Now that it’s just 2 more months left to
bid goodbye to 2014, it is high time we sit with our family members and discuss
all the financial mistakes that we committed during the last year so that we
don’t repeat it again in the coming year. If you’ve just purchased your home or
car, your goal should be to pay it off right within the next 5 years. But how
on earth would you manage to do that when you have huge amounts of debt on your
cards? How about adopting a frugal lifestyle this 2015 so that you can cater to
the more important expenses and then take into account the less important ones?
Living on a tight budget and adopting a frugal lifestyle is no crime and it
doesn’t even mean sacrificing all your luxuries. You just have to spend
according to your income and also ensure that you save enough from what you
make in a month. Have a look at some frugal finance tips for you to follow.
bid goodbye to 2014, it is high time we sit with our family members and discuss
all the financial mistakes that we committed during the last year so that we
don’t repeat it again in the coming year. If you’ve just purchased your home or
car, your goal should be to pay it off right within the next 5 years. But how
on earth would you manage to do that when you have huge amounts of debt on your
cards? How about adopting a frugal lifestyle this 2015 so that you can cater to
the more important expenses and then take into account the less important ones?
Living on a tight budget and adopting a frugal lifestyle is no crime and it
doesn’t even mean sacrificing all your luxuries. You just have to spend
according to your income and also ensure that you save enough from what you
make in a month. Have a look at some frugal finance tips for you to follow.
- Carpool to work: If you’re
using your personal car for reaching your office, stop that immediately so
that you could save a considerable amount of your dollars on refilling the
tank. If you can carpool to work, you can save sufficient money on your
car and thereby use it for other important purposes. You can even put it
straight into your savings account.
- Cut the cable connection:
Do you really have enough time to watch television? Sit back and think.
Before paying your cable connection bills every month, how about cutting
it off for the time-being to check whether or not you can save enough
money. If you really don’t have enough time to watch television, you can
cut off this connection and use it for your internet connection. Catching
up on recent programs through YouTube could be easier with the internet
connection instead.
- Stop drinking Starbucks coffee outside: If you’re a person who drops in at a Starbucks corner every
hour, give up this habit once and for all. Don’t you know how to make
coffee at home or do you think that you don’t have enough time? Well, if
you’re living on a tight budget and you’re trying to save money to be able
to repay your mortgage on time, even if you don’t know how to make it at
home, learn it! Save your dollars by eating and drinking at home.
- Consolidate debt: Another
step that you may take to save money is to consolidate debt through a
professional company. If you owe a huge amount on your credit cards, you
have to make sure that you combine your debts and lower the interest rates
and the monthly payments so that you can save money in the long run. You
can either choose to transfer your balance or take out a personal loan.
Therefore, when you’re wondering about the ways
in which you can adopt a frugal life in 2015, follow the steps mentioned above.
You might feel bad about not doing the things that you love to do, but have
your main goal in front of you to motivate yourself.