A frugal lifestyle shines through in the simple tasks performed in the home. Whether it's cooking supper or checking email - virtually every household activity can be enhanced by thriftiness.
" penny saved is a penny earned."
- Benjamin Franklin
Save £3,000 by this time next year!
£8.22 a day £57.69 a week £250 a month
Back in January, the Challenge was to think twice before spending impulsively. Challenge yourself this month to go without.
Now that you know where your money is going, it should be much easier to figure out where to cut back your expenses. But if you're having trouble distinguishing between needs and wants, you can take this challenge even further: Go without something you aren't sure you can live without. Obviously, this needs to be done within reason. For starters, you can't stop eating and you can't stop paying rent. But maybe you can eliminate your Friday takeaway habit, or ditch the car and take public transport.
Look at last month's budget and choose one item to eliminate from this month's spending.
1. Don't just buy whatever's cheapest - The cheapskate mentality can cost you more in the long run if you're constantly purchasing shoddy materials that break down and wear out.
2. Pass up the sales - We all know the age-old advice to buy what's on sale. But if you buy what you don't need, what good is it? Learn to say no to pointless sales.
3. Throw things away - Putting the time and money into cleaning and refurbishing something may not make as much sense as simply replacing it. Weigh the costs beforehand and figure out what's best.
Goal: £500 saved since January
Women spend £2,462 a year on clothes and beauty products. Men spend £1,786 on clothes and male grooming products.1
So, what does frugal living look like in the home? Here's the basic idea:
These days, you can easily find recipes to "make your own" anything. But DIY projects don't always save you money. Some of them take so much time to create, they aren't really worth the effort. The best projects save you time and money. So make sure it's a fair exchange. Here are some examples:
Homemade Exfoliating Scrub
3-½ oz. sugar 2-½ tsp. olive oil 2-½ tsp. lemon juice
Mix in a small bowl. Apply mixture to face, hands or feet and scrub thoroughly. Rinse.
Homemade Soap Scum Cleaner
1 cup white vinegar 1 cup dish soap
Heat vinegar and pour into a spray bottle. Add dish soap and gently shake the bottle to mix ingredients. Spray mixture onto dirty bathroom tile and wipe clean. For tough stains, spray and let sit overnight.
Homemade Shaving Cream
1 cup shampoo 1 cup conditioner 5 tbsp. lotion 5 tbsp. coconut oil, warmed
Pour ingredients into a jar. Close jar and shake to mix. Pour mixture into a pump bottle and use.
what you'd like to say
"You mean the world to me."
"I'm glad we're together."
"I love you."
The Pricey Way
dinner at a fine restaurant
a romantic horse-drawn carriage ride
a diamond necklace
The Less-Pricey Way
a gourmet meal at home
a dozen roses
The Frugal Way
cook his/her favourite meal
give a back rub
do an activity together that he/she likes to do
Just say it! (or write a love letter)