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When we hear the word “thrifty,” most people think it pertains to something negative. They believe it is superficial and unnecessary. The truth is, the perception of frugal or thrifty living is not what most people think it is. Although there are real sacrifices made when you choose to be frugal, the rewards, in the end, are highly valuable and worth it. To help you further understand how thrifty living works and how it can be applied to real life, read more on this article.
Thrifty living describes the act of spending intentionally when it comes to finances. Spending is not done in an instant. Instead, it means you need to think carefully before you decide to purchase something. To do it properly and effectively, you have to determine your priorities —what you need over what you want. You will choose to spend on those things only and spend less, or even not, on things you do not really need. Sure, there are certainly a lot of frugality versions for different people. Yet, one thing is for sure, when choosing to live this life, you add more value to what matters the most in your life.
Another general question heard about this way of living is, “does being thrifty mean living cheaply?” The answer is definitely a big no. Being thrifty should not be confused with cheap as both words mean totally different things. If you wish to change your lifestyle to thrifty living, here are five easy and achievable steps that serve as your guide in living the best life you could ever imagine:
Begin budgeting your finances
Making a realistic budget plan and sticking to it is one of the most challenging aspects of frugal living. Yet, it surely does help in achieving your financial goals in the long run. The best way to create a budget is to identify the amount of money you can only spend for a month. Then, start assigning a budget for essential matters such as bills and groceries. The key is to prioritize what you need the most. Also, it is vital to note that it is okay to spend on things you like. There is a proper way of spending on things like this, such as saving in advance for the trip you wish to experience or purchasing the phone you have been aiming for.
Use online coupons for groceries
Doing groceries is always a monthly or weekly priority. You may think it would seem impossible to cut down grocery expenses. However, some people are not well aware of how online coupons can help live a frugal life. Through weekly ad preview, you can see several store weekly ads that offer coupons and grocery shopping discounts! This way, you could save up a few dollars for every purchase. You will definitely be surprised about how these savings add up quickly without you not even noticing it.
Start meal planning
Most people may think it is a complete waste of time to plan your meals. Some also feel lazy doing it. These situations are exactly why it isn’t easy to stick to your budget because you prefer meals instead of preparing your own. However, meal planning does contribute a lot to your frugal living success. There are several meal planning options on the Internet that you could look for. Find the meal plan that works best for you and follow it. Being able to prepare your own meals feels fulfilling and motivating. The best part is, you can save a lot of money!
Consider selling the things you do not need
Find the time to look around the things you own. Do you find some things that you are not using? Do you have a bag collection set that is only on display? If they are still in good condition, sell them. Choosing to declutter your home is one way for you to discover things that you forgot even existed. This way, you can save spaces in your house and earn a little cash from selling things. It is one way to hit your financial goals effectively.
Reevaluate your subscriptions
If you have multiple subscriptions that are linked to your bank account, it is the best time to reevaluate if you need to continue your subscription or not. When you are not on a budget plan, it is easy to say yes to whatever opportunity comes knocking. Yet, the opposite happens when you choose to live a thrifty life. Double-check your subscriptions and carefully assess whether you can find ways to access those premium benefits for free.
Thrifty living does not necessarily entail painful sacrifice. Aside from these five helpful tips, you can discover other doable frugal and thrifty living methods you could apply in your life. Ensure that you keep control of your money so that you can spend on the things that matter. This may involve a lot of trial and error, yet do not give up. Try different ways and find the thrifty methods that work the best for you.
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