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Frugal Living to Help Your Financial Problems

16, Jan 2013 Posted by : Comments : Comments Off

By living a frugal life, you will have more money to put into your savings account and you will live more comfortably. Saving money and spending less is a good thought, but it’s a very difficult thing for most people to implement. If you truly want to put your finances in better standing, then you’ve got to focus on making life changes that will help you save money. A frugal person still spends money on what is necessary in life, but they don’t overspend on things they really do not need. Below, you will find methods that frugal people use to save money and keep their finances in good health.

Find coupon clipping websites

Coupon clipping websites allow you to purchase coupons in large quantities. It’s easier and far more efficient than trying to collect coupons on your own. Rather than having to hunt down multiple copies of newspapers and magazines, you can just purchase the coupons that you need. Coupon clipping sites are very popular and they have grown considerably in recent years.

Purchase entire hams rather than deli meat

Instead of purchasing expensive deli meat that is pre-sliced for you, why not purchase an entire ham and have the person working in the deli slice it for you? Most grocery stores can do this for you and purchasing an entire ham at once is much cheaper than buying deli meat. You can easily put the ham in the freezer so that it doesn’t go bad.

Check Amazon before you purchase anything at a local store

Amazon has revolutionized the way that people shop for things. Before you spend any money at a local store, always check the Amazon price. Most of the time, Amazon is going to have the item priced considerably cheaper than a local store will. Items like over-the-counter medications are typically 25% to 50% cheaper when you shop on Amazon.

Automatically withdraw your monthly payments into a separate account

Managing your mortgage payment and other bills can be really difficult when you just aren’t sure how much money you will have left over. Rather than keeping all of your money in your checking account and then paying your bills out of there, why not transfer the amount you’ll need to a separate account? For someone who consistently overspends, this can be a lifesaver. If you have a $1,000/month mortgage and $600/month in miscellaneous expenses, you can auto-withdraw $1,600/month into a separate account. Then, just pay all of your bills out of that separate account. This allows your checking account to always be up-to-date with how much money you’re able to spend that month.

Find affordable recipes online

Online websites are great places to look for recipes. If you’re looking for frugal living recipes, there are plenty of ideas that could save you money. Budget meals are perfect family feeders and you’d be surprised how many meals you can make with such little money.

Regularly check your bills

Believe it or not, you will get overcharged at some point. Be sure to pick up the phone and call the company in question when this happens. On a monthly basis you should be checking your phone, cable, Internet, electricity, garbage, and water bill to ensure they’re accurate. If it seems unusually high, it doesn’t hurt to call up the company and request an explanation. You never know when they might goof up and accidentally overcharge you.

Invest in better insulation and double pane windows

Investing in better insulation and double pane windows for your home can save you a significant amount of money. Your energy costs are likely to be reduced by at least a third!

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