Be Frugal Withoug Being Cheap
Learn how to save money with quick, easy tips!
Are you looking for ways to save money in 2020? These frugal living ideas to try in 2020 will get you started on the right financial path.
Saving money isn’t the easiest thing to do, so I suggest -like any new habit – you should start small. Find some small areas in your budget you can fix and then continue working on your finances from there.
I also suggest finding ways you can fit in small splurges so you don’t miss out on the things that are important to you in life. For example, if you are not that into home decor, skip decorating your house for every Holiday and keeping up with house decorating trends. Yet, if you love Starbucks coffee, leave room in your budget to treat yourself once per week and make your coffee at home the rest of the week. Therefore, you will not feel deprived and give up.
It is easy to fall into the debt trap in today’s world. Almost anyone can get a credit card and card companies make millions off of people that fall behind and wind up paying interest and late fees. To avoid this, try paying cash in the new year and use a cash envelope system. Use these labels to get you started.
Frugal living is a state of mind. Instead of splurging and spending, find ways to cut back and save on everyday purchases. These small amounts of savings start to add up and enable you to pay off debt, save for an emergency and get ahead in life.
According to business insider, one of the traits of becoming a millionaire is learning to be frugal. (Source: business insider) This research was taken from the book “The Millionaire Next Door” by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallow, Ph.D. who interviewed over 600 millionaires for their research.
Often people do not realize many millionaires live frugally. In fact, you would not even know they have money in the bank. Yet, the people buying luxury cars and houses they cannot afford, seem to be rich. And unfortunately, many are drowning in debt. It is funny how appearances can sway our thinking.
Use frugal living as a way to start living below your means and saving more money. These frugal living tips for 2020 will help you get started and allow you to put money in the bank this year.
Frugal living is often confused with being cheap. Yet, frugal living does not mean being cheap or miserly. In fact, it is quite the opposite. Frugal living is learning to live below your means, so you can build up your money. Here are some things that are NOT frugal:
Rustic Farmhouse Christmas decor reminds me of my childhood. My grandma always had a Christmas city, a wreath on her door, and cute little wooden signs around her house. I remember how warm and inviting her house felt at Christmas time.
What Christmas decor look are you going for this year?
I personally love all of the rustic farmhouse Christmas decor ideas I keep seeing in stores and magazines. However, if you aren’t careful, you could end up spending WAY more than planned and blow your Christmas budget because decorating your house for Christmas can really add up.
And most of us are already spending more than usual on Christmas presents, Holiday parties, and travel so spending a lot on decorations isn’t going to work.
I personally prefer to buy items after Christmas when store sales are at their lowest. I have started to build up a collection of Christmas decorations shopping this way.
However, all the items included in my list below are under $25 so it should be easy to find something affordable.
Therefore, if you are just starting out or changing up your look to farmhouse rustic, these budget decorations can definitely get you started this year.
The best part, they are all under $25 and can be shipped right to your front farmhouse porch.
If you are a girly girl, getting free makeup sounds like a dream come true! And let’s be honest, if we are buying name-brand makeup it can get pretty darn pricey.
What if you could get free makeup? This would totally make “up” your day! Pun intended!!
And every time I hear the word FREE I get all giddy!
Yes, getting my makeup for free would be the cherry on top of my dark circles and uneven skin tone! HA!
Not to mention, I’m like a kid in a candy store when I walk into Sephora or Ulta. But… then I look at the makeup prices, turn around and walk out (scowl) – that is unless I have a gift card. -thanks, mom!
Are you spending too much money and finding it hard to get ahead? If you overspend and are looking for ways to save money, you are going to love this guest post by Jon Dulin from MoneySmartGuides.com. Check it out here:
If you are like most people, money always is tight.
No matter what you do, it seems that you are struggling to get ahead financially.
Chances are you haven’t tried the trick I am about to teach you.
I have found there is one trick that I use that saves me the most money.
It does take a little bit of work to set up, but once you do, it becomes a habit.
If you are willing to put in a little work, you will be amazed at how much money you can save using this trick.
And once you make this savings trick a habit, you can begin to use other ideas to cut your monthly spending to save even more money.
Are you ready to get started?
The simple 3 step process is outlined below:
It is that time to start thinking about the Holidays. And yes, learning how to get ready for Christmas can help eliminate stress in your life and your budget. Let’s face it, Christmas can cause a huge strain on your budget if you are not prepared.
According to a study by the National Retail Federation, consumers will spend $1007.24 on Christmas this year, which is up 4.1% from last year.
Regardless, it is best to make a plan and be ready now before it gets too close to your family parties and the actual date. If you wait you end up becoming a last-minute shopper and most likely spend more than what you were planning because at that point you have no choice.
If you want to take the stress out of the Holidays, it is best to prepare during November. In fact, this year, I am planning on finishing and wrapping all of my presents before December 1st. The only way for this to happen is to be prepared.
I have been planning my Christmas budget all year and I save certain accounts specifically for Christmas present and activities. The two main sources of my Christmas budget are from my Ibotta earning over the year and my Poshmark earnings. I am also selling on Facebook and have put my earnings in a cash envelope specifically for Christmas.
A few other side hustles I have done to set money aside for Christmas are VIPKID (currently making the most here) and User Tester (love this one, but can’t always qualify for tests so haven’t made that much.)
Anyway, the reason I am mentioning my side hustles in this post is to show you I consider this extra money and I am setting it aside for Christmas. If you haven’t saved over the year and are finding yourself falling short, consider going through your house and finding items you no longer want or need and selling them to give you an extra cushion.
You could also consider doing something part-time before the Holidays. I’m not suggesting you need to go over the top, but these are just ideas if you need extra money. I recommend only buying gifts you can afford or possibly making gifts if you are super short on cash.
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