Join and earn Bitcoin Cash for participation

The Frugal Mindset: Saving Money

11 63 exc boost
Avatar for scottcbusiness
Written by
This user is who they claim to be.
We have manually verified this user via some other channel.
Proof
  345
1 week ago

The point of this little blog post is to get you thinking about ways to save money and while I’ll be sharing some practical things that I do myself, I want you to dive deeper into the mindset being applied here in conjunction with frugality.

Shopping Cycles, Sales, & Otherwise

Only buy clothes that you need. Otherwise, always buy what you don’t need right away when they’re cheap and only then. This not only applies to clothing, but also all retail or consumer items.

While grocery shopping, always check for bulk items at a cheaper price especially when sales are being had on smaller items. Most times, the bulk item is cheaper still than the smaller item on sale

Also, while grocery shopping be aware that most foods have on and off seasons so plan your shopping accordingly

Try out the selection brands of the products you’d normally buy. You would be surprised how little difference there and yet they can cost half as much or sometimes more. For example, 1 Minute Rice 1Kg box costs about $7.99 whereas an 8Kg bag of rice from a random brand costs $11.99. The cost difference is huge and realistically I doubt one would notice much difference in the rice considering minute rice isn’t even super high quality anyway.

The 30-Day Challenge

The easiest way to save money is to try cutting something out of your life for 30 days and see the difference it makes. Ideally, cut out something that will improve your life and or replace it with something better. This is the best way to dip your toes into frugality. Reward yourself by using a portion of the savings on something you value more than what you gave up and put the rest to good use.

The Frugal Mindset

Now do note, most people will say oh well it’ll probably taste worse or that’s unrealistic, etc. That is fine, but if you then say you’re lacking money and wish you had more, know that you’re choosing to sacrifice that for boxed rice and many other simple things that from a zoomed-out perspective seem so insignificant. Changing the type of rice I eat or buying cheaper frozen vegetables seems like an easy trade for more wealth.

It’s also not just about sacrificing and having less, it’s more about adjusting your expectations to your budget and more importantly, shifting your spending from insignificant things like rice, to be able to afford the things that you get a lot of value from. It’s a huge misconception that frugal people get less out of life. We just put our wealth into a smaller amount of things that we value more and in my case, it improves my quality of life. When you focus on the things you want the most and cut out the fluff, you’ll be amazed at how much more you can achieve financially, and in all other avenues of life.

I think these things are more important than ever these days and I just felt like writing something so I shared this while I was going over my budget this Sunday. Anyways, feel free to like, share, and leave a comment below on what you think about this and how you save.

34
$ 0.01
$ 0.01 from @zenthereum
Avatar for scottcbusiness
Written by
This user is who they claim to be.
We have manually verified this user via some other channel.
Proof
  345
1 week ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Frugality is a must, but I think we also need to consider increasing our income, because some of us might be depriving themselves so much that it isn’t healthy anymore.

We should enjoy our lives too.

$ 0.00
1 week ago

Is that what saving is to you? And does saving work for you that way? When did you start saving and are you really sure you save or you just have some money left?

$ 0.00
1 week ago

Frugality is an awesome thing! A lot of people look down upon it and may even call you cheap but it's a really good thing to save for your future!

$ 0.00
1 week ago

I am definitely going to try the 30 day challenge. But I wonder what can I leave for a month?? 🙂. No more online shopping for a month 🤨😃

$ 0.00
1 week ago

It could be as simple as "no mayonnaise" for a month or something. It pairs nicely with healthy eating challenges

$ 0.00
User's avatar scottcbusiness
This user is who they claim to be.
We have manually verified this user via some other channel.
Proof
1 week ago

How did you know that I started eating healthy 😂. I am on a healthy diet for almost 3 weeks now. May be I will try now Peri Peri sauce for the next 30 days 😉

$ 0.00
1 week ago

The points mentioned are real practical approach to money saving attitudes. I use this opportunity to thank you for being my sponsor. It is a great honor to me. Thanks and be blessed.

$ 0.00
1 week ago

I always appreciate your financial minimalism mindset. Being frugal is not something to be ashamed of, moreover, it proves that you try to make your tomorrows better than your yesterdays. Keep up your nice system. Thanks a lot mate!

$ 0.00
1 week ago

This is a very nice article. Thanks for sharing this insight with us

$ 0.00
1 week ago

30 day challenge no canned goods for 30 days accepted. haha it is a good way to save money. Can't wait for the result.

$ 0.00
1 week ago

I am now getting used to less my expenses. That 30- days challenge is now running 3 months because of lock down. I am now not using any facial products 😪 Not buying extra things.

$ 0.00
1 week ago