Thrifty Tuesday | Post #4
Hello, dear readers! ♥
Four posts in, and I’m still excited about this series because I love saving money whenever possible and then being able to share my success stories.
Today, though, I want to take things in a different direction & talk about what being “thrifty” really means to me.
Maybe it’s surprising to you that I don’t think it means only buying the cheapest version of every product, and it also doesn’t mean buying every higher-end product just because it’s on sale.
So then, what does it mean for my family & I to be thrifty, and how have these habits enabled us to thrive?
Let’s go ahead & see how Google defines it: using money and other resources carefully and not wastefully.
I love this definition. It goes hand in hand with the reason I cut spending on some things: so that I can spend it on other things I really enjoy, such as books, fun projects & traveling. It also feels wonderful to put a little extra into our retirement funds whenever we can!
That said, what’s right for us may not be right for you. Sit down & figure out what you most enjoy and which areas you wouldn’t mind trimming down! If you love dessert when you dine out, go for it- because it’s all about balance while investing in experiences you enjoy.
I hope the following tips can help you identify areas which are perfect targets in helping you achieve your budgeting goals.
CUT DOWN ON YOUR FOOD & DRINKS BUDGET
- Skip buying soft drinks or dessert when you eat out.
- Don’t waste leftovers & groceries by letting them go bad.
- Don’t buy things at the grocery store you don’t really need, such as the candy bars at the checkout line.
- Make your staple groceries last longer by storing bread, bagels & flour in the freezer.
- Use overripe bananas as a delicious ingredient in smoothies. Or, keep them in the freezer for making banana bread at a later point in time.
- Buy in bulk and store extra items in the freezer.
- Don’t purchase tea outside the home (unless you really have a reason to). Most coffee shops and stores sell a cup of tea for at least $1.95, while a box of 20 organic tea bags usually costs about $2.99. Think about it.
- Meeting a friend for a hangout? Opt for coffee instead of a full-blown dinner. Or even better, make food at home & have a girls night in.
- Date night: Make pizza instead of buying it. Fresh dough can be about a dollar at the store, and it’s easy to add on custom toppings for not too much more.
- When you do make something for dinner, make extra to take to the office the next day so you don’t have to eat out for lunch.
SPEND LESS ON CLOTHING
- Most people only use a small amount of their wardrobe on a consistent basis. So the first step to spending less on clothing is to just buy less of it.
- One trick to buying less is to not buy something unless it’s perfect & you know you’ll wear it.
- Also, don’t do impulse buys!
- Invest in good quality items that will last a long time. Start with small upgrades, i.e. a $30 pair of jeans that will last you longer than the $8 pair sitting in your closet. It may be more money up front, but it will save you down the road.
- If an item of clothing gets damaged, it might be worth the effort to try & figure out how to fix it.
MINIMIZE SPENDING ON HOUSEHOLD ITEMS & ENTERTAINMENT
- Borrow books & movies from the library! My local library card even gets me online access to ebooks, audiobooks, movies & TV shows.
- Cancel your cable membership and opt for accessing TV shows for free utilizing online platforms such as Hulu and the major television network websites.
- Subscribe via email to websites that offer complimentary or cheap tickets for events in your area. I use Goldstar!
- Make your own household products, such as laundry detergent. This can be a big money-saver.
- Buy items such as toiler paper & paper towels in bulk. If you don’t have the storage for them though, you can even go in with a friend or another couple and split the items.
Did I miss anything? I’m sure you all have thrifty lifestyle tips too, and I’d love to hear them! Feel free to share them in the comments below 🙂