Top 10 Habits of Frugal People

Hoping to pick up some better habits when it comes to money? The Top 10 are all great ones to consider.

1.

Use coupons.

Non-frugal people don’t understand how $0.50 and $1.00 coupons can add up to big savings. You don’t have to spend hours couponing—just a few minutes when you get the Sunday paper!

Have clear goals.

Know your long-term goals, like paying off credit card debt, having enough money for a house down payment, or saving a certain amount for retirement.

2.

3.

Stop comparing yourself to others.

If you always want the things or lifestyle other people have, you will always be trying to catch up to an impossible standard.

Eat out less.

Eat at home as much as possible. When you do go out, use coupons or choose budget-friendly restaurants.

4.

Keep a thorough budget.

To truly be frugal, you need to know where your money is going. This includes money spent on bills, flexible expenses, and other costs that come up throughout the month.

5.

Don’t drive outside your means.

Just because you can afford a certain car doesn’t mean you should buy it. Taking out a smaller car loan or paying in cash can help you put more money where it matters.

6.

Stay in contact with your spouse about finances.

If you have a partner, you need to be on the same page in regards to finances.

7.

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