A Frugal Lifestyle

The word “frugality” has left a more negative connotation for most people than simply being a saver, a cheapskate or tightwad. There is a thin line difference to saving and too much frugality to the point of being awkward and ridiculous. This is where the negative connotation comes from.

But if you are guided with the right principles and reasons in deciding to live a frugal life, you would never go wrong.

If you have decided to live frugally, no need to be worried of insults. Keep your head up high. And keep your focus through these tips.

1. Eating Out - Having gimmicks with friends on a Friday night is fine if you do it once in a while. But this can be expensive if you add them up at the end of the month.

2. Clothing - Naturally, if you are the kind of person who adores signature and designer clothes, do not expect that there will be something left of your take home pay. Instead of being trendy, wear clothes that can easily be matched with your other clothes.

3. Own Home - If you are planning to move out and find a place to settle, do not be overwhelmed by the excitement, instead be practical. As a start, buy a smaller house or try other ways like rent-to-own, do-it-yourself arrangements, and owner financing.

4. Buying Your Own Car - Shy away from sports cars or SUVs. Just stick to your purpose of buying a car which is to transport you anywhere you need to go. Check out also program cars like a new car warranty. Maybe this is not just the best time to replace your car with a new one.

5. Shopping for Groceries - As much as possible do not go with items that are branded. Choose non-brands and try looking for items on the highest or lowest shelves for best prices. Grab the opportunity and shop during sales or use coupons.

6. Family Out - There are inexpensive ways to bond with your family and be entertained like going to libraries, local parks, malling, picnics, visit friends and local church.

7. Buying School Supplies - Stock school supplies at home and do not buy anything fancy.

8. Be contented with what you have and try to live within what you earn.

9. Plan your Child’s College Education - Teach them the ways to be independent and self-supporting by encouraging them to apply for scholarships and “on campus jobs”.

10. Be Aware of your Financial Limitations 11. Anticipate your Failures by Planning - Have always a budget plan so you would avoid impulsive buying.

Recent Family Finance News

"Christmas tree" bill bailout is just a thumb in the dike -- Transcript of my FOX News Radio and Blog Talk Radio speech - You might have heard something about me appearing on FOX News radio today. Below is a link to the podcast so you can listen, information about how to vote (yes, please, for me, thanks), and a transcript of my monologue. Listen to the podcast at: http://battle.foxnewsradio.com Mobile voting is: Text the word battle to 41411 to vote via text message. Online voting is: Go to battle.foxnewsradio.com to vote online. Transcript: Hi, this is Julie Pippert from MOMocrats.com,. Thanks for list [Read More...]

An economic hurricane is about to wipe out the United States and collapse the global economy: What the future holds - The following will remain the top post for the next few days. Introduction: I have been trying to put together a piece for the economics section of the wrap-up of politics and economics, but I?ve been having a hard time. How do you begin to describe a scene where your witnessing the bloody victims of the largest train wreck in history be robbed by the authorities, let alone the part where bystanders are applauding as rescuers use kerosene to put out the ensuing fire? The present econ [Read More...]

What?s The Best Financial Advice You?ve Received? - Photo by Digital Sextant It?s been a while since I got tagged with a financial meme. This time, Aryn from Sound Money Matters tagged me to answer the question: What is some of the best financial advice you?ve received? I grew up in a household that didn?t really talk about money that much ? at least, to the extent that I would have liked to. To this day, my father doesn?t really like it when I talk about money; whenever I bring the subject up, he is quick to remind me that ?money isn?t eve [Read More...]

The Enduring Capitalist Conspiracy For World Government by Zahir Ebrahim - Dandelion Salad Sent to me by the author. Thanks, Zahir. Note: I added the video that was cited towards the end of this story. ~ Lo The Enduring Capitalist Conspiracy For World Government With short excerpts from G. Edward Griffin?s Film Zahir Ebrahim Project Humanbeingsfirst.org September 25, 2008 Revised September 28, 2008 © Project HumanbeingsfirstTM. Permission granted to use freely as per copyright notice. Document ID: PHBFZE20080925 URL: http://humanbeingsfirst.org. | Print | PDF | Co [Read More...]