Saving money on living costs is a great way to build a bit of financial security as you progress in age. Living a frugal lifestyle will help you take one step closer to financial freedom, and the best part is that you don’t have to look “poor” to spend less money.
Don’t trick yourself into believing that you can’t have nice things if you live a less expensive lifestyle. Use your mind more than you use your money, and start teaching yourself some crafty ways to beat the cycle of financial struggle in your microcosm.
Think outside the box when you want name brand threads
There are many reasons why you might feel the need to sport the top names in clothing, and one common reason is the constant pressure from peers to “fit in” with the group. Teenagers are especially susceptible to this internal struggle, but you don’t have to spend hundreds to get the most popular clothes.
Take the time to shop around at some specialty second-hand stores like Plato’s Closet. Secondhand clothing doesn’t come equipped with a “used” stamp in plain view, so there’s no reason to worry that your threads aren’t just as cool.
Consider going solar at home
You can really save a chunk of money throughout your lifetime by transitioning to solar power at home. The initial installation will cost you a bit, but you can currently get 30 percent of your installation costs credited back to you by the federal government as an incentive for your efforts.
The cost of installation is also at a very temporary low. Now is the time to transition to solar power, as the next few years foreshadow a drastic change in these perks.
Practice patience with big purchases
There are plenty of times throughout life when a large purchase is necessary. The key is to get the best deal possible and take the time to make certain that you’re choosing the best product.
For example, you need a new couch for your home. The purchase is necessary, but there are several ways to go about rectifying the situation. Take the time to investigate at least three options, and then sleep on it before buying.
Take matters into your own hands when you have the opportunity
Feed the crafty side of your mind, and find ways to get the most out of the things you already have in your home. Take an old television stand apart, and use the wood to create something new for your home.
Always live life by a strict budgeting system
Control over your finances starts with a thorough budgeting system. Take an honest inventory of where your money goes for at least a month, and you will have a more accurate picture of what needs to change and what is working.