Learn how to be thriftier with these 5 habits of frugal people.
Some people make being frugal look easy. They have their emergency savings and no debt and do everything every book has said to do. They just ‘have it’ and make it look effortless. So why can’t we be like that? What is holding you and I back from reaching that point? Well, my guess is that it’s one (or all 5) of these 5 Habits of Frugal People.
5 Habits of Frugal People
1. They have a plan. They have a plan for everything. They have a plan for their budget, for how to pay off debt, for how to save for that new house, for how they are going to pay off the new house, and the list goes on and on. In short, they have a plan for everything. Plus, they probably have a backup plan.
2. They don't care about the Joneses. Keeping up with the Joneses will kill ANYONE'S budget. You need to be happy and proud of what you have and not keep striving to get the next better thing. They don’t put themselves in debt for a bigger house just because they had another kid, they make what they have work. They don’t get a new car every few years because their neighbors do, they drive their cars until the wheels fall off!
3. They talk to their spouses. They sit down and have weekly budgeting meetings so both partners are on the same page. You should be sitting down with your spouse every time you work your budget, even if it’s just recording expenses.
4. They use coupons and rarely eat out. They use coupons and they use them in a smart way. They don’t buy something just because they have a coupon. They use a coupon on something they were already going to buy. They know it’s cheaper to buy your groceries and make it yourself than to go out to eat so they rarely go out to eat. When they do eat out it’s with a coupon!
5. They live in their means. This is a big one! This fits in with they don’t care about the Joneses. They like to have money left over at the end of every month to put in savings. They prefer to pay cash instead of going into debt so they will save for months before buying something. They make car payments but they make them to their savings account until they have the amount needed in cash to buy that car without a loan.
What frugal habits have you picked up?
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Danielle is a mom of 4, Former Navy Wife, Homeschooling mom, frugalista and blogger at The Frugal Navy Wife. She and her family of 6 are currently setting out on their lifelong dream to travel via RV around the United States. They are documenting their journey on Roadschooling with The Frugal Navy Wife.