How to live frugally?

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Date29/06/2016

Stick to these frugal living tips and you will save the money not for once, but for throughout life, creating money savings which can be directed for your own needs and wants instead of compulsory payments.

  • Replace all incandescent bulbs with LED bulbs or other economic bulbs;
  • Use your air conditioner sparingly, assessing the need for it; use other cooling alternatives which are not so uneconomical, for example, hand fan or cocktail with ice cubes;
  • Whenever it is possible, use a daylight instead of artificial light; usually there is no need to use an electric light when the sun is shining outside;
  • Disconnect from the electrical system all electronic devices which are not being used regularly or are not being used in given moment;
  • Make sure that shaving razors are clean and dry after usage, because then they will last for a longer time;
  • Put an uneaten food in hermetic plastic or glass containers, so it can be eaten later instead of throwing in trash;
  • When you are not in some room, turn off the lights in it;
  • At least once in a week leave your car at home and get to your destination, walking on foot or by bike;
  • Borrow books in libraries instead of buying them in bookshops;
  • Always use coupons in shops, as well as stay tuned for other great deals and discounts;
  • Cook and eat at home instead of going to canteen or café;
  • Take a lunch for work or school from home;
  • Watch movies at home instead of going to cinema;
  • Accumulate more dirty clothes and wash them only then, when full portion is accumulated;
  • Wash your clothes in colder water, saving the money to the expense of water warming;
  • After every 6 to 12 months make sure that you are using the most beneficial services of banks and insurance companies; change them, if it is necessary;
  • Collect and use all subscriptions which are available for free;
  • Buy groceries in time of discounts, supplementing your stocks of pantry and freezer;
  • Pick up every coin which you see on the ground and put it into your piggy bank;
  • In the end of every month write down your income and expenses, keeping track of your financial flow;
  • Visit all of free events which are located near from you;
  • Transfer your salary increase and bonuses to your saving account or pay off your debts;
  • Every time you are planning to purchase something big explore prices in the Internet, choosing the best deal;
  • Live in smaller house, saving money to the expense of mortgage, insurance, taxes and maintenance expenses;
  • Buy used, at least 10 years old cars instead of buying new ones;
  • Buy clothes in time of discounts and sales, as well as in second-hand shops;
  • Drive on roads which have less intense traffic, saving money to the expense of fuel;
  • Try to live healthy, saving money to the expense of medical and beauty services;
  • Use free courses and seminars whenever it is possible;
  • Do not buy unnecessary things for your house, for example, souvenirs and other decorations which just take place and collect dust;
  • Use all benefits of your workplace, for example, health insurance, tax incentives and retirement plans;
  • Works for which you have to pay for someone do by yourself whenever it is possible;
  • Do not delay mandatory payments, avoiding penalty fees.