A MUST READ: 6 Ways To Be Frugal and RICH

[caption id="attachment_73692" align="aligncenter" width="770"] Money[/caption] A frugal person is someone whose finances are always in order; who does not worry about how to pay endless bills because they have enough to cover those needs. Regardless of what you think about them, they are those people who make smart choices when it comes to spending. In this economy, it is a wise call to everyone to tighten their belts when it comes to their finances because of crazy hikes in prices by the day. It is advisable to forgo a lot of things to which you have accustomed yourself. These things are those you and your family can definitely do without. Sometimes, cutting down on certain things could pinch you to think that people will say you are poor. Honestly, they will hardly notice until you tell them yourself. These changes in your lifestyle are not dramatic and make a lot of sense financial wise. Besides, you can make these lifestyle changes to support frugality and have your bank account will be eternally grateful to you. Flip to the next pages for these 6 helpful ways… 1. Pay your bills first, and then shopping next School fees, electricity bills (or credit), water bills and whatever your necessities are must come first. Then your necessities such as food. There are temptations to buy so many nice things for yourself and this does not sound fun at all in the basest sense but it will pay off in the end. It is understandable that there are a lot of fluctuations in bills especially for that of electricity. It will take some time before you adjust to the new tariffs and so you will make uncalculated expenses there. However, for those who own prepaid meters, you can enquire about the prices of a full month package of credits from ECG; that exists, you simply have not asked for it. You should be disciplined about your spending after bills are paid. 2. Do your homework before big purchases Have you ever helped a frugal person to make some purchase? I can tell you if you have not: do not help them. It is supremely exasperating! They are meticulous about what they want in respect of specifications and the accompanying price. Especially the latter. They will travel markets just to be sure they are not being taken for fools. And this always turns out to be the best option. Regardless of the sweat that pours from all the walking (did you think someone who wants to save be rich will waste fuel?). They do all the enquiries and price comparison over some time before they finally make the purchase. They also consider paying attention to warranties. Sometimes the quality of the item depends on the type (length) of the warranty. 3. No loans, minimal borrowing Frugal people hardly have debts tagging at their incomes. They hardly borrow unless it is extremely necessary and time bound such as a crucial surgery. Frugal people have other methods or means of footing emergencies other than falling head long into debt that the present economy may not support for obvious reasons. For this reason, they make sure that they have an emergency fund to oversee the unforeseen events that will require financial attention. 4. Saving is a requirement When was the last time you gave priority to saving after you received your monthly income? Saving is part and parcel of the lifestyle of frugal people. I understand how difficult this can be for most people especially for the family men and women. However, this can be taken care of when you change your priorities on how your money is spent. It is highly recommended that before you touched your come, you would have deciphered which percentage goes into savings. That way, you will be more careful on what you spend since your priorities will dictate to you. Also, it is ideal that you set a goal for saving. Perhaps it could be to buy a house to rent out later. These goals will motivate you to keep yourself disciplined. 5. Cancel unnecessary subscriptions Who needs paid satellite TV when there are free channels on cheaper satellite dishes from companies that are willing to let you buy their products according to a flexible payment plan? What other monthly subscriptions are you logged onto? On a scale of 1-10 how importantly do they serve your purpose for existing? Or how much oxygen and time o they add to what you have already been given? There are plenty of adjustments and alternatives that you have in stock just in case you are worried. Expensive monthly home Wi-Fi can be replaced by flexible data options from service providers on your individual phones (I love Vodafone X). 6. Change of lifestyle Sometimes we think we will die without something until we are truly faced with its absence. The best way to cope with major changes in lifestyle is to ease into it like a boss. First take that little thing away, then the other. Make subtle changes and in no time, your life will be unnoticeably but positively altered. Frugal people adapt to certain choices that may sound absurd at first until you try them out. For instance, with the price of ilk on the rise, you can wire into the mind of your family the fact that too much of dairy products can be detrimental to health. Or even sugar. You can decide to cut down on meat and incorporate more of vegetables into your diet. You can shop at places where foodstuff is cheaper. These are not difficult to find, you can just ask around. Consider buying in bulk. All lights should be switched off during the day and window curtains drawn during the day. This way you will not need to switch on the fan or the air conditioner. These are examples of subtle changes that you can make to save you money.

A MUST READ: 6 Ways To Be Frugal and RICH

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