Pay a Little Attention, Save a Lot of Money Frugality Comes in a Thousand Different Forms

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Frugality is
definitely in the air during the financial crisis of 2008 and 2009.
Let’s take a look at how frugality works.

Webster’s dictionary
defines frugality as, "prudent economy; that careful management
of anything valuable which expends nothing unnecessarily, and applies
what is used to a profitable purpose; thrift; opposed to extravagance."
In particular, frugality has come to be associated with the idea
of saving money whenever possible, being careful with money, and
not wasting money. It can also mean trading your time for money.
If you can spend a little time to save a lot of money, that can
be a form of frugality.

For people
who have become unemployed in the economic downturn, frugality becomes
important because there is little or no money to spend. For people
worried about becoming unemployed, frugality can help free up some
cash to build an emergency fund or pay off some debts.

The thing about
frugality is that it comes in a thousand different forms, and one
of the easiest ways to learn about frugality is by example. There
is frugality as it relates to housing, cars, clothing, energy and
so on. One big area where people have a lot of control is at the
grocery store. A typical family of four in the United States can
easily spend $100 or more per week on groceries, or $5,200+ per
year. With a little creative frugality, it might be possible to
cut that number in half.

For example,
everyone knows about coupons. Coupons are basically free money,
but you have to invest a little time to collect them. We get a lot
of coupons in the mail, and there are coupon sites all over the
Web. After collecting your coupons, find a store that offers double
coupons.

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the rest of the article

May
19, 2009

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