Living the best life that you can doesn’t have to be expensive, and sometimes living frugally can allow you to enjoy some of the best things in life, while still sticking to a budget. There are many reasons to live frugally, and through this you can ensure that you are getting the most out of everything that you have, and not wasting money on things that you don’t need. While you may be able to turn to a short term loan in a financial emergency, living frugally can allow you to stick to a strict budget and can actually help to build up your spare funds much more quickly. Here, we’re providing you with some tips and tricks for effective frugal living.
Pick Your Own Food
This one may seem like an odd concept for those who are only starting to experience a frugal lifestyle, however it can be a fun and extremely cost-effective way to obtain the produce that you use on a daily basis. Even turning to some of the cheaper, well-known supermarkets such as Lidl and Aldi can be expensive if you’re purchasing large volumes of produce, and with the rate that fresh produce depreciates the costs can rack up quite dramatically. However, there are numerous local farms which are probably much closer than you might think, which will allow you to pick your own food, without hiking up the price. To top it off, you can bring your whole family along for the ride, and you can benefit from much fresher food.
Capitalise On Cheap Meals
Whether you’re growing your own food, picking your own food at local farms, or purchasing food from the supermarket, knowing what constitutes as a cheap yet filling meal is particularly important. Many people believe that carb heavy foods are the best, as you are able to fill up quite quickly on these. However, maintaining a balanced diet doesn’t mean you have to spend lots of money. Meat can be particularly expensive, so take a look at meals that do not solely rely on meat in order to maintain low costs. Planning your meals in advance can also help you to budget much more closely, ensuring that you are always sticking to your budget.
Insulate Your Walls
One of the biggest bills that many households pay is the electric bill. Making sure your home is well insulated is the best way, to ensure that your home is not letting heat out, while ensuring your bills are kept to their lowest possible costs. Insulating your walls doesn’t have to be difficult, as you can simply fit dry lining (also known as insulation boards) to them. While many homeowners will choose a professional to carry out their insulation, some individuals may decide to do this for themselves to cut the costs even more. Once you have insulated your walls, you can take additional measures such as ensuring draft excluders are put around the doors and caulking your windows.
Saving Money On Laundry Detergent
This is a cost that appears to grow year-on-year, yet it is one that many people continue to pay as they feel they may have no other option. You still have to wash your clothes, no matter what, right? However, there is a frugal way that you can wash your clothes, and this is through making your very own laundry detergent. There are plenty of ‘recipes’ around which can also help to ensure that the detergent you are washing your clothes with is eco-friendly. It’s a win-win when you make your own laundry detergent.
There are a great number of ways that you can live frugally, and above we have listed just a few. Sticking to a budget can help to ensure that you are capitalising on every penny that you earn, and it isn’t always as difficult as you might think.
Generic advice is not a service regulated by the Financial Conduct Authority.