There’s a lot of financial advice in the blogosphere, but these are the six bits of wisdom that everyone should consider when prioritizing their financial well-being.
1. Buy Yourself Time, Not Just Things
They say time is money, so buying yourself more time is a good investment. Many people avoid spending money to increase their quality of life or productivity in hopes they can squeeze another penny or two into their savings. But considering how much spending on something would improve your life is much more convenient and beneficial. And if it’s enough for you, pull the trigger.
2. Financial Health Is More Important Than Wealth
Too often, people focus on numbers and metrics. But in the end, no amount of money can make you feel secure — that only comes when you work on your financial health. This might mean paying off debt, building an emergency fund, or saving for an upcoming vacation. Whatever your financial goals are, they should at least include feeling confident about where you’re at, regardless of the cash available in your bank account.
3. Wait Ten Seconds
You’ve heard of the ten-second rule, but this time, we’re not talking about that piece of cheese you dropped on the floor while meal-prepping (that ten-second rule is pretty frugal too, so we’ll turn a blind eye, real quick if you wanna grab it). This philosophy involves waiting and breathing for ten seconds before buying anything. It’s a short time that’s also long enough to help your brain recalibrate and consider whether or not you really need the thing you’re about to buy.
4. Practice Patience With Investments
Playing the long game is a must if you’re interested in investing. This is another example where time can be more valuable; investing even a tiny amount earlier and waiting it out means you’ll accrue more cash through compound interest. It’s also a good reminder not to panic when certain investments fluctuate. It’s common for these things to balance out, so don’t get ahead of yourself with investing, be it in buying, selling, or saving.
5. Save Cash for Emotional Purchases
If emotions are attached to something you’re planning on buying, take out some cash to buy it. This helps you be more mindful about what you’re spending and, much like the ten-second rule, allows your brain to consider alternatives or whether the purchase makes as much sense as you thought it did. Plus, it’ll automatically build a budget for what you’re about to buy, provided you decide to leave the plastic at home.
6. It’s Just a Phase
Just as the leaves on the trees wilt and grow every year, so too do our finances. Many people go through phases of spending a lot, like with the holidays, and it’s important to remember that this won’t be your financial situation forever.
Alternatively, this also means you want to prepare for these phases, just as you would pull the winter jackets and boots out of storage before the first snowfall. A spending or saving phase is always coming eventually, it’s just better to know when so you’re ready for it.
20 Frugal Tips From the “Grandparents Generation” That Still Apply Today
Many of today’s grandparents had parents or grandparents who lived through the Great Depression. They adopted many of the frugal living tips they learned and passed them on to their own children.
Grandkids sometimes think that they know everything and that their grandparents are out of touch with today’s world and reality. And while there might be a kernel of truth to that, grandparents still have a wealth of knowledge that can really help. They may need to be tweaked to fit the current world but they are still valuable.
20 Frugal Tips From the “Grandparents Generation” That Still Apply Today
30 Super Simple Ways To Save Money at Home in 2024
Looking for some ways to save money at home? Now is the time to cut expenses, save some money, and keep your money in your wallet. Here are some simple ways to save money at home this year. Whether it’s as simple as switching what you buy when you go to the store or being a little more creative in the ways you use items in your home, maybe some of these ways will work for you!
Here are 30 ways to save money at home and put more in your pocket.
30 Super Simple Ways To Save Money at Home in 2024
20 Poor Hacks Frugal People Use on a Fairly Regular Basis
Even if you’re not poor, you sometimes feel that way, and you probably have some tricks and tips for coping with that. In this article, we’ve compiled several poor hacks that people utilize at least a few times a month or even a week. It’s always good to share these hacks; we hope some of them help!
20 Poor Hacks Frugal People Use on a Fairly Regular Basis
28 Practical Ways Frugal People Save Lots of Money
Saving money doesn’t have to mean saying goodbye to life’s little indulgences. With a few smart tweaks, you can stash away cash for that dream vacation, rainy day fund, or splurge-worthy purchase without feeling like you’re on a constant budget patrol.
Think of it as a side hustle that pays off without the extra hours. Whether you’re looking to conquer debt or simply boost your bank account, these tips are guaranteed to put more money in your pocket, painlessly.
28 Practical Ways Frugal People Save Lots of Money
I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money
I’m super frugal, and one of my passions is sharing my frugal living tips with everyone.
Here are some of my absolute favorite frugal tips to help you get started on your journey to frugal living.
I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money