Talk to a debt counselor toll free:800-300-9550
Our Clients Rate Us Excellent
Based on 3234 reviewsTrustPilot Reviews
Have you ever wanted to change into a frugal lifestyle but you are unsure how to do it? Well given our debt crisis and financial condition, it is evident that our old way of living should change. Admittedly, this is a difficult change for most of us because we got so used to living an extravagant life. That is how consumerism taught us to live.
The best way to adapt into frugality is to develop frugal habits that will ease us into the new lifestyle. Change will not be too hard if you can alter your attitude towards it. If you start developing the right habits, that will help you adjust easily.
7 habits of happy frugal consumers
There are 7 different habits that frugal people have that you need to develop. You may want to concentrate on being used to these so that you can effectively transition into a frugal way of living.
Improve your sense of responsibility. The first habit is about your sense of responsibility. You need to understand that any debt crisis or financial difficulty is brought about by your own decisions. Regardless if there are external factors contributing to it, you are still to blame for your financial predicament. If you understand and develop your sense of responsibility, you will learn how control your reactions to the things happening around you. In effect, you will begin to be more conscious of how you use your money even if things are not so ideal. That is the beginning of frugality for you. Being frugal means getting the best value for your money and that involves smart spending and thinking about every little transaction that you make. Even if you got used to a particular lifestyle, that can change. But you have to make a firm commitment to make it happen.
Know your goals. The second of the frugal habits that you need to develop is knowing your goals. You always need goals to keep yourself focused and disciplined. A goal will motivate you to reach your goals. Frugality can be easy to adapt into if you can define the reasons why you have to do it. You can begin by using debt freedom as one of your goals. After that, you can set up saving goals that will help encourage you to continue living a frugal lifestyle. As you go on further, you will find that you will get used to living frugally and you won’t really need motivation anymore.
Prioritize. To help you with your efforts to live a frugal life, you may want to be a little more organized than you used to. You need to prioritize your expenses so that you can live within or even below your means. It is not really an option - but more of a must that you be organized. And when it comes to being financially organized, you need a budget for that. We came across an article on the AFrugalLife.org that lists 5 printable budget worksheets that you can use. Feel free to see which budget plan suits your spending lifestyle and your needs. You can always start with a template and work on developing it to custom fit your household budget. In the end, your budget will help you say no to the expenses that are not necessary.
Concentrate on mutual benefits. In most cases, frugality makes you feel deprived because you have to give up on some expenses. If you focus on that, you will feel the sting of frugal living and you will start to resent it. But instead of focusing on life being unfair, you may want to think about how the whole thing will benefit everyone involved. Think about your family and how you need your finances to improve so you can all benefit. If that means you have to make sacrifices here and there, that is something that you should be able to motivate yourself to do.
Understand and communicate. The fifth is to simply open lines of communication within the people involved in the frugal lifestyle. That means if you are married, you need to make sure that both of you agree on the change in your lifestyle. The same is true if you have children. They need to know why and how you plan to adapt into this frugal way of life. Communicate so everyone will understand the need for frugality.
Don’t be afraid to ask for help. While parents usually want to shield their kids from the harsh realities of life, your finances should not be part of it. Make the transition as easy as possible but you have enlist their help if you have too. There is no point in shielding them if you know that you cannot afford the type of lifestyle that you used to live on. You can all work together and share the burden. You might be surprised at how your children and other relatives can help out - if you only ask for their assistance.
Take care of yourself. The last of the frugal habits is to take care of yourself. If you think about it, the greatest asset that you will ever have is yourself. You need to make sure that your needs are taken cared of. This is where prioritizing will really be in effect. By making sure that you are okay, you will help ensure that you can easily develop the frugal habits that we just discussed.
Develop the right mindset to adapt to a frugal lifestyle
It is important to put in your mind that frugality is a necessary change that you have to make in your life. Despite the seemingly lack of the usual activities that you used to spend on, you have to understand that frugality leads to abundance. You just have to know how to maximize your limited finances to ensure that it goes to the essential expenses that you need to make.
Develop the frugal habits discussed on those article and you should be able to adjust to the new lifestyle that you have chosen for you and your family. Be wise with your money and start working on improving your future by being frugal.