Practice Thrift and Frugality

Here are some ideas to help you "practice thrift and frugality."

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  Buy things used. Many things at our house were either free (from the side of the road or something someone was going to throw out) or purchased from a newspaper ad, a garage sale, a thrift store or e-bay and they're just like new but were a fraction of the cost of new items.
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  Eat out less. Making food from scratch is the cheapest way to go. Even if you buy pre-packaged food or easy prep meals at the grocery store, they will almost always cost less than buying even the most inexpensive meals from a restaurant.
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  Find free entertainment and recreation. The library is a marvelous resource with books, movies and fun programs for kids and book clubs for adults. Borrow books and movies from your friends (just remember to return them.) Form your own book groups, exercise groups and sports teams. Get out old instruments you played as a teenager and form a musical ensemble, find a tennis partner and play at the free tennis courts around town. Form playgroups for your children. Explore local parks.
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  Use your skills/talents to barter for other services. My mom used to barter piano lessons for dental checkups. I know someone who does taxes for dance lessons. Talk to your friends and neighbors. You might be surprised what hidden talents and skills they have to share.
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  Don't window shop. Make a list and stick to it. I often find myself at a store purchasing things I didn't realize I "needed" until I saw them. Don't go shopping just to look at things. Most people don't have the discipline to look and not buy. They end up spending money or make themselves miserable wanting what they can't have.
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  Throw away your catalogs before you look at them. If you don't see it, you won't need it.
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  Stay healthy. Exercise, eat right and you will save lots of money in health care costs.
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  Drink water. Forget soft drinks and juice. Stick to nature's best thirst quencher and you'll have more pennies in your pocket.
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  Cook large amounts of food in advance and freeze it. This allows you to save money by buying food in bulk, fills your freezer full of convenience food and will save you the cost of going out or buying prepackaged food. I can't tell you what a lifesaver it was having a freezer full of pre-made meals after I had twins. I probably would have had the pizza and Chinese restaurants' numbers memorized had I not taken the time to prepare meals in advance that I could just pop in the oven.
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  Maintain the things you have. Change your car's oil, rotate tires, change your furnace filters, fix leaky faucets, repair ripped clothing, etc. All these things will save you a great deal of money over time.
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  Sell things you don't use anymore. My friend took her kids' clothes from last year and sold them on e-bay for a hefty $600.00 (and she only has two kids.) You'd be surprised what people will buy from you if you make the effort to sell them. Go through each room in your house and decide if you really need items there. You'll be amazed at how many things you'll find to sell.
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  Eat less meat. It's expensive and there are lots of delicious meals that don't require meat.
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  Wash your clothes less frequently. Many clothes can be worn more than once and still be clean.
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  Consider your housing situation. Smaller is often better. You may not need all the house you have now. Plus smaller means less cleaning, right?
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  Save on transportation--take a bus, use mass transit, ride a bike, carpool, telecommute or only keep one car. If you get creative, you may find ways to save money.
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  Turn down your thermostat in the winter, and raise it in the summer. I'm not saying be uncomfortable, simply adjust it slightly so it's almost unnoticeable. You'll be surprised how much you can lower your energy bills by wearing warmer clothing in the house in the winter and keeping it slightly warmer in the summer.
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  Try designating a spending-free day or spending-free weekend on a regular basis. Cut out all incidental spending for a day or weekend. If you do this consistently over time, you'll soon have more money to rub together.
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  Use cash to purchase things. On average, people spend 30% more when they use a credit card instead of cash.
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  When you get unexpected money or a windfall, don't spend it on something extravagant or unnecessary! If at all possible, save it.