Wanna save a ton of money?
Adopt the habits of frugal people.
Frugal people know how to stretch a dollar, rarely regret their purchases and have learned how to be content with enough. I firmly believe it’s the small decisions we make daily things that cause most of our money waste. Let’s talk about some things you’d never catch a frugal person doing, and they’re banking the difference.
Frugal people never buy spontaneously.
They always do a price comparison, use a coupon, they take the time to see if they can get a better deal and they’re willing to wait and prolong that gratification so that they can get it. If you’re willing to trade a little bit of your time so that you can pay less you’ll save a lot of money.
Frugal people never buy things that they can get for free
At least they rarely do. One such example is books. I’ve read over 130 books this year and if I had to pay for all of those per book I would be out thousands of dollars.
What do I do instead is use the library to check out free audiobooks and ebooks straight to my Kindle. I also actually pay for a Kindle Unlimited subscription at $10 a month that let’s me read unlimited books.
See more on my challenge here:
If I ever wasn’t using $10 worth of books a month on my Kindle Unlimited subscription, I’d stop the hell out of it, but currently I’m reading a couple dozen books a month so it’s worth it.
Frugal people are patient
Frugal people are willing to purchase clothing in the off season, even though they won’t use those articles of clothing for 4-6 months. They’re willing to wait for a sale. We’re willing to buy used.
Frugal people, in general, keep a list of things that they know that they need and are on the lookout for. We make do until we can find something at the right price. Frugal people are also handy – we are always willing to repair something or try to get it fixed if we can’t fix it ourselves. We’re also willing to DIY something if we have the skills and the tools and can make it for less.
We are willing to borrow something or trade it with someone who might have something that we need.
Frugal people aren’t picky.
Now that doesn’t mean that we will accept any old thing, for instance shoes three sizes too small won’t do. We’re pickier than that. But in general, we’re happy to buy something used, borrow an item, or accept a comparable substitute – especially if the price is right.
Want to save even more money?
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- Ratuken (Get money back on online purchases!)
- Gabi (Scours the net for the best deal on car insurance)
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- CIT Bank (High yield and fee-free banking)
- Be a Rover sitter (Get $10 free )
- Use your skills to work online with Fiverr
- Drive for Ubereats
- Find online and in person jobs in your area with Appjobs
Frugal people are not brand or company loyal.
Just because you think the price that you’re paying for your cellphone your car insurance is okay, doesn’t necessarily mean that you are getting the best price.
Frugal people regularly shop around for services to make sure they’re always getting the best deal. They are not afraid to get on the phone and call a company and ask for a better price, or they’ll walk to the competitor.
I do a check at least once a year on my car insurance and internet to make sure that I am still paying at the best price.
When services are the same or comparable, you should definitely be taking the time to make sure that you’re paying the minimum.
Frugal people don’t upgrade often
New is great, but there are constantly new things being released by companies because that’s how they make money.
For instance, I’ve used Apple products for years I have a Mac computer because it’s what I use to edit my YouTube videos on. But when considering upgrading my iPhone (my screen was shattered and I wanted a better phone for the Instagram part of my Budget Girl business), I was looking at the newest ones and wasn’t that impressed.
Considering the price of the newest iPhone, $1,100 for the IPhone max at the time of this video, I had to think about if that was really worth the money for what I was getting.
Historically, (during my debt free journey and prior) I’ve bought iPhones 3-4 generations old with cash for$100-300. But since I wanted a newer model with a good camera this time, I decided to shop around. I played around with the newest iPhone that a friend had, and it just seemed like it wasn’t worth $800 more than my iPhone 8 that I got used for $300.
I’ve used iPhone for the last decade, but decided to look at the other options. After looking at features, reviews and waiting about 3 months looking for the best deal, I ended up spending $600 on an open box Samsung S10+ with 400gigs of memory from Bestbuy.com. They had a special going on to clearance out their used / open box inventory and I got lucky that the phone was brand spanking new.
I also used Ratuken to get 5% cash back, making it even cheaper. (LOVE Ratuken)
Frugal people don’t pay fees
We’re willing to do whatever it takes to avoid bank fees, late fees, overdraft fees, etc. These are all stupid, unnecessary and are a way to steal your money.
If you’re still paying a bank to keep an account for you, you need to remedy that ASAP. There are too many banks out there online and even brick and mortars that do not charge you a fee to keep an account there. They’ll even pay you interest to keep your money with them –which is the way things should be.
by the way if you regularlyget late fees set up that auto pay ASAP make it as easy for yourself as possibleto always make sure that things are being paid on time and you’re not payinga cent more than you have to some things like student loan debt for instance willeven often cut you a break on the interest rate if you have auto paymentsset I saved like 0.25 percent but I’m grateful for it and I never had to worryabout getting my student loan check it on time it was just taken care of onceyou really have a hold on your money and are tracking everything that’s coming inand going out those overdraft things just disappear because you know whereyour money is and win I will link to a how to budget playlist down below andalso to my Google sheets budget template sheets is a completely free spreadsheetthrough Google and my budget template can be seen on all of your devices allthe time so you never have an excuse for ever drafting and finally frugal peopledon’t care what other people think for instance you might think I’m crazy forbeing willing to accept a substitute or a trade or switching out of Apple howdare I but I don’t particularly care personal finance is highly personal andso is frugality so I’m making the decisions that are right for me and Iwant to encourage you to do the same thing for you but don’t make decisionsout of laziness or ones that will waste you money because you’re not willing toput in a little bit of time energy or work you bite yourself in the butt andwhile that’s impressive I encourage you not to so after all this do you consideryourself frugal and what habits do you think that I missed by the way commentbelow if you are a die-hard Apple or Android person this will be fun if you
They always take the time to see if they can get a better deal, use a coupon, or find a way to pay less. One such example is for glasses. A person who is smart with money would never go to an optical store and waste hours and hundreds of dollars picking out glasses the hard way. Instead of paying to that store’s electricity, showcases and employees, they buy online! Glassesusa is a fantastic place to get the same high quality glasses you can in store at a fraction of the price. You can take your time, try on thousands of pairs with the click of a couple buttons and enjoy the huge savings of shopping online. Other examples: Frugal people never pay for things they can get for free. Books for instance. I’m a huge reader, in fact I’ve read over 130 books so far this year, but if I had bought all of those, I’d be out thousands of dollars. What do i do instead? I use free digital library accounts, pick up $0 books from various sources and invest only when necessary into subscriptions that will let me read unlimited books for $10 a month. Frugal people are patient – buying clothing in off seasons, waiting for a sale or to buy things used, Frugal people are handy – we’re happy to make things ourselves when possible, fix items instead of replacing them or create Frugal people are less picky – happy to buy things used, wait to borrow an item, or accept a substitute. Frugal people don’t care what others think – Frugal people aren’t brand or company loyal – just because you think the price you’re paying for cell, insurance, whatever is ok, doesn’t mean its the best price. Frugal people shop to make sure they’re getting the best rate regularly. I do a check at least once a year to make sure i’m not paying any more than i have to. Frugal people don’t pay fees – bank fees, late fees, overdraft fees, you set up an autopay, you switch to a bank that pays you interest instead of charging you fees, you don’t put yourself in that position. it just takes a little work to set stuff up and some intentionality.