Financial

How Can I Be Frugal?

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Buy everyday items you use in bulk. Buy the biggest package you can find, which gives you the most for the money.

Cut out most frozen foods. Some frozen foods make sense, like buying frozen bread dough. It is cheaper to buy three or four unbaked loaves together, than to buy one loaf of bread in the bread section. You can dress up frozen bread dough by rolling it out, brushing it with butter and spreading cinnamon-sugar. Just roll it back up and bake. Voila, you have cinnamon bread. Throw in raisins or pecans for variety.

Buy less convenience foods, and more staples like dry beans, rice, fresh fruits and vegetables, meat, milk and butter (store brand.) Buy food in bulk when possible. Forego the nicely packaged pre-made honey butter, mashed potatoes, or other prepared foods.

Eat out less. If you must eat restaurant food, get the whole meal as a take-out. That saves you from buying pricey mixed drinks, paying gratuities, and buying that fancy dessert you couldn’t live without but didn’t need.

Instead of going to the theater, buying popcorn and expensive tickets in prime time rent it at online later. Maybe the movie won’t be “new” when you see it, but you will save a bunch of money.

Call the museum or zoo and see if there’s any price discounts for certain days of the week.

If you need to buy clothes, avoid any that need to be dry cleaned only. During tough times, shy away from outfits that have special care needs. Go for anything that can be thrown in the washer and dryer.

Use the car less. This is obvious but worth mentioning. Combine trips, so you aren’t wasting gas. If your car doesn’t require high-octane gas, forget about it. Regular works fine. To save even more money, use public transportation.

 

The Frugal Lunchbox

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Go to the Dollar Store and buy a few of those individual serving-size storage containers. These are very inexpensive, and they are worth every penny.

You can use them for any number of things–like making your own fruit cups and pudding cups.
And they can also be used to hold dip for carrot or celery sticks or fill with peanut butter and pack a zipper bag of pretzels for dipping.

Also, at the Dollar Store or discount store, you can pick up one or two of the small “blue ice” cold packs. They will help keep lunchbox items cold and safe. Sandwiches such as egg salad or tuna salad need to have a cold pack. Peanut butter and jelly sandwiches, on the other hand, can be packed without one.

Muffins hold up well in a zipper-top bag, as do slices of banana nut bread, or most any other quick bread.
When the weather turns cool, a small thermos will come in handy for homemade soup or chili. I see lots of these for sale at garage and yard sales, sometimes for as little as 25 cents.

A thermos is also handy to hold whatever drink your child likes to take.

Try to put some fun in the lunchbox: keep a stash of small, inexpensive toys, cut sandwich bread into cool shapes with cookie cutters, write little notes to your child, cut out funny cartoons. Children love surprises.

A good routine to get into is while you are cleaning up the kitchen after dinner, put leftovers in the storage containers, or make sandwiches and place in the fridge in a designated area for lunch items. Get your kids to help–the more they are involved, the better!

Put napkins, etc. in lunch boxes or bags and place them where all anyone has to do in the morning is fill with the prepared items. Now you can all be out the door in minutes!

From Two Incomes to Frugal Living

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Many families start living a frugal lifestyle because one partner wants to stay at home with the kids. If you are going from a two-income household to one, you may be afraid of what all has to be done to live frugally. Below are several steps you can take to make the transition easier.

1. Start with cutting down your debt. Credit cards have to go. They are way too tempting to have around when you are trying to cut back on spending. Cutting your debt is the easiest way to find extra money in your budget. It will take a while but is worth it.

2. Look at what is necessary. For example, do you really need to pay a water service for a water softener when they are relatively cheap through a home improvement store? For less than one year’s rental on a softener unit, you can purchase one and cut the rental from your monthly bills.

3. Be frugal in your decisions. You are looking to keep your household running smoothly without having to go to work. Work with your partner to make a list of financial priorities. Make plans for the future.

4. Take on extra work. If you are highly skilled, you will probably be able to find some way to add to the family income while staying at home. Whether it is crafts that you sell locally, babysitting or catering, you can do things that you enjoy and make a little extra money for the budget.

5. Have an emergency fund. When only one person works, if they are injured or have an accident, chances are that nothing will be coming in. If you are a stay-at-home mom and become ill or hurt, you will need to have someone watch your children. An emergency fund helps cushion your budget from emergencies. You should have at least three months’ worth of expenses in an emergency fund. That way, when things go wrong, your budget doesn’t suffer.

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