Art of Frugal Living – Some Tips to Save You Money

This will be my first in a series of tips articles. The great thing about these types of posts is that they make you think about how you spend money. To learn the art of frugal living, you need know where your money goes and avoid wasteful spending. Here is a starter list of some useful tips to save you those hard-earned bucks:

1. Use coupons – Yes, I realize coupons can be a pain to deal with. However, in the long run they can save you lots of cash. Some places you can find coupons are newspapers, magazines, and the internet. When it comes to groceries, my spouse was always the coupon queen of the castle. She would spend a few hours looking for them and end up reducing the grocery bill by 5 to 10 percent. Oh, and don’t forget the telephone book. Recently, I was tasked with getting a tune-up on my daughter’s car. I made a few phone calls to local tune-up joints with prices around $34. Just before I left the house, I checked the back of the Yellow Pages and wow, I saved 10 dollars.

2. Buy generic or off-brands when it is sensible – When is it sensible? Well, for many food items the generic brands have the same ingredients and taste about the same. But, I’ve learned the hard way that when you’re buying a high-end item, you should do research on the product before you buy. For example, I bought an off-brand television years ago because it was cheap. It seemed like a decent product, but it didn’t last very long. You can find many quality products, even high-end ones that are reasonably priced. It just takes some effort. And remember, effort and information are two keys to frugal living.

3. Shop on the internet – You can find a lot of great deals on the internet for almost anything you want to buy. You don’t have to spend money for gas and the prices online are normally lower due to lower overhead costs. Also, you don’t have to travel from store to store to compare prices. I’ll be sharing some sites with you where I’ve saved money myself. Try Buy.com and Amazon.com for a variety of items at low prices. For photo and video equipment, bhphoto.com is great. If you know any great money saving sites, please share with us in the comment area.

These are just a few of the many ways you can save cash. In the days to come, I will be sharing more ideas so you too can learn the art of frugal living. Live cheap…and prosper.

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