Being frugal does not mean life has to be boring.
Swap Out Money Wasters
There are lots of things that chew up your money but can easily be eliminated or swapped out to save money. Here are a few examples of what you can save in a year.
* Cut out the morning coffee – $720 saving per year ($3 a day, 5 days per week, 48 weeks per year)
* Take your own lunch to work – $1,200 saving per year (saving $5 a day compared to eating out)
* Switch cable to on-demand TV via the web. Services such as Netflix or Hulu Premium offer huge amounts of content on demand for around $10 a month. Save around $500 a year compared to cable.
Enjoy the Free Things in Life
So many of the best things in life are free. Try enjoying free things such as the great outdoors and making the most of things you have already purchased such as board games, video games, bikes and other activities.
Focus Your Money on the Things that Matter to You
Being frugal in most areas of your life will mean you have more left over to treat yourself on the things that really matter to you while still retaining control of your finances. Think about what you enjoy the most such as travel or gadgets and save up for something you will really enjoy.
Life should be enjoyed so don’t think being frugal means being boring. There are plenty of ways to cut costs and have fun.
Graphic and tips thanks to high-interest-saving-account.com.au a savings account comparison website.