!

It’s part of a suite of digital properties by JM Lesko Financial, LLC to help guide you to a better life with True Financial Wellness. More than just financial literacy, it’s a life when you can reduce the worry and stress of economic decision-making.

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Categories

  • Budgeting
  • Credit and Debt
  • Financial Tips
  • Frugal Living Articles
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  • Money Management
  • Saving Money

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