background preloader

The Cheapskate Guide: 50 Tips for Frugal Living

The Cheapskate Guide: 50 Tips for Frugal Living
Post written by Leo Babauta. Follow me on Twitter. Confession time: I’m a cheapskate. Some would say frugal, which sounds much more positive, but in reality I can be a real cheapskate. I am fairly frugal (though not always), but sometimes I take it too far: I have T-shirts with holes in them, I never buy new clothes, we’re shopping for a new couch because our current one has holes in it, and I ran my current pair of running shoes until the soles fell off. However, I have gradually learned to be frugal in many ways that I would recommend to others. Why live frugally? All of which you might believe, but I believe I do have a life. So, if you’d like some tips on frugal living, here are just a few, from a cheapskate. Go with one car. —Read more about simple productivity, focus and getting great things done in my book, The Power of Less. Related:  Frugality

7 Ways to Enhance Focus, Creativity, Productivity and Performance Back in my corporate lawyer days, there was one guy who everyone hated. Not because he was mean or underhanded or cut-throat. He was actually quite nice and always willing to help. People hated him because he was good. Superstar good. While everyone else fretted and froze under the dizzying pace and pressure of the job, he seemed to always keep it together, to thrive and even come alive as the fire got hotter. He wasn’t an adrenaline junkie or cowboy. I used to wonder what he was doing differently. Because if it wasn’t genetic, if it was something that could be learned, I wanted to know. I never figured it out before I left the law. Turns out, there are a handful of things most super-performers do different that underlie or, at least substantially accelerate their success. Time for Mindset Domination Strategy #2. Now, it’s time to add to our arsenal with strategy #2 - – Attentional Training I wonder when the last time you felt any of these was? How powerful is this practice?

5 Things to Do at 50 with No Retirement Savings EmailEmail Sometimes, it seems as though personal finance advice is all about what you should have done. But we’re all able to easily identify the mistakes we’ve made in the past. This is particularly true when it comes to retirement savings. 2. 3. 4. 5. Starting your retirement savings late is not ideal. Tagged as: 401k, Retirement Special Offer: Trade free for 60 Days and Get Up to $600! Related Posts

Frugal Coupon Living ℠ - Extreme Couponing done Responsibly. Former Home of Frugal Coupon Mom as seen on Dr Phil. — Stretching Your Pennies, Saving Your Dollars Frugal Mom - Frugal Living & Work at Home Ideas : Frugal Mom 70 Reminders to Help You Break Any Barrier | Learn This - StumbleUpon I am pleased to introduce this guest article by a new friend John, the creator of HiLife2B, where he hopes to inspire people and to help them achieve their dreams. Follow him on Twitter: @janyasor 1. Believe that even the smallest compliment can save someone’s life 2. Remember that one person can change an entire nation 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70.

How to Downsize Your Lifestyle EmailEmail Many of us look around and wonder how we ended up with so much stuff. Sometimes I wonder why I spend the money I do on things that don’t get used a whole lot. There is a lot to be said for a little more simplicity, as many people have discovered during the recession. It is possible to spend less money, and still live a full life. And, of course, just because you can afford something doesn’t mean you have to buy it. Examine Your Expenses and Your Priorities Before you can downsize your lifestyle, you need to understand what you are spending money on, and decide whether there’s a better way to use your money. Look at all of your spending. Next, consider your priorities. Decluttering Your Life Another essential step in downsizing your lifestyle is to get rid of the clutter in your life. Technology can make your life easier in this regard as well. Making a Plan Finally, you need to make a plan for your money and for your life if you want to downsize your lifestyle. Related Posts

Frugal for Life The Frugal Life - Living Well With What You Have The 26 Best Self-Improvement Posts Ever Need a place to find the best self-improvement blog posts ever? One big list of inspiring geniuses? Well, here it is… my list of the best self-improvement posts ever: 1. – How to be Creative – Originally published in 2004 by Hugh Macleod at the Gaping Void. 2. – How to Make Money From Your Blog – If I had a dollar for every person who started blogging after reading this post… well… I could quit my job. 3. – Zen To Done (ZTD): The Ultimate Simple Productivity System – This is a post you can put to use to improve you life immediately. 4. – How to Learn (But Not Master) Any Language in 1 Hour (Plus: A Favor) – Tim Ferris describes in detail how you can learn the basics of new language quickly through a method he calls deconstruction. 5. – The Art of the Finish: How to Go From Busy to Accomplished – This post was written about three years ago on Scott H Young’s blog. 7. – Do You Have Weirdo Syndrome? 9. – 279 Days to Overnight Success – This isn’t a blog post.

Worried About Reaching Your Money Goals? Just Set One EmailEmail One of the problems I have with goal setting is that I often set too many goals. Indeed, I’ll make a whole list of goals I want to accomplish — only to have most of them fall to the wayside. Instead of setting a whole bunch of money goals for the coming New Year, consider whittling it down to just one. What is Most Important to You This Year? Look at your financial situation, and consider your financial priorities. You can set up a similar plan with paying down you debt, or with saving up for a family vacation. Planning Your Efforts Every guru out there points out that you should break down your big goal into smaller steps. Your first step is to figure out where you’re at right now. Once you know where you are, and see where you need to be, you can start making a plan to get there. Bottom Line Don’t try to solve all of your financial problems in one go, or try to reach financial freedom all at once. Tagged as: Better Yourself, Budget, Money Management, Money Tips, Retirement

Related: