My Finance Blog

Last time I discussed about is a person can live earning below the minimum wage. Just like what I said before, “if you are earning below the minimum wage for now, scrimp and save up.” This is due to the fact that things change and in time you might need a lot more than what you are currently earning. So, here are some tips to help you start living frugally.

1. Eliminate the Want and Retain the Needs

You need to be able to identify what are the things you “need” as opposed to the things you “want.” That doesn’t mean you have to be hard on yourself — the occasional luxury is well-deserved, but refrain from binging on things you can live without.

2. Don’t Eat Out Frequently

You’d be surprised but you can save a lot by preparing your own meals. Restaurants, of course, would charge more that what the food is actually worth plus you still have to worry about the tip.

3. Find Coupons and Vouchers

There’s no shame in looking for coupons and vouchers for discounts. If you know there are discount coupons for the grocery, then find one.

4. Look for Freebies

Early this year, I looked for “free stuff” in Google and got everything I could find. I think it was a success, I got more free books and DVDs I could read and watch. I suggest you do the same. This will cut off on your “extra” expenses. Other than books and DVDs, some brands also give away free trial products so Google away…

5. Save Money on Gas and Do Everything at Once

At the beginning of the day, list everything you have to do. If there are errands to run, do them all at one go. This will not only save gas but also your precious time.

Filed under: personal finance