Frugal living is something that many people have been trying to adapt to in recent times. It is a way to save money while still leading a comfortable life. As a black person, I know that saving money and being wise with our finances is something that is ingrained in our culture. That’s why I’ve compiled a list of tips on how to live frugally in 2019.
Tip 1: Brown Bag Your Lunch
One of the easiest and most effective ways to save money is by brown bagging your lunch. Eating out every day can really add up over time. So, instead of spending money on expensive meals, take some time to prepare your meals at home. You can save a ton of money by doing this, and it’s also a healthier option.
Tip 2: Shop Smart
When grocery shopping, make sure to buy items that are on sale or that are marked down. You can also save money by buying generic or store-brand items instead of expensive name-brand items.
Tip 3: Cut Cable
Cable television can be a huge expense. Instead, try subscribing to online streaming services like Netflix, Hulu, or Amazon Prime, which are much more affordable and often offer a wider selection of shows and movies.
Tip 4: Use Coupons
Using coupons is a great way to save money, especially at the grocery store. You can find coupons online or in your local newspaper, and they can save you a ton of money over time.
Tip 5: Cut Back on Eating Out
Eating out can be very expensive, so try to limit the number of times you eat out each week. You can prepare your meals at home and save money on expensive restaurant meals.
Tip 6: Drink More Water
Drinking water instead of soda or other sugary drinks is not only healthier, but it can also save you money. Cut back on your soda intake and stick to drinking water, which is free and better for your body.
Tip 7: Shop at Thrift Stores
Shopping at thrift stores is a great way to save money on clothing, furniture, and household items. You can find some amazing deals at thrift stores, and it’s a great way to give back to your community.
Tip 8: Use Cash Back Apps
There are many cash back apps available that can help you save money on your everyday purchases. These apps help you earn cash back on purchases you make at participating retailers, and the savings can really add up over time.
Tip 9: Cut Back on Utility Bills
You can save money by cutting back on your utility bills. Make sure to turn off lights and electronics when you’re not using them, and keep your thermostat at a reasonable temperature to save on heating and cooling costs.
Tip 10: Buy Used Cars
Instead of buying a brand new car, consider purchasing a used car. You can save a lot of money by buying a used car, and it’s also better for the environment.
Q: How can I save money on my car insurance?
A: You can save money on your car insurance by comparing rates from multiple providers and choosing the one that offers the best coverage at the lowest price.
Q: How can I save money on my monthly bills?
A: You can save money on your monthly bills by cutting back on unnecessary expenses and negotiating with your service providers for a better rate.
Q: How can I save money on my vacation?
A: You can save money on your vacation by booking your trip during the off-season, using a travel rewards credit card, and researching deals and discounts before you book.
Tip 1: Set a Budget
Setting a budget is one of the most important things you can do to save money. It gives you a clear idea of where your money is going and helps you to identify areas where you can cut back.
Tip 2: Avoid Impulse Purchases
Impulse purchases can be a budget killer. Resist the urge to buy something just because it’s on sale or looks good in the moment. Instead, take time to think about whether you really need it and whether it fits into your budget.
Tip 3: Cook at Home
Cooking at home is a great way to save money on meals. Not only is it cheaper than eating out, but it’s also healthier and allows you to control what ingredients go into your food.
Tip 4: Use Cash
Using cash instead of credit cards can help you to stay within your budget and avoid overspending. It also gives you a better sense of how much money you have to work with.
Tip 5: Cancel Subscriptions
Canceling subscriptions to services you don’t use can save you a lot of money over time. Take a look at your monthly bills and see which subscriptions you can do without.
In conclusion, living frugally is a great way to save money and stay within your budget. By following these tips, you can make small changes in your daily life that can add up to big savings over time. So, start implementing these tips today and watch your savings grow!
Zhang Quan is Minted millennial Writer and Editor.