How To Be Thrifty: Tips For Living Your Best Frugal Life
Being frugal is often incorrectly perceived as being stingy or being deprived. In reality, frugality is about finding the right balance between your short-term goals – your current desires – and long-term plans – lasting financial stability. Basically, it is important to search ‘how to be thrifty tips’ to put yourself in the best financial position.
The good thing is there are plenty of thrifty tips for you to try out – these are just a few of them. Try implementing at least some of these how to be thrifty tips and financial security will be much easier to achieve.
Remember How To Be Thrifty With These Tips
1. Learn To Cook
No list of how to be thrifty tips is complete without this one. Mostly because it’s also one of the most effective. We spend a large chunk of our monthly income on eating food not cooked by ourselves. Just cutting down on this one habit could have a massive impact on your expenses. And it doesn’t have to be complicated. There are a ton of recipes out there that take a total of 15 minutes or less to complete.
2. Buy Used Items
Thrift stores are called thrift stores for a reason, after all. Buying not only clothes but utensils, books, toys, even furniture at thrift stores is not only good for your wallet – it’s good for the environment too if you need additional motivation. And if you have some patience and really look around, you can find some pretty interesting and useful items in great condition.
3. Learn How To Mend And Sew
This is another addition to a ‘how to be thrifty tips’ list that’s been gaining popularity recently. Discarding old clothes and spending money on new ones is often a waste. If it’s small imperfections, you could just mend it. If the problem is larger – or you just got tired of the piece – you can use old materials for sewing new clothes. It does require investing some time, but it renders great results for your budget.
4. Prioritize Function Over Beauty
As long as what you purchase can serve its purpose and do it well – how it looks should be secondary. For example, a $10,000 used car will drive you places just as well as $30,000. Be smart about what you spend money on. Just because it is the more beautiful product or object, does not mean you can’t find something similar for a lot less.
5. Don’t Pay Twice
How to be thrifty tips often fail to mention this – but sometimes you need to spend more now to avoid spending extra in the future. Investing in quality is often necessary. Just remember that buying quality does not have to equal overspending on luxury. The keyword here is ‘sometimes’ buy quality things. You should only use this method if you are absolutely sure it’ll help you avoid spending more in the future.
6. Have Fun Without Spending Too Much
Find which activities bring you joy without eating into your wallet. Take a walk, take some pictures with your phone, play around with social media sites and start an Instagram, visit a library for books and/or DVDs, and so on. There are multiple things out there you could do without spending much. For example, go to a picnic instead of a café/restaurant if you want to spend time with friends. The possibilities are endless if you just think creatively.
7. Learn to Say “No” To Social Pressure
Often our spending is forced by social pressure. Whether it is going out with friends or going on family vacations, sometimes these pressures can be hard to resist. Learn to say no to friends and family when they demand you participate in activities you haven’t budgeted for.
8. Shop With A List
Many how to be thrifty tips talk about curbing impulsive spending, for a good reason too. It’s often enemy #1 to one’s attempts at frugality. The most effective way to curb it, we’ve found, is to have a shopping list in advance and stick to it. If you find out you need something extra – just put it on the next list.
9. Set Up Sinking Funds For Expected Expenses
There will be situations when you will need to spend money regardless of your desires. Having money set aside for specific purposes such as medical emergencies or car repairs could save you a lot of stress and extra expenses in the future. An emergency fund is a great way to get you out of a bad situation. You should also know the financial assistance available to you in your area.
10. Learn How To Use Debt The Correct Way
No list of how to be thrifty tips will tell you to go into debt. In some cases, that could be to your detriment. Obviously, maxing out multiple credit cards has nothing to do with being thrifty, but fearing debt might do you worse.
Say you find yourself facing a time-sensitive problem with no ability to cover it out of pocket. You might think being thrifty means postponing dealing with it until you get the cash together. But that might cause the problem to escalate and cost more, or even become unfixable.
In this kind of situation, getting something like payday loans Florida could be the more beneficial option. This loan helps to bridge the gap between pay periods when you need cash for emergency expenses.
Advantages Of A Florida Payday Loan
Florida payday loans are easy to qualify for, easy to apply for, and fast. They’re a viable option for those who need cash on short notice. We here at Fast Payday Loans, Inc. try to make our process as simple and convenient as we can.
The good thing about this loan is you can qualify for a Florida payday loan even with bad or no credit. And, in some cases, non-employed forms of income sources are accepted – just make sure to speak to your local branch for more information. Also, if you are approved, you will get the cash the very same day.
How To Get A Florida Payday Loan
You can begin the process for a Florida payday loan from the comfort of your home by submitting an online form on the Fast Payday Loans, Inc.'s website. When your form gets processed, a loan representative will contract you with further instructions.
You will need to take your government-issued photo ID to verify your identity and age since you must be over 18, your most recent pay stub, and a blank check from an active checking account in your name to the meeting the loan representative schedules.
You then take all your required items to the nearest Florida payday loan so they can examine your items. They’ll assess everything to determine if you qualify for the loan. If you do – you’ll finish up the simple paperwork and get the cash.
When it comes to having a good ‘how to be thrifty tips’ list, these are all great options for you to try out. You can better your financial situation with these options – like payday loans for emergencies – today. And if payday loans sound like they can help you out, fill out our online form today to get started.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.