Being frugal is a journey that looks a little bit different for everyone. Maybe you’re saving up for retirement or trying to pay off your house or medical bills. Maybe you just really want to spend a month in the Bahamas. Whatever your reason for taking your frugal journey, there are a few habits that all successful frugal people have. In fact, I’ve found that virtually all frugal people…
1. Check prices at multiple places
It might seem tedious at first, but saving a dollar here or 60 cents there can add up quickly. Truly frugal people are never afraid to double check prices and use coupons and discounts to their advantage.
2. Are not afraid to say no
It can be hard to say no to friends and family, but sometimes that’s what you have to do when you’re frugal. It might seem difficult at first, but frugal people understand that every goes through times when they are in a tight financial situation. Your friends and family will understand.
3. Plan ahead
Having a budget is the first step in becoming frugal. Planning your finances ahead and keeping track of it will make things a million times easier.
4. Learn from (and correct) mistakes
Everyone messes up sometimes. We’ve all got weaknesses and things that we sometimes just can’t help, but instead of giving up, learn from your mistakes and do better next time. The frugal journey is a hard one, but it’s definitely worth it!
5. Avoid comparisons with others
You can’t keep up with the Joneses if you’re going to be frugal. Despite what people think, you don’t actually have to spend money to be happy. On that same note, however, don’t go around bragging on how little you spent either.
6. Buy off-brand items
There are tons of things you should always buy off brand to save a little bit of money. I promise you won’t notice the difference–but your bank account certainly will!
7. Enjoy the little things
Happiness, at the end of the day, isn’t about spending money… it’s about the little things and the people you spend your time with. Being frugal brings families together and allows you to refocus your priorities.
8. Refuse to be embarrassed
It can be hard to tell people that you’re broke or that you simply can’t go and do things, but frugality is nothing to be ashamed of. Instead of lying, be honest with others about your goals and reasons. Who knows–you might just inspire them to do the same!
9. Build a safety net
Unexpected things are going to happen; that’s just a fact of life. Building a safety net into your budgeting will allow you to have a lot more freedom.
10. Spend with intention
This is, in my opinion, the definition of being frugal. Know where your money goes and make sure that you get the most out of it. This might be for paying off debt, saving up for something, or simplifying your life. Whatever the reason, spend all your money with intention and take back control!