Good Morning Damsels!
I’ve been gone for a minute now I’m back with the jump off! 😂 Figured I would start your Friday with some retro Lil Kim lyrics & some fresh ideas on saving a few bucks. In your quest for financial freedom, living frugally shouldn’t have to be a party foul! I’ve compiled a list of 10 tips to on living frugally without losing your sanity or your sexy.
1. The Dollar Store is a Gold Mine!
Let’s be real, who enjoys spending their hard earned money on things that are just going to get thrown away? When I go to the Dollar Store I rack up on cleaning supplies, garbage bags, food storage containers and holiday decorations. I’ve also recently started a garden (more on that later) which most of the supplies I purchased from the Dollar Store!
2. Brown Bags Are Sexy!
On average how much do you spend on eating out? The average American spends about $20 a week eating out for lunch. (Found that In a Forbes Article here). When I began my commitment to improving my financial situation, one of the easiest ways I started saving money I set a budget of only $20 for ALL Recreational Eating (if that isn’t a term I am making it one and it means food I didn’t cook in my kitchen).
3. Stop Paying ATM/Bank Fees
ATM & Bank fees can easily be avoided. World Stop. Carry On. If you find yourself agreeing to the ATM fees here is a horrifying fact; often your financial institution charges you on top of the visiting institution’s charges. May I suggest finding a branch en route to your destination or getting in the habit of taking out enough cash for 1 week so you don’t have to return to pull out cash? Another way to avoid bank fees is to keep track of checks written & how much you’ve swiped your debit card.
Bonus Tip: If you need managing your finances, click the link above to download The Damsel Spending Worksheet.
4. DIY Your Mani/Pedi Girl!
Not sure what your local salon costs but my former bi-weekly mani/pedi/brow visits cost me about $60 including the tip. Instead of this $120 monthly habit, I go to the salon every other month and DIY my mani/pedi at home. #DIYFTW
5. Go Thrifting!
THIS IS MY FAVORITE FRUGAL TIP! I absolutely love thrifting! I’ve found countless gems for my wardrobe at thrift stores even nice pieces of flatware for my kitchen. A good eye and creativity are needed for thrifting. Take your time and look at EVERYTHING! I promise you won’t be disappointed! Below are photos of some of my favorite pieces I’ve found at thrift stores.
6. Stop Paying Late Fees
I have to admit, one of the silliest things I’ve done/do is pay a bill a day or 2 late and incur a late fee. These fees range anywhere from $2 to $25. No matter the fee, its money that could’ve been saved and/or put to better use. My suggestion is to stop paying on top of your bills. If you can’t pay the bill when you receive it in the mail, get a calendar and mark which days your bills are due to have a visual reminder.
7. Pay Your Rent In Advance
This will take some negotiating but it is always worth a try. Ask your landlord if you can have a discount or a free month for paying your rent in a lump sum in advance. Think 6 or 9 months at a time.
8. Bike Or Walk For Close Trips
Good old fashion Damsel-Powered-Transportation is the most beneficial! Just think you get to where you are going and you get a little workout! Bike or walk to your destination for anything that is within 3 or 4 miles. (Or 1 or 2 depending on your fitness level.) Your heart will thank you & so will your wallet!
9. Review Your Bills And Accounts For Errors
I’ve learned with age that I have to double check all of my bills and bank statements for errors so each month at my Financial Planning Meeting (more on that here). I review all of my statements for error. Once I caught a double charge from a restaurant I am assuming happened because I left a tip on my card. I’ve also caught a reoccurring charge on my cell phone bill for a service I no longer had a need for. Either way, blindly paying your bills could leave you shelling out cash you could be stashing for a rainy day. #TrustNoFinancialInstitute to double check their own work!
10. Store Brand Is OK
I used to think Jiff Peanutbutter and on-brand cereal tasted better than the store brand but honestly, the only difference is the packaging. Now, I reach for the SB whenever the option is available; so long as the price per unit is the same or less and the calories / active ingredients are comparable.
I sincerely hope these tips help you take control of your financial health. If you need a tool to help you #GetYourFinancialLife click the image to the left to join the newsletter + get a free download of my Financial Planning Workbook sent to your inbox!
Be bold. Live out loud & as always remember,