Frugal Mini-Series Part 3
Being frugal is not being cheap. Frugal people get the best for their money, whether they are in debt and trying to become debt free, trying to become debt free, or are millionaires. Being cheap for the sake of cheap is not recommended. If you are cheap you’ll feel cheap and who wants that?
Fabulously frugal people enjoy every ounce of their lives and wouldn’t wish their lives to be any different. If you have read the book The Millionaire Next Door you’ll know that these millionaires don’t go around splashing their cash or looking like their wear a million bucks.
After all being a millionaire is about having that money in the bank. If you spend it you are no longer a millionaire!
In this next installment of our frugal mini-series we look at the simple tips of fabulously frugal people to help you live a GREAT life. Previous installments:
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Frugal people have absolutely no problem in saying no. Whether that’s a no to something they don’t like or a no to something they can’t afford. It’s a no and they don’t lose any sleep over it.
So many people find it difficult to say no to the simplest of things (I include myself in this sometimes) and pay a price for that no.
How many times have you gone out with friends to a bar or restaurant knowing you’ll have to put it on your credit card because you don’t have enough money that month?
Because you couldn’t say no? For frugal people their choices are always based on their values.
Frugal people love their friends but going into debt because they can’t say no is not something they do. Instead they will suggest an alternative location e.g. pot luck supper at their house.
Road Trip Food
More and more of us have cars and see them as a necessity. And they are if you want to visit far flung relatives or holiday some place distant but still within your country. A road trip can be a great way to see more of the country, the different villages, architecture and heritage.
They come at a price though. Stopping off at cafe’s and restaurants for your 3 meals a day rapidly adds up, especially if you are a family. Frugal people have this planned and sorted.
- A cool box keeps their home prepared food cold for the 1st day
- Buying food at the local supermarket, not just prepared sandwiches but fresh fruit, tomatoes, crusty bread and sliced meats equal a lovely feast for a few pounds
- Bringing cutlery including a sharp knife helps (for that crusty bread!)
Frugal People Have Fun
Fun doesn’t have to cost money and frugal people are well aware of this. Fun makes your life great. Fun makes you feel fabulous. Expensive fun can leave a bitter after taste, especially if you end up in debt to pay for that fun.
Frugal people are experts at seeking out fun things to do that are free or cheap. They look out for free activity nights in their local area, free entry into unusual or smaller attractions.
Homemade fun is often the best. A kids waterslide made from a hose and a long piece of plastic. A game of twister after the adults have had a couple of drinks. Charades when you can’t mime or remember how many syllables there are in a word is hilarious.
I can thank Mr2p for that last example – he has to be seen to be believed!
Temptation to buy take out is done away with because you already know what you’ll be eating tonight.
Meal planning simplifies your life. Frugal people get that. They get the many benefits that meal planning has to offer and they are experts at planning their meals (and therefore their shopping) ahead.
Whether you plan your meals a week or a month ahead, you will save time, money and stress.
Related reading: The easy way to save money – 15 tips to save $14,000 a year!
Attempt to Fix Their Own
Frugal people aren’t against paying others to fix their things. Indeed they are likely to reach out to a local expert if something breaks and they can’t fix it themselves. But frugal people will always try and fix something themselves first.
These days you don’t need to try and interpret a written manual with only a few pictures. You now have YouTube and videos that show you everything from how to change the oil in your car engine to how to build a house!
Frugal people recognise the benefit of learning new skills. If they can master their DIY then they won’t need to pay someone else to do it.
Pay Full Price For Travel
Bargain hunting is a game frugal people become masters at. They are keen to get the most bang for their buck. But still want to travel to those exotic places for a fabulous holiday.
But why pay full whack when you can significantly reduce the cost? Would you prefer to pay $300 or $6000 for a dream holiday? There is always a deal to be had. Frugal people plan ahead, use credit cards to earn reward points or air miles (always paying off in full each month).
Mr2p and I got 1/3rd off our overnight sleeper train tickets to Scotland last year by hunting down a Two Together Railcard. The railcard was £30 but we saved over £100 as a result.
Spoil Kids With Material Things
Frugal people know that money spent on their kids does not compensate for not spending time with them. Being present in the moment with your kids is worth more to them than anything money can buy.
(Although teenagers might try to dispute this – just because!)
Spending time with your kids builds precious moments that last a lifetime. Kids can have the best fun without money, building dens under the dining table, making boats and cars with cardboard boxes. What fun to do this and have their mom or dad join in?
Have I missed something that you always do for your great life?