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Frugal living involves adapting to a lifestyle in which one stretches every dollar to its fullest potential and avoids making unnecessary or extravagant purchases. Frugal living need not involve deprivation or extreme sacrifice, rather it is about being smarter about how money is spent.About.com: What is Frugal Living?The keys to frugal living involve creating budgets, planning in advance, accounting for all costs and staying organized.The Digerati Life: 8 Lessons I Learned From the Cheapest Family in the Nation (October 1, 2007)
Reasons for Living Frugally
- Living debt-free or paying off debts sooner
- More money for savings and/or investments
- Early retirement
- More vacations
- Spending for "needs" not "wants"
- Working lessZen Habits: The Cheapskate Guide: 50 Tips for Frugal Living
- Reduce,Reuse,Recycle
Tips for Living Frugally
- Adopt healthy ways of living
- Plant a garden
- Use cash rather than plastic to pay for purchases
- Buy used, rather than new goods
- Give homemade gifts
- Quit smoking
- Cut down on eating meat
- Walk or ride a bike rather than driving
- Hold yard sales and shop at others'Frugalist: Frugality Cheat Sheet: 147 Tiny Tips to Live Healthier, Happier, Greener and Better (May 10, 2007)
- Winter proof the houses to save power
- Unplug the appliances while not in use
- Line dry clothes instead of using dryer.
- Freeze and can fruits and vegetables in the fall.
- When using credit card use one with no fee and giving cash back
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Frugal Living Questions
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What are the reasons to live frugally? I listed a number of reasons in Frugal Living.Can you think of any other reasons? 6 AnswersOne of the most important reasons I can think of to live frugally is to create a reduction in stress in our lives. Living frugally - not buying the latest "impr... read more -
How can I be more frugal? 5 AnswersHmm, well, the first thing to understand is that there's a difference between being frugal and being cheep. Cheep is just being cheep, like that woman in New Yo... read more -
If everyone living frugally, what will happen to economy? 6 AnswersTo answer your first question: It depends. If it happened in an instant, obviously there would be a huge crash. If it happens over a period of time, then people... read more -
What is the best way to clean my Laptop Screen? 19 AnswersI usually use a clean sock with a smidgen of water and vinegar. One part water, One part vinegar, I make up a whole whopping 1/4 an ounce. read more
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